Bank of the Sierra Reward Checking 2.09% APY

Bank of the Sierra is promoting their rewards checking account by oferring a nice 2.09% APY on the checking account balance up to $25,000. This account is totally free and offers $25 in ATM fee waivers. In order to qualify for the higher interest in this account the following conditions must be met:

• 12 check card purchases, these purchases can be signature purchases made with the debit card.
• One direct deposit per month.
• One online bill payment per month.
• Enroll for eStatements.
• Open the account online.

Overall, I would rate this as a good alternative to a long term CDs as one could use account to park some cash while waiting for the banks to offer higher interest rates.