First Community Bank 4.01% Rewards Checking Account
First Community Bank is offering a rewards online checking account with a 4.01% APY on balances up to $25,000 and 1.01% APY on balances over $25,000. If you don’t meet the monthly requirements the rate falls to 0.5% APY.
In order to get the premium rates you need to make 12 debit card purchases a month, get 1 direct deposit a month, and enroll in e-statements. The minimum deposit is $100 but there’s no minimum balance requirement and no monthly fees. You can also get up to $15 in ATM refunded per month.
This account is available nationally, but you need to call them and have them mail you the application. The application needs to be filled out, signed, and notarized in order to open an account. If you’d like to open an account in person branches of First Community Bank are located in Texas.
First Community Bank has a 3 out of 5 star rating from bankrate and is FDIC insured.