- 10 debit card purchases
- one direct deposit or ACH debit
- receive electronic statements
If these are not met, the rate falls to 0.10%. The minimum deposit to open the account is $100. There are no minimum balance requirements or monthly service charges.
Update 1/6/11: The bank no longer has an application at CheckingFinder.com. However, there is an online application at its website.
This bank has partnered with Checkingfinder.com to offer this online for people in any state. I emailed the bank about the Checkingfinder.com's online application, and here is their reply:
You do not have to come into our bank in person. You are welcome to apply online and we do not require that you mail in personal identification documents because of the level of security questions that you will be asked when you apply online.
Here is the link to the bank's Checkingfinder.com page.
The bank has one office located in Pleasnt Hill, Missouri. It's a new bank that was established in 2006 (FDIC Certificate # 58423).
One thing you might notice with this bank is the similarity with the Community Bank of Raymore that I posted on last Tuesday. The websites are very similar and the reward checking accounts share the same rates and features. There is definitely some affiliation between the two. Both share the same Board of Directors Chairman. However, they are two different banks from a FDIC insurance point-of-view.
Other High Yield 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. On this website I also have a list of reward checking accounts available nationwide.
- 01/07/10: 2.51% APY for up to $25K
- 04/01/09: 3.01% APY for up to $25K, 0.50% APY for over $25K, 0.10% if requirements not met
- 12/24/08: 5.01% APY for up to $25K, 0.50% APY for over $25K, 0.10% if requirements not met.
- 09/07/08: 6.10% APY for up to $25K, 1.25% APY for over $25K, 0.30% if requirements not met.
- 06/12/08: 5.01% APY