Bank2.com has a high 5.01% APY checking account. Unfortunately, it’s only available to residents of Oklahoma. In order to qualify for this rate, you must meet the following qualifications:

• 10 Check Card purchases
• Set up a recurring Direct Deposit
• Receive e-Statements
• Access Online Banking

The account requires $100 to open, and provides 5.01% on balances up to 25,000. Any balances over 25,000 yield 1.01% APY. If qualifications aren’t met the rate drops to 0.01% APY. Some more information on the account:

• ATM fees will be refunded up to $50
• No minimum balance requirement
• No monthly fees
• Unlimited check writing
• Free Online Banking
• Free e-Statements
• Direct Deposit available
• $100 to open

This account is limited to 2 accounts per customer/household. This is a great rate on an interest checking account for those who qualify.