High-Yield Reward Checking Account at Fidelity Homestead Savings Bank in Louisiana - Local Only

Fidelity Homestead Savings Bank has a reward checking account with some above average rates. The following is a list of the rates and features if certain monthly requirements are met (as of 12/9/2010):

• 4.11% APY on balances up to $25,000
• 1.00% APY on portion of balance over $25,000
• 0.25% base rate if requirements are not met
• Nationwide ATM fee refunds of up to $4.95 per event with a cap of $25 per month

Monthly requirements include:

• 10 debit card purchases
• One ACH Credit or Debit
• Enroll and receive E-Statements

There are no monthly service fees and no minimum balance requirement.

Not only is the top tier rate above average, but the second-tier rate is also above average. A second-tier rate of around 1.00% used to be common, but many banks have cut this rate along with the top tier rate this year. A 1.00% second-tier rate may sound low, but it's actually not a bad deal when you consider many internet savings accounts now pay only around 1.00%.

Fidelity Homestead only opens new accounts for residents of the community areas where their branches are located. Their branches are located in several Louisiana cities including New Orleans, Baton Rouge, Hammond, Covington and Slidell.

The bank has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 5.79% (excellent) based on September 2010 data. Please refer to our financial overview of Fidelity Homestead for more details. The bank has been a FDIC member since 1936 (FDIC Certificate # 28316).

Other High-Interest Reward Checking Accounts

To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.