The Center National Bank headquartered in Minnesota offers a high yield checking account called Centers Rewards Checking. This money in the bank deal has the following interest rates as of last week given that the monthly requirements are satisfied:

• 4.11% APY for deposits through $25,000
• 1.01% APY for portions of the deposit above $25,000
• 0.25% base interest rate if the monthly requirements are not sufficed
• Unlimited refunds for ATM fees incurred nationwide

This best reward checking account has the following requirements:

• Use the debit card for at least 10 purchases
• Set up a direct deposit or an automatic payment via ACH
• Opt to receive electronic statements

The best checking account does not impose any monthly balance or monthly maintenance charges. It also does not have a requirement for minimum deposit when opening the account.

According to the customer service representative, it has been almost a year since Center National Bank offered this reward checking account. The 4.11% APY best interest rate was offered since the start but again this can be changed any time.

Interested individuals can open an account online but you still need to drop by one of their branches for signature verification and ID. The bank has offices in Plymouth and Litchfield in Minnesota.

The bank has some strong financial ratings. Bankrate.com issued 4 stars for the bank\s performance while BauerFinancial stamped their report with 5 stars for soundness and safety. These were based on their September 2009 collected data.

Center National Bank is covered by the FDIC with certificate number 10976.