3.22% Reward Checking Account at Crow River Bank in Minnesota


Update 7/18/09: The top yield has fallen to 3.22% APY. Refer to the bottom of the post for the rate history.

Crow River Bank is offering a reward checking account called EZ Reward Checking which pays 3.22% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees up to $5 per item for a maximum of $25 per cycle if the following monthly requirements are met:
  • 10 debit card purchases
  • one direct deposit or ACH debit
  • receive electronic statements
  • access internet banking
If these are not met, the rate falls to 0.15%. There are no minimum balance requirements and no monthly service fees. The bank does not allow customers to open multiple accounts. So you can't extend the high yield to larger balances.

There's an online application. However, I contacted the bank, and the banking rep said you have to come into a branch to open this checking account if you do not currently have an account. Branches are located in Delano and Mound, Minnesota which are about 15 miles west Minneapolis.

The bank has been FDIC insured since 1982 (FDIC Certificate # 23986).

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:
07/14/09: 3.22% APY up to $25K; 0.50% over $25K; 0.15% if requirements not met
01/17/09: 4.12% APY up to $25K; 0.75% over $25K; 0.25% if requirements not met
12/05/08: 5.22% APY up to $25K; 1.36% over $25K; 0.50% if requirements not met
Related Pages: Minnesota Lakes Bank, Minneapolis, checking account, reward checking account

  |     |   Comment #1
this bank is about 3 blocks from my home! I have been with them for a few years...they usually have pretty good deals. I also found a deal on a website http://www.bankvibe.com about a free 50 bucks for opening a bank of america checking account with only 100 bucks. Do you know anything about that?

here's the link:
  |     |   Comment #2
The newest lower rates are: 4.12% APY up to $25K;0.75% over $25K, 0.25% if requirements not met.

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