Randolph Bank and Trust Company is pushing for a competitive rewards checking account which yields one of the highest APY’s in the market. This money in the bank deal and by far the best checking account you’ll find in NC. The good news is that it’s also offered nationwide.

For balances that reach the $25,000 cap, you get to earn %4.75 APY. The benefits don’t stop there, as you continue to yield a 1% APY for balances that go beyond the $25,000 mark. If you want to take advantage of these rates, just look for the Extra-Mile Choice Checking Account. Of course, you’ll have to meet certain requirements to benefit from these rates. Otherwise, your account’s APY falls back to the 0.10% floor rate.

This checking account allows you to withdraw your money from numerous ATM machines across the USA. To qualify for the high yields, you need to make 12 debit purchases every month, each costing a minimum of $5 each, agree to an electronic banking statement, and make either one direct deposit, bill payment, or Auto Draft through the bank within that same month.

Among what makes this the best reward checking account today is its low opening deposit (only $100). The account also has no minimum balance, and no service charges per month. Even if you’re not in NC, you can still open the account as long as you mail the bank the necessary documents. According to their customer service representatives, customers should be able to open their accounts online in the next two or three months.

If you’re already in North Carolina, you should pay their branches a visit. You’ll find ones in Mebane, Randleman, Burlington and Asheboro. The bank’s overall performance seems satisfactory. It scored 3 ½ stars from BauerFinancial and 3 stars from Bankrate.com. Since 1978, it has been insured by FDIC under FDIC Certificate #22746.