Get 9.01% APY at This Bank with Just Four Branches

The Farmers Savings Bank in Iowa is offering a high APY (annual percentage yield) of 9.01% on its Star Checking account for customers who open an account at one of the bank’s four branches. The account has no monthly fees or minimum balance requirements, and anyone with a Social Security number and driver’s license can apply. To earn the high APY, customers must meet monthly requirements, including using the linked debit card to make at least 15 purchases each month. The average interest rate for a checking account is currently only 0.07% APY, making the Farmers Savings Bank offer significantly higher than average.