5.00% APY Guaranty Bank Advantage Checking

If you happen to live in Missouri and near a Guaranty Bank, you might want to take advantage of a great reward checking account promotion going on in your backyard. Guaranty Bank has a Guaranty Advantage Checking that offers a 5.00% APY yield on balances up to $30,000 and a 0.50% APY yield on balances above $30,000. If you fail to meet the qualifications, the base rate is 0.50%. They also refund ATM fees up to $5/month.

The requirements? A little on the heavy side – 15 debit card purchases (usually it’s more like 10-12), one ACT direct deposit, and you must use online banking and e-statements. $50 minimum deposit, no minimum balance requirement.

One little benefit they do offer that I haven’t seen elsewhere is that you earn five cents for every signature-based debit card purchase.

You’ll have to visit a branch to open this account.