Bank of Agriculture and Commerce headquartered in California is pushing for their best reward checking account called Ultimate Checking. This best checking account offers the following interest rates:

• 3.09% APY for funds through $25,000
• Regular checking account rate for deposits above $25,000
• Regular checking account rate if the account fails to meet the monthly requirements
• ATM reimbursement of up to $2 every transaction

The benefits of this reward checking account can be enjoyed if you meet the following requirements:

• Make 10 purchases using the debit card
• Set up a direct deposit
• Pay a bill online
• Log in to online banking
• Opt for electronic statements over traditional paper statements

This money in the bank deal requires an initial deposit of at least $100. You do not have to worry about maintaining a certain daily balance or any monthly service charges. The first order of your checks is also on the bank.

Interested individuals can complete an application online. The form though says that this checking account offers is only good for residents of Contra Costa, Stanislaus, and San Joaquin which are counties of the state of California.

The interest rates being offered by the bank is a bit low compared to its competition. Most banks also do not have bills payment as a requirement. On the positive note though, they add another option for consumers who want to have a good investment for the future. There are not many credit unions and banks in California which offer reward checking accounts.

The bank has offices in the different cities of California particularly in Modesto, Lodi, Discovery Bay, Oakley, Concord, Brentwood, Antioch, and Stockton.

The financial ratings of the bank are impressive with both bankrate.com and BauerFinancial giving it 4 stars for performance, soundness, and safety.

The bank is covered by the FDIC with certificate number 19434.