Updated Review of Centera Bank's Reward Checking Account - Kansas Only


0.49%-$25kCentera BankReward Checking
Rates as of October 21, 2021.

It has been almost 3 years since my first review of the reward checking account at Centera Bank in Kansas. Rates have fallen, but the rates have remained very competitive. Below is a summary of the rates and features if certain monthly requirements are met (as of 6/28/2012):

  • 3.01% APY for balances up to $25,000
  • 0.55% APY for portion of balance over $25,000
  • 0.10% APY base rate if requirements are not met
  • Reimburses all ATM fees nationwide if requirements are met

The monthly requirements include:

  • 10 debit card purchases
  • 1 Automatic Payment or Direct Deposit
  • Receive your account statement electronically

This is a free checking account with no monthly service fee and no minimum balance requirement.

Available to Kansas Residents

The bank's website doesn't list the details of this account. The details and the application are available at CheckingFinder.com for all Kansas zip codes. Please refer to our Centera Bank page for the CheckingFinder link.

Bank Overview

Centera Bank branches are located in Southwest Kansas.

The bank has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas ratio of 0.43% (excellent) based on March 2012 data. Please refer to our financial overview of Centera Bank for more details. The bank has been a FDIC member since 1946 (FDIC Certificate # 16436).

How This Reward Checking Account Compares

The only Kansas reward checking account that matches this rate and balance cap is at Golden Plains Credit Union. However, only Central and Western Kansas residents are eligible to open the Golden Plains reward checking account.

Reward checking accounts with yields of at least 3% for balances up to $25K have become difficult to find. For reward checking accounts that are available nationwide, the best yield for balances up to $25K is 2.52% APY at ABCO Federal Credit Union.

These rates are accurate as of 6/28/2012.

To find the highest reward checking rates in your area, please refer to our reward checking rate table. This can also be used to find accounts available nationwide. If you're new to these tables, my rate table guide should be useful.

If you're new to reward checking, my blog post, 10 Common Traits of High-Yield Reward Checking, should be useful.

Related Pages: Centera Bank, Wichita, checking account

  |     |   Comment #1
I have both the Centera Rewards checking & the GPCU one.  Both are easy to work with & both allow paper checks as well. They do their best to help and service their local customers (of which I am). However, you can't initiate any transfers with them (unless you set up bill pay) but they do receive ACH transfers. I've been very happy with them.
4.01% Reward Checking Account at Centera Bank in Kansas - Local Only
Centera Bank is offering a reward checking account with the following rates and features if certain monthly requirements are met:
  • 4.01% APY on balances up to $25,000
  • 1.01% APY on balances over $25,000
  • 0.25% base rate if requirements are not met
  • Reimburses all ATM fees nationwide
The monthly requirements include:
  • 10 Visa debit card purchases
  • 1 direct deposit or automatic payment
  • Receive monthly account statement electronically
Additional features of the account regardless of the monthly requirements include:
  • $100 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • Free Online Bill Pay
The account is currently not mentioned on the bank's website. It's...

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