Farmers and Merchants Bank is offering a 4.51% APY that is nationally available. The best part of it is that the maximum investment amount that receives this rate is $50,000. After $50,000 the rate drops to 1.54% APY.
As the BestCashCow rewards checking table shows, the rate is not as competitive as some other rewards checking accounts but most banks only offer their most competitive rates on balances between $10,000-$30,000.
To get this top rate you must do the following:
- Make 10 Check Card Transactions
- Set Up One Direct Deposit or ACH auto debit
- Enroll and receive electronic statements
- Access NetTeller online banking
Farmers and Merchants Bank is FDIC insured.
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