4.01% APY current interest rate for reward checking account with Inland Northwest Bank
Residents of Washington and Idaho have a local money in the bank deal they can take advantage of. Inland Northwest Bank offers a high yield reward checking account that ahs the current interest rates:
• 4.01% APY for deposits through $25,000
• 1.01% APY for portions of the deposit above $25K
• Base interest rate of 0.20% given when monthly requirements are not satisfied
The best checking account has the following monthly requirements:
• Complete 12 purchases using the debit card
• Make one electronic withdrawal or deposit
• Opt for electronic statements
Interested consumers can open the checking account for $100. There are no requirements for minimum balance and maintenance fees every cycle.
You need to visit one of their branches to get this checking account. The bank has branches in the Idaho cities of Post Falls, Spirit Lake, and Coeur d’Alene. In Washington you can drop by their offices in Airway Heights, Spokane Valley, and Spokane.
The financial ratings of the bank are a bit weak. Bankrate.com only issued 2 stars for its performance. BauerFinancial stamped their soundness and safety evaluation with 3 stars. These were based on their June 2009 data. Given these ratings, it will be best to stay within the FDIC limits.
Inland Northwestern Bank is covered by the FDIC with certificate number 27601.
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