High-Yield Reward Checking Account at First Nebraska Bank - Local Only


First Nebraska Bank is offering a high-yield reward checking account called Real Checking. The account has the following rates and features if certain monthly requirements are met:

  • 3.00% APY on balances up to $25,000
  • 0.50% APY on portion of balance over $25,000
  • 0.25% on all balances if requirements are not met
  • ATM fee refunds nationwide up to $25 per cycle

The monthly requirements include:

  • 10 Visa check card purchases
  • One direct deposit or automatic payment
  • Receive electronic statements

Additional features of the account regardless of the monthly requirements include:

  • $25 minimum initial deposit
  • No minimum balance requirements
  • No monthly service charge
  • Multiple accounts can be opened, but requirements must be met for each to earn the top rate

There's an online application at the bank's micro-website. However, the application states that you are expected to come into a branch to complete the application process.

Branches are located in the Nebraska cities of Arcadia, Brainard, Columbus, Decatur, Emerson, Stanton and Valley.

The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 6/30/09 data) and 5 stars (superior) at Bankrate.com (based on 3/31/09 data). First Nebraska Bank has been a FDIC member since 1934 (FDIC Certificate # 12248).

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:

  • 02/01/11: 3.00% APY up to $25K
  • 07/07/10: 4.00% APY up to $25K
  • 10/05/09: 5.00% APY up to $25K; 0.50% over; 0.25% base
Related Pages: First Nebraska Bank, Sioux City, Omaha, Lincoln, checking account, reward checking account

  |     |   Comment #1
This bank operates in a weird way. A month and a half after I opened my account, they closed it without notice because I made a ACH transaction that made my balance zero (not overdraft). This was weird because the account was a 'no minimum balance account', and so a zero balance should be okay. I called them and explained that I never asked for a closure. So they reopened it, but after a week I get a call stating that they are closing it again because they don't see any big dollar transactions in the 1.5 months that it was open and apparently because I was 'verbal' on the phone when I had complained about my account being closed without notice. Very weird. Perhaps they want only rich customers. Well, I am doing okay with a 5 figure salary, its just that I decided to wait before entrusting my money to them. So they probably assumed that I am broke. Another possibility is that they might be racist -- looking for just white customers. I am saying this because the vice president seemed to habitually mispronounce and fumble my name a number of times without attempting to actually give it a try to read it right. Overall, a suspect bank, with a suspect management. Stay away. 

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.