America West Bank is offering a reward checking account that pays up to 3.55% APY on balances up to $25,000 (1.51% for above) and refunds ATM fees if the following monthly requirements are met:
- 10 debit card purchases
- one automatic deposit
- log into online banking
- receive e-statements
There's another requirement to receive the highest interest rate. The bank has four levels of membership with different requirements. This is described in this Membership Levels Page (pdf). The top two levels offer the maximum reward checking interest rates. The Executive Level appears to require $5,000 in the savings account. The Equity Level appears to require $1,000 in the savings account and a $25K minimum equity investment. Refer to the bank's rate table (pdf) for all of the different rates.
It appears a branch visit is required to open an account. Branches are located in the Utah cities of Layton, Murray, Ogden, Draper and St. George.
America West Bank has been FDIC insured since 2000 (FDIC Certificate # 35461).
Thanks to the reader who emailed me info on this reward checking account.
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.