First Nebraska Bank is offering a highly competitive 5.00% APY on its Real Checking Account. If the account’s requirements are met, you can receive the follow rate tiers:
- 5.00% APY on balances up to $25,000
- 0.50% APY on balances over $25,000
- 0.25% APY if requirements are not met
- ATM refunds nationwide up to $25 per cycle
The account’s monthly requirements include:
- 10 Visa debit card purchases
- 1 direct deposit or ACH payment
- Receive electronic statements
Some other features of the account include a $25 minimum opening deposit, no minimum balance requirements, and no monthly service charge. Also, you can open multiple accounts as long as you make sure to qualify for the top tier in all of them.
While you can apply online for an account with the bank, you must stop into a branch location to complete the application process. Branches are located in the cities of Arcadia, Brainard, Columbus, Decatur, Emerson, Stanton, and Valley in Nebraska.
Other Terms and Conditions may apply to this offer – please contact the financial institution to review.
This bank operates in a weird way. A month and a half after I opened my account, they closed it without notice because I made a ACH transaction that made my balance zero (not overdraft). This was weird because the account was a ‘no minimum balance account’, and so a zero balance should be okay. I called them and explained that I never asked for a closure. So they reopened it, but after a week I get a call stating that they are closing it again because they don’t see any big dollar transactions in the 1.5 months that it was open and apparently because I was ‘verbal’ on the phone when I had complained about my account being closed without notice. Very weird. Perhaps they want only rich customers. Well, I am doing okay with a 5 figure salary, its just that I decided to wait before entrusting my money to them. So they probably assumed that I am broke. Another possibility is that they might be racist — looking for just white customers. I am saying this because the vice president seemed to habitually mispronounce and fumble my name a number of times without attempting to actually give it a try to read it right. Overall, a suspect bank, with a suspect management. Stay away.