3.21% Reward Checking Account at a Colorado Bank (Home State) read and submit comments for this post

Update 7/04/09: The top yield has fallen to 3.21% APY for up to $25K. Refer to the bottom of the post for the rate history.

Home State Bank is offering the Hometown Rewards Checking which pays 3.21% APY for balances from $10 to $25K (1.01% over) and refunds ATM fees when the following monthly requirements are met: 1) 10 check card purchases, 2) direct deposit or automatic withdrawal, and 3) receive electronic statements. If these requirements are not met, the rate falls to 0.10%. The minimum opening deposit is $50. There is no minimum balance requirements or monthly fees regardless of meeting the above requirements.

It appears that the bank requires a branch visit to open the account. Branches are located in the Colorado cities of Berthoud, Loveland, Fort Collins and Windsor. The bank is FDIC insured (FDIC Certificate # 16902).

Other Reward Checking Accounts

For other reward checking accounts in other parts of the country, please see my reward checking account page and my best checking account post.

Rate History:
07/01/09: 3.21% APY $10-$25K
06/17/09: 3.45% APY $10-$25K
12/31/08: 3.45% APY
05/09/08: 4.56% APY up to $25K
08/21/07: 6.01% APY