First Clover Leaf Bank is pushing for their high yield checking account with current interest rates of 4.01% APY. The money in the bank deal called My Great Rate Checking is offered nationwide except in the state of Nevada. This checking account has been on the bank’s great checking account offerings since 2008.

The best checking account yields the following interest rates:

· 4.01% Annual Percentage Yield on balances through $25,000

· 0.50% APY on funds above the $25K line

· 0.25% base interest rate if the account holder does not suffice the monthly requirements

· Bank refunds ATM fees incurred anywhere in the U.S.

This reward checking account with First Clover Leaf has the following monthly requirements:

· The account holder must complete 10 purchases using the debit card

· Make an ACH debit or a direct deposit

· 3 bills payment transaction online

· Opt for electronic statements.

The bank does not collect any monthly fees nor does it require any minimum monthly balance requirements.

Interested consumers should take note of the bills payment requirements which are often not a separate condition with most banks. If you have questions with regard to this checking account, you may contact First Clover Leaf through 618-656-6122. An application is also available online on the promo page of this reward checking account.

We are not sure why there is an exclusion for Nevada residents from this bank deal but the application states that it is because of some Nevada laws. We tried to contact the bank but the CSR cannot expound on the restriction.

Before signing up for anything, make sure you have the most up to date interest rates since this can be changed by the bank any time. Remember that small banks often close these offers especially when they get a ton of applicants.

First Clover Leaf Bank based in Illinois has 82 employees and a declared amount of deposits reaching $437 million. The bank is listed with the FDIC with certificate number 30330.