[SD only] Reliabank Ultimate Checking – 1.25% APY On Balances Up To $25,000 – Direct Deposit Not Required

Update 2/25/21: Rate reduced to 1.25%

Update 4/1/20: Rate reduced to 2.05%

Update 10/28/19: Rate reduced to 3.51% from 4.01%

Offer at a glance

• Interest Rate: 4.01%
• Minimum Balance: None
• Maximum Balance: $25,000 for 4.01% APY rate
• Availability: South Dakota only
• Direct deposit required: Optional
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Insured: FDIC

The Offer

Direct link to offer

• Reliabank offers the Ultimate Checking account, this account earns 4.01% APY on balances up to $25,000 when the following requirements are met each statement cycle:
  • Make 15 debit card transactions per statement cycle
  • Enroll and receive eStatements
  • Have at least one direct deposit, one automatic debit, or one online bill pay clear the account per statement cycle

Avoiding Fees

This account has no monthly fees to worry about.

Our Verdict

Seems to be a great option, huge maximum balance of $25,000, the rate is high and there is no direct deposit required. We still need to know if it’s a hard or soft pull but if you live in South Dakota then this is definitely a high yield savings account worth considering.

Hat tip to Betelgeuse