Synergy Bank is pushing for a high yield reward checking account called Kasasa Cash. This best checking account has the following current interest rates given that the account holder fulfills certain monthly requirements:

• 3.80% APY for balances through $25,000
• 0.80% APY for portions of the deposit above $25K
• Base interest rate of 0.10% if the monthly requirements are not sufficed
• Unlimited refunding of ATM fees incurred nationwide

You will be able to enjoy the best interest rates above if you are able to satisfy the following requirements every month:

• Complete at least 12 purchases using the debit card
• Make an automatic payment via ACH or set up at least one direct deposit
• Opt for electronic statements

Interested individuals can open an account with an initial deposit of$100. The bank does not require any minimum balance nor do they collect service fees.

The bank offers Kasasa Saver in tandem with the Kasasa Cash. This offer is good for those with deposits more than $25K. You can earn as much as 1.80% APY for balances through $25K, 0.80% APY for funds over the $25K line, base rate is 0.10%. You also need to meet monthly requirements to enjoy these best interest rates.

You can use the online application that you can find on Kasasa.com. It seems though that this deal is only good for Louisiana residents since only zip codes from that place are accepted by the system. It took zip codes from Shreveport (71101), New Orleans (70141, and Baton Rouge (70801).

Synergy Bank has branches in Gray and Houma, Louisiana.

The financial ratings of the bank are quire strong. BauerFinancial issued a 4-star report for its soundness and safety based on their December 2009 data. Bankrate.com stamped their performance report with 5 stars.
Synergy Bank is covered by the FDIC with certificate number 34978.