First City Bank headquartered in Florida still offers their best reward checking account. The checking account interest rates have fallen but they remain to be very competitive. The current interest rate is 3.01% APY for deposits through $25,000 and 1.25% APY for anything above that cap.

This best reward checking account also refunds ATM fees of as much as $25 per cycle if you meet certain monthly requirements. Every month, you need to complete 10 transactions at point of sale using your check card, enroll for online banking, and have a direct deposit or at least one ACH debit.

The best checking account interest rates fall to 0.10% if you do not meet the monthly requirements.

Interested individuals can open an account for as low as $100. First City Bank does not collect any monthly fees and they take care of the first order of checks so you don’t have to pay for them.

Other perks with the account are the usual free stuffs like direct deposit, online bills payment, online banking, and telephone banking. It also comes with free notary service and one consultation session about wealth management.

It seems this money in the bank deal is offered nationwide. There is an online application that you can use. All you have to do is give some basic information then the bank will mail to you a packet including a signature card which you need to complete and send back to them.

Another option if you want to open an account is by visiting one of their branches. They have offices in Fort Walton Beach, Destin, and Mary Esther in Florida. You can also give the bank a call through their toll free number 888-244-5151.

It will be best to ask for any fees which may affect the earnings of your deposits. The interest rates that we have here are still posted on their website as of February 11 but they can be changed any time without notice.

First City Bank is covered by the FDIC with certificate number 16748.