Arizona Best Reward Checking account with Bank 1440 earns 5.01% APY

The Bank 1440 offers their best checking account which earns 5.01% APY for balances through $25,000. The program called Optimum Checking gives 2.01% APY for portions above the set cap of $25K.

The account also reimburses ATM fees as long as monthly requirements are met by the checking account holder. The consumer must make at least 10 purchases using the debit card. The bank also requires that a direct deposit be made and automatic payment be set up to recur on a monthly basis. The account holder should also opt for electronic statements.

The interest rates drop to 0.10% APY if the above requirements are not met. Interested individuals can open an account for as low as $100. The bank does not require a minimum balance.

Bank 1440 is a relatively new bank established in June 2007. BauerFinancial and have not released a review about the performance of the bank yet. It is covered by the FDIC through certificate # 58460.

By the way, the bank’s name stands for the number of minutes per day.

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Posted on 27th July 2009 by admin in Reward Checking Accounts


  1. This bank requires a branch visit to open an account.

    Comment by Howard — August 12, 2009 @ 5:08 pm

  2. Nice post . keep up the good work It’s the strangest thing wherever you see - industries in recession are trying to get more customers by paring their prices - take your pick - hotel rates, airplanes and cruises - everyone is open to negotiating for discounts.

    Comment by Mariam Mccourtney — August 5, 2010 @ 11:28 pm

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