Cash Rewards Checking offers 4.01% APY and Free ATMs nationwide, with just a $25 minimum to open.

Here’s another Iowa based bank offering a high interest rate on their free checking account, plus no minimum balances and a very low initial minimum deposit.

Last week we told you about Cedar Rapids Bank & Trust’s phenomenal 5.00% checking account. Now here comes Dubuque Bank & Trust, a community bank based in Iowa, with its Cash Rewards Checking account. It’s a free checking account paying up to 4.01% APY on balances up to $20,000.

With the Dubuque Bank & Trust free checking account you get:

Free Checking
Free Debit Card
Free Online Banking
Free Bill Pay
No Minimum Balance Requirement
No Monthly Fees
ATM Fees are automatically refunded
Always earn interest, regardless of your balance!

The checking account pays on these balances:

4.01% APY on balances of $.01 to $20,000
1.01% APY on balances over $20,000
0.05% APY on balances even when you don’t meet the minimum checking account requirements

Minimum Checking Account Requirements to Earn Bonus Rates and Free ATMs Nationwide:

Use your FREE Debit Card – Simply have 15 or more signature-based purchases posted within the monthly qualification cycle.
Sign up for direct deposit - Have one or more direct deposits each month.
Go electronic and eliminate paper statements with FREE eStatements – you must have a valid email address to receive notification.

About Dubuque Bank & Trust Company

Dubuque Bank & Trust Company (DB&T) operates five offices in Dubuque and in the neighboring communities of Epworth, Farley and Holy Cross. With assets of more than $1 billion, it’s among the largest commercial banks in Iowa, and is FDIC insured. Dubuque Bank & Trust provides a variety of deposit accounts, insurance services, managed accounts and credit services to individuals, businesses, corporations and institutions. The bank, created in 1935, is a subsidiary of Heartland Financial USA, Inc., a $3.6-billion financial services company dedicated to the principles of community banking: Community involvement, an active board of directors, local presidents and local decision making.