Sonoran Bank N.A. headquartered in Arizona has a high yield checking account with the following current interest rates gained when monthly requirements are satisfied:

* 5.03% APY for balances through $30,000
* Deposits above the $30K line gets 1.25% APY
* Base interest rate is 0.01 given when requirements are not met
* ATM surcharges nationwide are refunded every month

You can enjoy the highest interest rates of this reward checking account if you make at least 12 purchases using the debit card, receive a direct deposit or set up an automatic payment via ACH, and receive electronic statement.

Interested consumers can open the account with an initial deposit of at least $100. There are service fees and minimum balance requirements to worry about.

You can tandem this high interest checking account with a high yield savings account which gives 3.01% APY on all balances as long as you meet the requirements of the checking account.

An application can be started online. You will be required to visit a branch to complete the process. You can contact the bank through 602-393-6950 if you have any inquiries

Sonoran Bank N.A. is a one-office bank with its headquarter in Phoenix Arizona. The bank is indexed with the FDIC since 2006 covered by certificate number 58252.

Bankrate.com and BauerFinancial issued 3 stars for their review of the bank’s performance, soundness, and safety. These evaluations were based on their June and September 2009 data.