3.05% Reward Checking Account at a Georgia Bank (Bank of Upson)


Update 5/10/09: The yield has fallen to 3.05% APY. Refer to the bottom of the post for the rate history.

Bank of Upson has introduced a reward checking account that pays 3.05% APY on balances up to $25,000 (1.01% over) and receives ATM fee refunds if the following monthly requirements are met: 1) 12 check card transactions, 2) One direct deposit or ACH auto debit, and 3) receive electronic statements. If these requirements are not met, the rate falls to 0.10%. A minimum opening deposit of $100 is required, but there are no minimum balance requirements or monthly fees regardless of meeting the above requirements.

This is the first reward checking account that I've found in Georgia. The account is pretty typical for a reward checking except the check card usage requirement is a little high at 12 per month.

In addition to Bank of Upson, the bank does business as Meriwether Bank & Trust and SouthCrest Bank. Branches are located in the Georgia cities of Thomaston, Luthersville, Manchester, Warm Springs and FAyetteville. The bank is FDIC insured (Certificate # 17041).

Other Reward Checking Accounts

For other reward checking accounts in other parts of the country, please see my reward checking account page and my best checking account post.

Rate History:
05/06/09: 3.05% APY
01/02/09: 3.75% APY
12/20/08: 4.25% APY
03/31/08: 5.05% APY
09/12/07: 6.01% APY (initial post)
Anonymous   |     |   Comment #1
Rate change dated 12/25/08 has top rate at 3.75% APY. Other rates remain same.
cjdtech (anonymous)   |     |   Comment #2
Rate has fallen to 3.05%