Several weeks ago we noted First Robinson Savings Bank and their checking account which is yielding an abnormally high interest rate. We would like to make a few updates to this rate as it is currently the best one available.

First, their “Rewards Checking Account” is NOT available nationwide. There has been some controversy in the past regarding who can apply for this checking account. I have contacted a representative and it is only available to those in their specific marketing region. See comments below.

What do you get with this checking account?

You get the highest interest rate offered by any savings, checking, money market, or certificate of deposit. A savings rate of 6.01% APY!

You also get full reimbursement of all ATM transactions nationwide. This comes in extremely handy as I know I can encoutner transactions fees racking up to $40 per month.

What is required of you?

• Ten Debit Card Transactions (excluding ATM transactions)
• Process one of the following: Online Bill Pay, ACH Auto Debit or ACH Direct Deposit
• Receive Account Statement Electronically via Netteller EZ-Notice

Keep in mind that if you can not or do not meet these requirements First Robinson Savings Bank will lower your interest rate to 0.25% APY. Also note that the 6.01% interet rate is only paid on balances up to $25,000.

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