3.00% Reward Checking Account at Reliance Bank in Pennsylvania


Update 4/18/09: The top yield has fallen to 3.00% APY. Refer to the bottom of the post for the rate history.

Reliance Bank is offering a reward checking account that pays 3.00% APY on balances up to $50,000 (1.01% for above) and refunds ATM fees up to $25 per month if the following monthly requirements are met:
  • 12 Visa check card purchases
  • one direct deposit or ACH debit
  • receive electronic statements
If these are not met, the rate falls to 0.10%. The minimum initial deposit is $50. There are no monthly maintenance fees.

There's an online application at this website, but the application states that you must come into a branch to complete the application process.

Branches are located in the Pennsylvania cities of Altoona, Hollidaysburg, State College, Tyrone and Duncansville. The bank has been FDIC insured since 1940 (FDIC Certificate # 30117).

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:
04/10/09: 3.00% APY up to $50K
01/24/09: 3.50% APY up to $50K
09/14/08: 4.01% APY up to $50K; 1.01% over; 0.10% if requirements not met
Anonymous   |     |   Comment #1
Top rate has fallen to 3.50% APY. Other rates remain same.