This Bank offers a reward checking account with the following:
More than $500, less than 50k: 2.00%
Over 50k: 0.25%
QUOTE
* This is a variable rate account; the interest rate and APY may change at any time after account is opened. Minimum balance to open this account is $10. A $10 monthly service charge will be assessed if your daily minimum balance falls below $500. Available on personal accounts only. To qualify to earn the bonus rate of interest, you must meet the following each statement cycle: 1) perform at least 10 Institution for Savings Visa Debit Card purchases from this account (transactions done at ATMs do not qualify); 2) have at least 1 direct deposit to this account; 3) pay at least 3 bills monthly from this account using our Bill Pay; 4) agree to receive your monthly account statement electronically; and 5) maintain a $500 minimum daily balance. The maximum allowed in the bonus Checking account is $50,000. Available funds in excess of $50,000 will be automatically swept into a companion checking account and will be paid a variable interest rate which will be less than interest paid on the Bonus Checking. When account conditions are not met, this same rate will apply and foreign ATM fees will not be refunded for that statement cycle. Fees may reduce earnings. ATM surcharge refunds apply to non-IFS ATM fees and other non-proprietary ATM surcharges for domestic banks only with a maximum refund amount of $20.00 per statement cycle.
http://www.instituti...s.html#checking 12/25/08
