Indiana Bank & Trust Company has a high interest checking account coined Maximum Yield Checking. Their best checking account offers the following interest rates given if certain monthly requirements are met:

* 3.01% APY for deposits through $25,000
* Any funds beyond $25K gets 0.10% APY
* 0.10% base interest rates if requirements are not satisfied
* Free use of ATM in any state

Account holders can take advantage of this money in the bank deal if the following: completed 10 purchases using the debit card, use online banking, opt for e-statement, and receive a direct deposit or set up an automatic payment via ACH.

You can open this checking account with an initial funding of $500 as indicated on the application. The bank does not collect any service charges per cycle and do not require any minimum balance. You also get free access to the bank’s bill payment system.

The bank offers this high yield checking account only to residents of Indiana. You can complete an application online or you can go to a branch nearest you. If you apply online, the bank will send you the signature card which you have to send back together with some other documents.

If you are being careful for any dings on your credit score, you need to take note that the bank does a hard credit pull upon application. They clearly state that on the application form. You can contact the bank to inquire about their products and services through 877-626-7000.

Indiana Bank & Trust Company has offices spread across the state particularly in Indianapolis, Seymour, Salem, Osgood, North Vernon, Madison, Hope, Greensburg, Columbus, Brownstown, Batesville, and Austin.

The bank has some good ratings. Bankrate.com gives it 3 stars for its performance while BauerFinancial issued 3 ½ stars for soundness and safety. These were based on their June and September 2009 data. It is registered with the FDIC covered under certificate number 28285.