Alliance Bank has a reward checking account called Freedom Checking that pays 4.50% APY on balances up to $25,000 (0.75% for above) and refunds ATM fees (up to $50 per cycle) if the following monthly requirements are met:
- 10 check card purchases
- one direct deposit or ACH debit
- receive electronic statements
- maintain valid e-mail address
It's not clear if this bank requires a branch visit to open the account. There is an online enrollment application. I'll check on this today. Update 8/25/08: I've received a reply from the bank on this issue, and they do require new customers to come into a branch to open this account.
Branches are located in several Texas towns east of Dallas. These include Sulphur Springs, Greenville, Commerce, Wolfe City and Rockwall. The bank has been FDIC insured since 1934 (FDIC Certificate # 11569).
Other High Yield Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
06/02/09: 4.50% APY
01/05/09: 5.00% APY
05/14/08: 5.25% APY