The QNB Bank headquartered in Pennsylvania offers a great money in the bank deal through their eRewards Checking, their best checking account which gives the following interest rates if the monthly requirements are satisfied:

3.25% for balances through $25,000
Funds above the $25K line gets 1.01% APY
The base rate is at 0.15% APY given if the requirements are not met
Incurred ATM fees of as much $25 are refunded every cycle

Account holders can make most of the highest checking account rates if every month the following requirements are met:

Complete 12 transactions using the checking card
make a direct deposit or perform an ACH transaction
choose e-statements over printed statements

This checking account only needs $25 of initial deposit. According to the bank, they do not collect any service fees every month and they do not set a minimum for balance requirements. Having the checking account also gives account holders access to the bills payment service over the internet.

Interested consumers can apply for an account online. It seems that this is a local money in the bank deal in Pennsylvania since you will be asked for your zip code. The system rejects any zip code which is outside their market coverage.

QNB Bank has branches in Quakertown, Pennsylvania and proximate towns.

Based on their June 2009 financial records, Bankrate.com issued 4 stars when they reviewed the bank’s performance. BauerFinancial gave 3 stars for QNB’s safety and soundness.

The bank is a member of the FDIC.