Mid America Bank & Trust has a very attractive money in the bank deal for consumers in Missouri. The bank has very competitive interest rates for their best checking account:

* 5.55% APY for balances through $25,000
* Deposits above the $25K line gets 1.00% APY
* The base interest rate is 0.10%
* ATM surcharges of as much as $15 every month will be reimbursed

The best interest rates are earned as long as the monthly requirements are met:

* Account holder must complete 10 purchases using the debit card
* Set up at least one ACH auto debit or direct deposit
* Use online banking
* Choose e-statements over paper statements

This best reward checking account can be opened with an initial fund of $20. The bank does not collect any service fees nor does it set any balance requirements. Account holders also get free checks and free access to the online bill payment system.

Interested individuals can complete an online application if you want to open an account. The current interest rates have an old date of posting. The checking account rates may change any time so it will be wise to check the website for the latest numbers. You can call them through 1800-720-7178.

Mid America Bank & Trust has offices in Rolla, St. Robert, and Dixon in Missouri in case the online application does not work for you.

The financial ratings of this bank are a bit weak. Bankrate.com issued the lowest possible grade of 1 star for soundness and safety. BauerFinancial issued 2 stars for performance. These were based on their June 2009 data.

The bank is covered by the FDIC with certificate number 1624.