Southern Missouri Bank Checking Account at 6.01%APY

Southern Missouri Bank offers a checking account at 6.01%APY. The highest bank checking account rate so far in the State of Missouri.

Its best feature is whatever ATM fees incurred will be refunded by the bank. Plus, there are no maintenance fees or hidden service charges.

To qualify to obtain the APY, there are 3 important things that you must make per statement cycle:

1. You must make at least 12 check card transactions per month;
2. You must set up one monthly direct deposit or automatic payment; and
3. You must get your statement electronically via Online Banking.

You can open with as little as $100 and there are no minimum balance requirement. You also get free MasterCard Check Card and you’ll get online banking and bill pay Free.

Assuming you met all of the three requirements, your checking account balance of between one penny and $25,000 will earn the 6.01%APY and the portion of the balances over $25,000 will earn 1.01%APY. Failure to met the three requirements will not earn you the high APY but instead your account will function as a free checking account earning 0.10%APY and no ATM refunds for the statement cycle.

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