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
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.
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