2014 high-yield checking: Farmers Bank & Trust

Checking » High-Yield Checking » Survey » Farmer's Bank & Trust

Farmers Bank & Trust in Magnolia, Arkansas, offers True Rewards checking, with an above-average annual percentage yield, but is open only to residents of seven states. Bankrate's 2014 High-Yield Checking Survey breaks down the returns you can get with each account and the hoops you'll have to jump through to get them.

Farmers Bank & Trust

Location: Magnolia, AR

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? NAPY: 2.01%APY if conditions not met: 0.05%Monthly debit transactions required: 10Bill pay or automatic withdrawal required? Y*Direct deposit required? Y*Balance cap: $25,000


  • True Rewards: Available only to residents of Arkansas, Texas, Louisiana, Mississippi, Tennessee, Missouri and Oklahoma.
  • Either one direct deposit or automatic credit/debit payment is required per month.
  • Must enroll and receive e-statements and access online banking.
  • Balance above $25,000 yields 0.51%, if qualifications are met.
  • ATM refund: $25 cap on ATM fee refunds per statement cycle, if qualifications are met.

*See notes section for more details. canvassed banks, thrifts and credit unions March 10-13 and reports data on 56 high-yield checking accounts offered by 54 institutions.



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