Farmers and Merchants Bank 4.51% APY Rewards Checking

Farmers and Merchants Bank is offering a 4.51% APY that is nationally available. The best part of it is that the maximum investment amount that receives this rate is $50,000. After $50,000 the rate drops to 1.54% APY.

As the BestCashCow rewards checking table shows, the rate is not as competitive as some other rewards checking accounts but most banks only offer their most competitive rates on balances between $10,000-$30,000.

To get this top rate you must do the following:

• Make 10 Check Card Transactions
• Set Up One Direct Deposit or ACH auto debit
• Enroll and receive electronic statements
• Access NetTeller online banking

Farmers and Merchants Bank is FDIC insured.