Texas based First National Bank of Trenton is encouraging consumers to take advantage of their high interest checking account that gives as much as 4.34% APY for balances through $35,000.

The current interest rates for the reward checking account program are the following:

Portions of the deposit above the $35K ceiling gets 1.26% APY
The base rate for this money in the bank deal is 0.10% in case requirements are not met
$30 of incurred ATM fees will be reimbursed every cycle

Account holders can enjoy the high interest rate if the monthly requirements are satisfied:

Account holder must make 10 purchases using check card at point of sale
Must complete an ACH debit or deposit per cycle
Utilize online banking
Opt for electronic statements

The best reward checking account of the bank requires at least $25 to open. The first 50 checks are on the bank. There is no balance requirement and no monthly service fees.

Unlike other banks, First National Bank of Trenton does not give any grace period for meeting the monthly requirements. The best way to go about it so you can enjoy the best interest rate is to open an account a day after a cycle so you have time to complete the purchases and ACH setup.

There is an online application for interested consumers but according to their customer service, the bank requires a branch visit to open an account. They have several offices in Texas specifically in Trenton, Farmersville, Melissa, Leonard, and Bonham.

The bank has an average rating in terms of its performance. Bankrate.com issued 4 stars for soundness and safety based on their March 2009 data. BauerFinancial gave 3 stars using their June 2009 figures.

First National Bank of Trenton is covered by the FDIC with certificate number 5558.