Rio Bank is offering a reward checking account called e-Checking Plus that pays 3.50% APY on balances up to $25,000 (0.30% for above) if the following monthly requirements are met:
- 10 debit card purchases
- 5 bill payments
- one direct deposit
- receive electronic statements
A branch visit appears to be required to open an account. Branches are located in the South Texas cities of McAllen, McColl, Palmview, San Juan, Jackson and Brownsville. The bank has been FDIC insured since 1985 (FDIC Certificate # 25886).
Other Rewards 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.
Edit 7/03/09: Modified/corrected top rate from 5.51% to 5.50% APY.
01/13/10: 3.50% APY up to $25K (shown on home page)
06/25/08: 5.50% APY up to $25K; 0.30% over; 0.30% base