MB Financial Bank is pushing for their best checking account called MB Red Checking account. This money in the bank deal lets you earn an interest rate of 4.00% APY for balances up to $10,000. Portion of the balance beyond $10,000 will earn you an interest rate of 0.25% APY. Aside from the best interest rates, you can also refund ATM surcharges of up to $5 when you maintain a balance of $5,000 and meet the following requirements:

• make at least 15 debit card purchases at the point of sale
• make at least 1 automatic ACH payment of $250 and above or direct deposit per statement cycle
• subscribe to electronic bank statement

In case you do not meet the banks prerequisites, you will not be able to refund ATM fee plus you will only earn an interest rate of 0.05% APY. You need to deposit a minimum of $50 to open an account. You also need to maintain a monthly balance of $2,000 to avoid $11.95 monthly service fee. You get to earn point reward system every time you use your debit card. You can also setup bill payment using online banking.

This best checking account is open to individuals who live in the state of Pennsylvania, Indiana, and Illinois. You can also call customer service if you have questions or concerns thru 888-422-6562.

MB Financial Bank is insured by the FDIC with certificate number 3628.