bank rates

3-State Deal On Top Savings Account

Pile of $100 bills spread out.We’ve found a rare gem — a bank that pays more than 1.50% APY on its savings account.

Such a find hasn’t been available nationally in more than two years.

At American Trust & Savings Bank in Dubuque, Iowa, savers can earn 1.51% APY on balances to $15,000 on a REWARDSavings account that’s paired with a REWARDSChecking account.

The best nationally available savings account pays just 1.00% APY.

And adding some more shine to the jewel, American Trust’s REWARDSChecking account pays a healthy rate of 3.01% APY on balances to $15,000, putting it well above many other rewards checking accounts.

Anyone who lives within a 100-mile radius of Dubuque and West Des Moines, Iowa, can open the accounts. That means some residents of Illinois and Wisconsin also are eligible.

The first step is to open a REWARDSChecking account with a minimum $100 deposit.

You’ll earn the top checking rate if you make 12 debit card transactions, sign up for eStatements and access your account online each month. The bank also will reimburse ATM fees up to $25.

You don’t need to maintain a minimum balance to earn interest, and the account carries no fees.

If you don’t meet the monthly requirements, you’ll earn 0.05% APY. Any portion of your balance greater than $15,000 earns 0.25% APY.

After your REWARDSChecking account is established, you can open a REWARDSavings account. Like the checking account, it requires a minimum $100 deposit to open. It also has no fees and no minimum balance to earn interest.

When you meet the REWARDSChecking monthly requirements, you’ll earn 1.51% on your savings account balance, up to $15,000.

Any portion of your balance greater than that earns 0.25% APY. And failure to meet the checking requirements means you’ll earn 0.05% APY on your savings account that month.

You can open the accounts online or at one of American Trust’s 11 locations in Iowa.

For more information, visit or call 800-373-1841.

Compare this offer with the best savings accounts in our database.

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