Bank Iowa in Oskaloosa with 6.01% APY for their Best Reward Checking Account
The Bank of Iowa in Oskaloosa encourages its consumers to reap the benefits of their best reward checking account that yields 6.01% APY for balances through$25000 and 2% for the amounts above the cap.
The account also refunds ATM fees up to $3 per transaction given that the account holder opts for electronic statements, make a direct deposit or ACH automatic debit, and complete at least 10 transactions using the signature based debit card. The rate drops to 0.10% if these conditions are not met.
The checking account requires a minimum deposit of $100 to open the account. It does not impose monthly service charges nor does it require a minimum balance every month.
It appears thought that the bank only offers this to their local market in Fremont and Oskaloosa, Iowa and the nearby localities.
The Bank Iowa in Oskaloosa operates under the umbrella of the Bank Iowa Corporation. It’s a company that consists of around 25 independent banks situated across Iowa. Decisions are made locally since the banks operate as a community bank offering the services of the big financial corporation.
The Bank Iowa in Oskaloosa is FDIC insured with certificate # 11354.
You can be earning hundreds or even thousands of dollars a year in CD investments, money market, and cash back credit cards. Subscribe to our free newsletter below to learn how to maximize your rewards, improve your credit, and make money!
Check out the best rates on short term deposits at big banks versus those at select community banks from CheckingFinder.com. Community banks continue to offer higher yields on short term deposits to serve as economic engines.
COMMUNITY BANKS
Florida Central Credit Union 6.01 FL
First Robinson Savings Bank 6.01 IL
Union State Bank/Bank of Atchison 6.01 KS
Communications Federal Credit Union 5.25 OK
Connexus Credit Union 5.15 WI
Keystone Bank 5.15 AL
First New England Federal Credit Union 5.15 CT
Three Rivers FCU 5.01 IN
Legence Bank 5.01 IL
Community Bank of Pleasant Hill 5.01 MO
Community Bank of Raymore 5.01 MO
United Heritage Credit Union 5.01 TX
MEGA BANKS
• ING decreased their highest rate offered by 25 basis points, from a 2.50% APY on a 1 year CD to a 2.25% APY on a 4 year CD.
• Schwab decreased their 18 month CD rate by 15 basis points, from a 2.65% to 2.50% APY.
• E*Trade decreased their 5 year CD rate by 30 basis points, from a 1.70% to 1.40% APY.
• E-Loan increased their 6 year CD rate by 50 basis points, from a 3.50% to 3.70% APY
• Washington Mutual decreased their 5 year CD rate by 50 basis points, from a 3.00% to 2.50% APY.
• AARP Financial Savings Center decreased their savings rate by 50 basis points, from a 2.00% to 1.50% APY.
• Wachovia increased their 17 month CD rate by 15 basis points, from a 1.85% to 2.00% APY.
• E-Loan currently has the highest rate at 3.70% APY on a 6 year CD.
• E*Trade currently has the highest savings rate at 3.01% APY.
Courtesy of BancVue.
Comment by Erik — February 4, 2009 @ 12:56 pm