Ouachita Independent Bank is offering Louisiana residents a chance to earn up to 3.01% APY on balances up to $15,000. Below is all the details you need to earn 3.01% APY on your funds when opening a Ouachita Independent Bank Reward Checking Account.
Ouachita Independent Bank Reward Checking Account Summary
- Interest Rate: 3.01% APY
- Maximum Balance: $15,000
- Availability: LA (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Hard Pull or Soft Pull? Let us know
- Credit Card Funding: Unknown. Let us know
- Opening Deposit: $100
- Direct Deposit Requirement: Optional
- Monthly Fee: None
- ATM Refunds: Unlimited as long as qualifications are met
- Closing Account Fee: None listed
- Promo Code(s): None
Account Features
- 3.01% APY interest paid on balances up to $15,0000.25% APY on portion of balance above $15,000
- 0.05% APY if qualifications are not met
- Unlimited ATM refunds nationwide
- No monthly service charge
- No minimum balance requirements
- Minimum deposit to open: $100
- Free MasterCard® Debit Card
- Free Online Banking with Bill Pay
- Interest compounded daily, paid monthly
Application Link
Ouachita Independent Bank Reward Checking Account: If this account appeals to you and you qualify, apply today!
How To Earn 3.01% APY:
- Sign up for the Ouachita Independent Bank Reward Checking Account to earn 3.01% APY on balances up to $15,000. In addition, meet the following requirements every month:
- To receive 3.01% APY on balances up to $15,000, simply do the following each monthly qualification cycle:
- Have at least 12 debit card purchases post and clear (does not include ATM transactions)
- Have at least 1 automatic payment or direct deposit post and clear
- Receive e‐Statements
- If you don’t qualify during a cycle, don’t worry! You will still enjoy checking with no monthly service charge plus you get a base rate of 0.05% APY and you get right back to making 3.01% APY and enjoying ATM fee refunds the next cycle that you meet the qualifications
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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