3.51% Reward Checking Account at Community State Bank in Wisconsin


Update 6/27/09: The top rate is scheduled to fall to 3.51% APY effective 7/01/09. Refer to the bottom of the post for the rate history.

Community State Bank has a reward checking account called Free Everyday Rewards Checking (pdf). It pays 3.51% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees nationwide (up to $20 per cycle) if the following monthly requirements are met:
  • 12 Visa check card purchases
  • one direct deposit or ACH debit
  • receive electronic statements
If these are not met, the rate falls to 0.15%. Minimum deposit to open is $100. There is no monthly service charge. One downside is that they allow only one account per social security number.

It appears a branch visit is required to open an account. Branches are located in the Wisconsin cities of Union Grove, Burlington, Kansasville, Mt. Pleasant, Rochester, Sturtevant, Waterford and Paddock Lake.

Community State Bank has been FDIC insured since 1934 (FDIC Certificate # 9536).

Thanks to the reader who emailed me news of this 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.

Rate History:
07/01/09: 3.51% APY up to $25K
02/26/09: 5.01% APY up to $25K; 0.50% over; 0.15% base
Related Pages: checking account, reward checking account