The First State Bank continues to offer 4.00% APY (as of 8/24/10) on its Diamond Reward Checking Account. The rate applies to balances up to $25K if the typical reward checking requirements are met. The rate is the same as when I reviewed this account in November 2009. One thing that I just found out from the bank is that any Texas resident can apply for this account. The online application is available at the bank's Diamond Reward Checking page.
Another good deal for those in Texas continues at ViewPoint Bank. The bank is still offering 4.00% APY on balances up to $50K (see review). This used to be available nationwide, but in late July, the bank started to limit applications to just the state of Texas. If you can get through the difficult application process and if you could avoid the gotchas, ViewPoint's Absolute Checking is a very good deal since the 4.00% APY applies to balances up to $50K instead of the more typical $25K.
Some Texas residents might have access to rates even higher than 4.00% if you live near the right bank or credit union. Two examples as of 8/24/10 include the 5.01% APY reward checking account at Texas Citizens Bank in Houston (see review) and the 4.51% APY reward checking account at NavyArmy Federal Credit Union in Corpus Christi (see review). To find other good deals on reward checking accounts in Texas, please refer to the Texas reward checking accounts section at DepositAccounts.com.
High-Interest Reward Checking Accounts Outside of Texas
To find reward checking accounts in your state or that are available nationwide, please refer to the reward checking section of DepositAccounts.com.