First Security & Trust is located in Iowa and is offering a great 4.01% APY on their rewards checking account. The bank allows national accounts and they offer nation wide ATM refunds. To open the account there is a $100 initial deposit. This account is great because there is no service charge or minimum balance requirements. And account holders can also do online payments for free – which is very convenient. Features of the rewards checking account are as follows:
- For any balance under $25K the 4.01% APY applies
- For balances over $25K – 1.00% APY applies
- If monthly requirements are not met the account reverts to 0.40% APY base rate
To qualify for the rewards checking account the monthly requirements are:
- Must receive eStatements
- 10 purchase transactions
- 1 direct deposit or ACH debit
For consumers concerned about insurance – First Security & Trust is FDIC insured (#1852).
Check out other great Rates on Go Banking Rates.
