3.50% Reward Checking Account at Brenham National Bank in Texas - Local Only

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Update 8/16/09: The top rate has fallen to 3.50% APY.

Brenham National Bank is offering a reward checking account with the following rates and features if certain monthly requirements are met:
  • 3.50% APY on balances up to $25,000
  • 1.01% APY on portion of balance over $25,000
  • 0.10% on all balances if requirements are not met
  • Refunds ATM fees
The monthly requirements include:
  • 10 point-of-sale debit card purchases
  • 1 direct deposit or direct debit
  • Log into Internet Banking
  • Receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $100 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • Free Bill Pay
It appears a branch visit is required to open an account. Branches are located in the Texas cities of Brenham, College Station and Chappell Hill.

Brenham National Bank has been a FDIC member since 1934 (FDIC Certificate # 3113).

Other 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.

Rate History:
08/11/09: 3.50% APY up to $25K; 1.01% over; 0.10% base
07/27/09: 4.01% APY up to $25K; 1.10% over; 0.10% base
Comments
6.15% 7-Month CD at a Texas Bank (Brenham).
Brenham National Bank is offering a 6.15% APY 7-month certificate of deposit special. For the full 6.15%, a minimum deposit of $50K is required. An APY of 6.00% is available with only a $10K deposit. The 6.15% also requires a Reward Checking account. The promotion is only for a limited time.

The Reward Checking Account is a free checking account that pays 4.01% APY on balances up to $25K. The minimum to open is $100. The 4.01% rate requires 10 or more point-of-sale transactions per month, e-statements, monthly ACH deposits/debits and...

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