Farmers & Merchants State Bank is offering Indiana and Ohio residents a chance to earn up to 1.71% APY on balances up to $15,000. Below is all the details you need to earn 1.71% APY on your funds when opening a Farmers & Merchants State Bank Kasasa Cash Checking Account.
Farmers & Merchants State Bank Kasasa Cash Checking Account Summary
- Interest Rate: 1.71% APY
- Maximum Balance: $15,000
- Availability: IN, OH (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Hard Pull or Soft pull? Let us know
- Credit Card Funding: Unknown. Let us know
- Opening Deposit: $50
- Direct Deposit Requirement: Optional
- Monthly Fee: None
- ATM Refunds: Up to $15 monthly
- Closing Account Fee: None listed
- Promo Code(s): None
Account Features
- Free checking that pays high interest
- 1.71% APY* on balances up to $15,000
- 0.12% paid on balances over $15,000
- 0.05% APY* if qualifications aren’t met
- Refunds on ATM withdrawal fees, nationwide (up to $15 monthly)*
- Link to free Kasasa Saver® to build savings automatically
- No minimum balance to earn rewards
- No monthly service fee
- Free online banking
- Free mobile banking
- Free online statements
- Free debit card
- Unlimited check writing
- $50 minimum deposit to open
Application Link
Farmers & Merchants State Bank Kasasa Cash Checking Account: If this account appeals to you and you qualify, apply today!
How To Earn 1.71% APY:
- Sign up for the Farmers & Merchants State Bank Kasasa Cash Checking Account to earn 1.71% APY on balances up to $15,000. In addition, meet the following requirements every month:
- Have at least 12 debit card purchases post and settle
- Have at least 1 direct deposit or ACH payment transaction post and settle
- Be enrolled in and agree to receive online statements
Author’s Verdict
If you’re active with your checking account and able to meet the monthly requirements listed above, definitely consider opening a rewards checking account so you can earn rewards and interest on your funds. If you have any info regarding the credit card funding, credit inquiry, or the early account termination fee, please let us know. If you have had any experiences with this bank, please let us know in the comment section below. For more reward checking accounts, you can check out our entire list of Best Reward Checking Accounts.
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