Midwest Bank in Minnesota is offering a decent reward checking account (as of 1/11/2011)
- 4.01% APY up to $25K
- 0.50% APY for above
- automatic surcharges refund up to $5/time
- 10 debit card Point of Sale (POS) transactions per statement cycle
- one direct deposit
- receive your monthly statement electronically
New customers must reside in bank's local market area
to open this account.
Branches are located
in the Minnesota cities of
- Detroit Lakes
- Parkers Prairie
Update 1/11/2011: 2nd tier rate fell from 1.01% to 0.50%. Added note about market area.