Beacon Bank 4.01% Interest Checking Account in Minnesota

Beacon Bank is offering a 4.01% APY interest online checking account on balances up to $25,000 with a rate of .1% APY on balances over $25,000. All ATM fees are refundable with this account. You need to meet the following monthly requirements or your interest rate falls to .1% APY: You need to make 10 check card purchases, one direct deposit, log into Neteller, and receive e-statements. There is no minimum balance, no monthly service fees, and you get a box of free checks when you open your account.

There’s an online application, but a branch visit may be required. If this is the case branches of Beacon Bank are located in the Minnesota towns of Duluth, Eden Prairie, Excelsior and Shorewood.

Beacon Bank has a 4 out of 5 star soundness rating at bankrate.com and is a FDIC insured bank.