4.00% Reward Checking Account in New York State (Tioga State Bank)


Update 5/17/09: The top rate has fallen to 4.00% APY.

Tioga State Bank has a reward checking account that pays 4.00% APY on balances up to $25,000 (0.91% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met: 1) 12 debit card purchases, 2) one direct deposit or ACH debit, and 3) receive online E-statements. If these are not met, the rate falls to 0.25%. The minimum opening blance is $25. There are no monthly service charges.

It appears a branch visit is required to open the account. Branches are located in the New York cities of Binghamton, Candor, Spencer, Endwell, Newfield and Owego. The bank has been FDIC insured since 1934 (Certificate # 9410).

Other High Yield Reward Checking Accounts

For other reward checking accounts and for more information on these accounts, please refer to the following posts:

Rate History:
06/03/09: 4.00% APY up to $25K; 0.91% over
05/07/09: 4.00% APY up to $25K
03/27/08: 4.75% APY up to $25K; 1.01% over
Anonymous   |     |   Comment #1
Tioga website seems to be missing the current rate(a link removed by accident?)
Banking Guy
Banking Guy   |     |   Comment #2
I have a feeling it has probably gone down. I've emailed them about this. Thanks.
Anonymous   |     |   Comment #3
As of 6/3/09 the 2nd tier has dropped to 0.91% APY.