Coulee Bank Free Rewards Checking at 5.01%APY

Want a checking account that provides free rewards and a great rate? Coulee Bank is offering a Free Rewards Checking at 5.01%APY with no monthly fees and no minimum balance requirement. However, you must make a deposit of $50 to open this account.

Coulee Bank’s Free Rewards Checking lets you earn 5.01%APY on balances of $0-$25,000. Plus, ATM fees will be reimbursed up to $20 per month. Checking account balances of over $25,000 earns 1.01%APY.

You must meet 3 basic requirements to qualify.

1. You must make at least 10 debit card purchases per statement cycle;
2. You must receive eStatements; and
3. You must set-up one direct deposit or one automatic debit per month.

Failure to meet all the above requirements will only allow you to earn the standard rate of 0.30%APY. In addition, you will not be entitled to refunds of ATM fees incurred during the month.

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Tags: free rewards checking