3.01% Reward Checking Account at Columbia River Bank in WA & OR


Update 10/24/09: The top rate has fallen to 3.01% APY. There's no longer a description of this checking account at the bank's website. Contact the bank for the latest rates.

Columbia River Bank is offering a reward checking account called Ultimate Checking. The account offers the following features and rates if certain monthly requirements are met:
  • 3.01% APY on balances up to $25,000
  • 0.42% APY on balances over $25,000
  • 0.11% base rate if qualifications are not met
  • ATM fees refunded up to $25 per cycle
The monthly requirements include:
  • 10 debit card purchases
  • one direct deposit or ACH auto payment
  • Log into Online 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 fees
  • Free Bill Pay if kept active ($6/month after 30 days of no activity)
It appears a branch visit is required to open an account. Branches are located in several cities of Washington State and Oregon.

The bank has been FDIC insured since 1977 (FDIC Certificate # 22469).

Thanks to the readers who notified me of this bank.

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.

Update 6/01/09: The bank no longer seems to list this account on its website. I was informed by the bank that they are still offering this account and the top rate remains at 4.01% APY.

Rate History:
10/23/09: 3.01% APY up to $25K; 0.42% over (per reader)
08/06/09: 3.80% APY (rate 3.73% per CSR)
04/19/09: 4.01% APY
Related Pages: checking account, reward checking account

  |     |   Comment #1
The entire RC account description(initially prominent) has been shoved into an oblivious footnote:

"See a Personal Banker at any CRB Branch for complete information about Ultimate Checking."
Banking Guy
  |     |   Comment #2
You're right. Looks like they're hoping to make more money from their new Discovery checking which charges a $6/mo fee unless the customer makes 30 debit card purchases per month.
  |     |   Comment #3
September rate of 3.73% compounded monthly to yield 3.79%APY has been lowered to 2.97% to yield 3.01%APY for qualified balances to $25K in October. Rate over 25K is 0.42% for qualified accounts for both periods.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.