2.60% Rewards Checking Account at a Kansas Bank (Emprise)


Update 12/31/08: The top yield has fallen to 2.60% APY. Refer to the bottom of the post for the rate history.

Emprise Bank is offering a rewards checking account called eRewards Checking. It offers a yield of 2.60% APY on balances up to $25K (0.35% for above). It requires a little more debit card usage than other reward checking accounts (12 per month rather than the typical 10). The other requirements include 1 Direct Deposit or ACH Auto Debit and receiving electronic statements. If these requirements are not met, the rate falls to 0.05% and you don't get any refunds of ATM fees charged by other banks. The minimum deposit is $100 and it has no monthly service fees.

You can apply for the eRewards checking online. The application makes it seem that people from any state can apply, so I called the bank on Friday. I was told that you still have to visit a branch to show identification and to complete the application process. Note, the banking rep offered me an additional $10 sign-up bonus, so be sure to call before applying. Their toll-free number is (800) 201-7118.

Branches are located in several Kansas cities including Wichita, Andover, Augusta, El Dorado, Eureka, Goddard, Hays, Lawrence and Toronto. The bank has been FDIC insured since 1934 (FDIC Certificate # 4789).

Rate History:
12/23/08: 2.60% APY for up to $25K, 0.35% APY for above, 0.05% if req not met.
??/??/08: 3.51% APY for up to $25K, 1.03% APY for above
04/05/08: 4.75% APY for up to $25K
04/22/07: 6.01% APY for up to $25K, 0.40% if req not met.
Related Pages: Emprise Bank, Joplin, Topeka, Kansas City, Wichita, checking account, reward checking account

  |     |   Comment #1
Rate table as of 12/23/08 says 3.51% APY up to $25K; 1.03% above $25K; 0.10% if requirements not met. HOWEVER, the FIRST ROI flash shows 2.60% APY--big disconnect.
  |     |   Comment #2
Not unexpected, the flash has been updated to match the rate table.

Note the bill pay (usually free) is $2.95/mo for eRewards.

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.