Offer at a glance
- Interest Rate: 3.01% APY
- Minimum Balance: None
- Maximum Balance: $30,000
- Availability: MO only
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $2,000
- Monthly fees: $6.95 + $3 paper fee, avoidable
- Insured: FDIC
The Offer
- Hawthorn Bank offers the Platinum checking account. This earns 3.01% APY on balances up to $25,000 when you make 25 qualifying direct card transactions per month
Avoiding Fees
This account has a $6.95 monthly fee and a $3 paper statement fee if you don’t opt in for eStatements. If you make 25 debit card purchases (required for the 3% APY) the monthly fee is waived.
Our Verdict
Hawthorn Bank also has a $150 business checking bonus. Overall this 3% rate on balances up to $25,000 is competitive, but really depends on how strict they are on the debit card requirements. We will still add this to the high yield checking account page.
