Bank of The Sierra is offering one of the best reward checking account yields available today. The current annual percentage yield is 4.51% for checking account balances of up to $25,000 and a 1.01% APY for account balances above $25,000. 

As with all high yield checking accounts, there is a certain number of monthly transactions that have to be done every month to qualify for the high yield.

The 4.51% APY checking account is higher than current CD rates and online savings account rates but if you don’t meet the monthly qualifications per statement cycle the account APY is only .12%. The bank will also reimburse up to $25.00 in ATM fees per statement cycle. Reward checking accounts can be opened with only a $50 minimum deposit.  

The minimum requirements on the Bank of The Sierra account include the following:

• The checking account must be opened online
• You must receive monthly checking account statements electronically
• you must make one online bill payment per statement cycle
• you are required to make one direct deposit or automatic payment per statement cycle
• have a minimum of 12 check card purchases per statement cycle.

Bank of The Sierra Rewards Checking Account