[MO, KS only] Hawthorn Bank 3.01% APY On Balances Up To $30,000

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

Direct link to 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.