4.44% Reward Checking Account at a Florida Bank (Ocala National)


Update 1/30/09: The bank has been closed by regulators. Refer to this post for more details.

Ocala National Bank is offering a reward checking account that pays 4.44% APY on balances up to $50,000 (1% for above) and refunds ATM fees without limit if the following monthly requirements are met:
  • 10 check card purchases
  • 1 direct deposit or ACH debit
  • electronic statement delivery
If these are not met, the rate falls to 0.50%. The minimum initial deposit is $100. There are no minimum balance requirements and no monthly service charges.

It appears a branch visit may be required to open a new account. Branches are located in Ocala, Florida. The bank has been FDIC insured since 1986 (FDIC Certificate # 26538).

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.
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