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

HSBC is offering a checking account bonus gift for opening a business checking account. The checking bonus can be either a Dell Mini 10v Notebook, a $150 Staples gift card or 30,000 credit card rewards points.

There are several requirements that have to be met to receive the checking account bonus. Only new business checking account customers are eligible and you have to open either an ExtraVantage Checking for Business, BusinessSmart for Professionals, or Business Direct from HSBC checking account by November 13, 2009.

You also have to open an HSBC Debit MasterCard BusinessCard with PayPass and make three purchase transactions within 45 days of opening the account.

The last requirement is you must also apply and be approved for an HSBC MasterCard BusinessCard Card and enroll in Rewards program by November 13, 2009.

HSBC Business Checking Account Bonus Offer

Chase Bank is continuing their $100 checking account bonus. The current offer is valid from September 8, 2009 until October 16, 2009. To qualify for the bonus you must open a new Chase Checking Account with a $100 minimum deposit of new money (money not currently held by Chase or its affiliates).

Within 60 days of account opening you must initiate a monthly direct deposit which includes payroll, pension, Social Security or other government benefits, or make five debit card purchases. The bonus will be automatically deposited into your new checking account within 10 business days after the initial direct deposit or five debit card purchases have posted to your account.

The Bonus is not considered part of minimum opening deposit. There is a limit of one checking account-related reward/premium per customer, per calendar year. This $100 checking bonus offer is not available to existing Chase checking customers.

You can receive the $100 checking coupon by email here. Chase Bank $100 checking account bonus.

GreenBank of Greeneville, Tennessee, is offering a promotional bonus of $100 for opening a checking account. The $100 bonus is in the form of a Visa gift card.

You will receive the Visa gift card within four to six weeks after completing all the requirements (transactions) on the checking account.

The offer is only valid to new customers who don’t already have a checking account with GreenBank. This offer is for both personal checking accounts and business checking accounts.

To qualify for the personal checking account bonus offer you must do two direct deposit transactions of at least $100 each within 60 days of account opening.

To qualify for the business checking account bonus offer you must do one Business Check Card purchase and one online Bill Pay of at least $100 within 45 days of account opening. You’ll need this checking rewards code number 25DF502EE847. Looking for CD Rates? MonitorBankRates.com has CD rate tables you can use to serach for the best CD rates.

GreenBank Checking Account $100 Bonus Offer

Citibank is offering a $100 special promotional bonus for opening a checking account with a minimum deposit of $1,000. You’ll also have to do one of the following account transactions within the first month of opening your account to receive the $100 checking promo bonus.

You have to either make at least one monthly direct deposit into your checking account or two electronic bill payments each month from your checking account or five or more qualifying non-PIN debit card purchase transactions each month and continue doing so for three consecutive months and the $100 is deposited into your account.

“Non-PIN” transactions are using your debit card as a credit card which will give Citibank a higher fee from the merchant than a debit card would.

The offer isn’t valid for existing Citibank customers and you must be 18 or over. You have to open regular checking account in a Citibank Account, Citibank Everything Counts or Citigold account relationship package by 09/30/2009.  When you open the account mention offer code CE1Q

CitiBank $100 Checking Account Promo

Heartland Community Bank of Bryant, Arkansas if offering a rewards checking account that currently has an annual percentage yield of 4.02% on balances of $0 to $30,000.

Checking account balances over $30,000 receive an annual percentage yield (APY) of 1.31%, still not a bad rate for a checking account. Accounts can be opened online.

Since Heartland Community Bank’s Interest Plus Checking Account is a rewards checking account there is a certain number of requirements that need to met each month to qualify for the high interest checking rate.

If you don’t meet the requirements in a cycle (month) the APY on the checking account is only .30% for that cycle. You can get back on track the following month to earn the high yield. Any ATM fees that you pay other banks are refunded to you if you meet the requirements.

