Iowa-based Fidelity Bank & Trust (Fidelity B&T) new rewards checking account, Hometown Hype Checking, was added to the product line this past summer with an initial 2.03% APY on qualifying balances up to $25k. Qualifying balances >$25k and non-qualifying balances both earn 0.05% APY.
|2.03*%||-||$25k||Fidelity Bank & Trust||Hometown Hype|
|OTHER TIERS: 0.05% → $25k+|
The statement cycle qualification requirements include,
- At least 10 PIN or signatured-based debit card transactions
- At least two ACH or direct deposit transactions
- E-Statements with a valid email address
- Sign into Online or Mobile Banking at least once
The Hometown Hype Checking account has no monthly service fee and can be opened with a $50 minimum opening deposit. Unlimited checking writing is available and a free debit card will be issued following account opening. Nationwide ATM fees will be reimbursed up to an aggregate of $10 per statement cycle, if qualifying requirements are met. There is a limit of one account per Social Security number.
Headquartered in Dubuque, Iowa, Fidelity Bank & Trust’s market area covers northeast Iowa and includes Crawford and Grant Counties, Wisconsin and Jo Daviess County, Illinois.
Opening a Hometown Hype Checking account can at any of 32 Iowa branches located in Anamosa, Asbury, Bellevue, Calmar, Cascade, Charles City, Clarence, Decorah, Dike, Dubuque (2), Dyersville (2), Epworth, Guttenberg, Janesville, Lamotte, Luxemburg, Maquoketa, Monticello, New Hampton, Oelwein, Ossian, Peosta, Postville, Stanwood, Tipton, Waukon, Waverly (2), West Branch, and Worthington. There are also two Wisconsin branches (Platteville and Prairie Du Chien) and a single branch in East Dubuque, Illinois. All branch lobbies are open for regular business hours, but Fidelity B&T “may close lobbies or branches when we see an increase in community spread."
Fidelity Bank & Trust has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 2.66% (excellent) based on June 30, 2021 data. In the past year, Fidelity B&T has increased its total non-brokered deposits by $176.21 million, an excellent annual growth rate of 14.14%. Please refer to our financial overview of Fidelity Bank & Trust (FDIC Certificate # 14382) for more details.
Established in 1910, Fidelity Bank & Trust was originally known as The Luxemburg Savings Bank. The Fidelity Bank & Trust rebrand occurred in 1964 when the main office moved from Luxemburg to Dyersville. Between 2007 and 2019, Fidelity B&T acquired nine northwest Iowa banks. Locally owned and managed, Fidelity B&T is currently the 13th largest bank headquartered in Iowa, with assets in excess of $1.6 billion and nearly 63,000 customer accounts.
How Hometown Hype Checking Compares
Given the multi-state availability, a comparison with nationally available rewards checking accounts is appropriate. When compared to the nationally available High Yield Rewards Checking Accounts tracked by DepositAccounts.com that have maximum qualifying balances of at least $25k, Fidelity Bank & Trust’s Hometown Hype Checking APY currently ranks third.
The above information and rates are accurate as of 9/16/2021.
To search for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.