With the recent launch of several high yield online savings, including FNBO Direct, WTDirect, and Salem Five Direct, it comes with no surprise that Heartland Bank is making a foray into the online banking market with their new Heartland Bank Direct Performance Savings Account. This account offers a relatively mediocre 5.05% APY rate, but there is a bonus feature that helps differentiate and qualify this savings account for consideration.

The bonus feature allows you to earn $5 per $1,000 average monthly balance of the previous 6 months for a maximum bonus of $50. As a result, for those who have $10K or less in deposits, the bonus would add about an extra 1% to the interest rate resulting in an approximate rate of 6% for the those 6 months. This bonus is only available for new accounts.

There’s a minimum opening balance of $500, but you are not required to maintain this balance once the account is established.

For more information, email their customer support at support@heartlandbankdirect.com, leave a message at their contact form, or drop a line at their toll free number: 877-444-5148. Heartland Bank Direct is a division of Heartland Bank, which is FDIC insured. Heartland Bank is based in Missouri (MO).