Top Reward Checking Rates Back To 4 Percent

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Randolph Bank’s run at the top of our rankings of the best nationally available high-yield checking accounts didn’t last long.

“Due to overwhelming volume, we have restricted our Extra-Mile Choice high interest checking account to residents in North Carolina only,” the bank says in a new notice on its Web site.

We’re gratified that savers who have already signed up will continue to earn the exceptionally good 4.75% APY Randolph is paying on balances up to $25,000.

But anyone looking for a high-yield or reward checking account this morning will have to settle for a considerably lower rate from our new leaders.

You can earn 4.01% APY on balances up to:

$25,000 with My Great Rate Checking from First Clover Leaf Bank, with three branches in Edwardsville, Ill., and one in Wood River — all just across the river from St. Louis.

$25,000 in the Free Rewards checking account from Danversbank, which has 30 branches in the Boston area.

$10,000 with a Smart Checking account at Capital Bank, which has 32 branches in North Carolina.

You can earn 4.00% APY on balances up to:

$10,000 in a Reward Checking account from AmericaNet Bank and Evantage Bank, two online banks owned by the same Oklahoma banking family.

These banks have the most lenient requirements to earn your rewards. You need to make 10 check card sales transactions per month and receive your statements electronically. That’s it.

If you’re unfamiliar with how these accounts work, “The ABCs of High-Yield Checking Accounts” will explain all of the rules.

All of the accounts in our rankings are open to savers in all 50 states and can be opened online.




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