Citizens First Bank headquartered in Iowa gives their highest interest rates for their reward checking account called Smart e-checking:
5.01% APY for deposits up to $25K
1.25% APY for balances above $25K
If monthly requirements are not met, the bank gives a base interest rate of 0.50%
ATM fees of as much as $25 incurred anywhere in the U.S. is refunded every cycle
The current interest rates of their best checking account can be enjoyed as long as the account holder can satisfy the monthly requirements: make at least 10 purchases using the debit card, complete 2 electronic transactions like bill pay or direct deposit, use online banking, and opt for electronic statements.
Interested consumers can open the checking account for an initial deposit of at least $100. The account gives you access to check writing, touchstone banking, and mobile banking.