Monthly rewards checking account requirements:

There is a minimum opening balance of $100. There are no monthly fees on the account. The interest rate is as of April 15, 2009 but can change at anytime.

Heartland Community Bank also offers competitive CD rates and mortgage rates, including jumbo mortgage rates, conventional mortgage rates, FHA mortgages and VA mortgages.

Finding the right checking account for your needs while also receiving the best checking account rate can be very time consuming. There are tons of checking deals out there these days, we have listed the most popular checking account options.

Internet banks offer higher checking interest rates with their ”Internet checking accounts”, more than traditional brick and mortar bank’s checking account rates because their overhead is lower. Opening a checking account online is easy.

All checking transactions can be done online these days so there is actually no need to go to a traditional bank branch. You are also issued checks when you open your account. There are tons of free checking accounts available, you can also find a combination checking savings account.

We recommend an online checking account over a traditional checking account because the interest rate will be higher, plus an online account is a lot more convenient.

Reward checking accounts are high yield checking accounts that have the highest annual percentage yield over all checking accounts. High yield checking rates can be as high as four to five percent on account balances up to $25,000. You will have to meet a minimum amount of transactions to receive the reward checking rate, like a certain amount of ATM transactions or direct deposits or a combination of both. If you don’t meet the minimum for a given month the actual checking rate you will receive will be paltry, usually under one percent.

You will have to pay ATM fees to withdraw funds using other bank’s ATM machines if you have an online checking account.  The good news is Internet banks will reimburse you for ATM fees other banks charge you. The amount is usually capped per month at around $25.00, but that amount should be more than enough for checking account ATM fees.

If you’re good at managing your finances month to month and don’t mind having more than one checking account, you should consider having both a traditional checking account and an online checking account or rewards checking account. That way you can take advantage of the higher interest rates online checking offers while having the comfort of being able to walk into a local branch to do your traditional banking.

MonitorBankRates.com has free checking account rate tables you can search to find the best checking account deal in your zip code.

Search Checking Account Rates Here

Eastwood Bank of Minnesota is offering a rewards checking account that currently has an annual percentage yield of 4.01 percent for balances up to $25,000 and an APY of .75 percent on balances above $25,000.

As with all rewards checking accounts there is a certain number of bank transactions you have to do every month to earn the high yield checking account rate.

To earn the high yield you have to do twelve or more purchases using an Eastwood Bank Visa Check Card, at least one direct deposit or automatic withdrawal, and electronic statement delivery to a valid e-mail address.

The bank will also reimbursed you for ATM fees, up to $25 each calendar month. The checking account also has free internet banking and free online bill pay.

Chase Bank is offering a $100 bonus when you open a checking account between now and July 24, 2009.  There is a minimum opening deposit of $100. In order to qualify for the bonus you must also make five debit card purchases or setup direct deposit with the account within 60 calendar days of opening the checking account.

Once you have meet the criteria for the bonus the $100 will be deposited into your checking account. The account must remain open for six months otherwise $100 will be deducted from your account when it’s closed. The cash is considered interest and reported to the IRS on a 1099-INT form by the bank so you will have to pay income tax on the $100.

A checking account can be opened online or at a local branch by having Chase Bank email you a coupon.

Chase $100 Bonus Checking Account Offer

Bank of America (BofA) will give you a $100 bonus for opening a personal checking account or a business checking account. You get $75.00 when you open a new account with a  $250 deposit and make a purchase with the debit card linked to the  new account. You get an additional $25.00 when you make two online bill payments within 30 days.

This is a special promo offer that is only available until July 31, 2009. The checking bonus is limited to new customers who open an eligible new personal or business checking account online or in one of BofA’s banking centers. 

The offer does not apply to second or multiple personal or business accounts. A new customer is a person who is not currently a signer and who was not a signer within the last 6 months on a Bank of America personal or business checking account.  Unfortunately student checking accounts are not eligible for the offer.

Bank of America Bonus Checking Account Offer