PriorityOne Bank invites consumers to take advantage of their rewards checking account that offers the best interest rates given that certain monthly requirements are met:

• Earn 3.50% APY for balances through $25,000
• Earn 0.50% APY for portions of the deposit over $25,000
• Base interest rate is 0.10% if the monthly requirements are not met
• Bank gives ATM fees incurred nationwide

In order to enjoy all the benefits of their high interest checking account, the account holder must be able to do the following every month:

• Complete 10 purchases using the debit card
• Make at least one direct deposit, bill payment, or automatic payment
• Use online banking
• Opt for electronic statements over paper statements

Interested individuals can open an account for a minimum deposit of $50. The bank does not collect any monthly service fees and they do not impose any balance requirements. They also give you a free access to their online bills payment system. Another interest checking bonus is that you can get a $25 for surrendering debit cards and checks from your old bank.

This offer is only good for the local market area of the bank in Mississippi. You need to drop by a branch to open this checking account. The bank has offices spread across the state particularly in Morton, Mendenhall, Magee, Pelahatchie, Pearl, Richland, Brandon, Hattiesburg, Seminary, and Collins.

The financial ratings of PriorityOne are quite strong. Bankrate.com issued 4 stars for its performance while BauerFinancial stamped their soundness and safety report with 5 stars. These ratings were based on their September 2009 data.

PriorityOne Bank is covered by the FDIC since 1975 through certificate number 21906.