For residents of Indiana or Ohio, Farmers & Merchants State Bank is offering up to 1.71% APY with a maximum balance of $15,000 with their free Rewards Checking Account. This free high interest checking account offers an outrageously high interest rate and ATM fee refunds nationwide, with no monthly fees or minimum balance requirements. If you live in the state of Indiana or Ohio, then this bank might just be the right fit for you! Sign up for a Rewards Checking Account with Farmers & Merchants State Bank today!
 | Blue Federal Credit Union: Enjoy 5.25% APY when you open a 15-Month Share Certificate, that's 2.3x higher than national average. It's federally insured by NCUA with no fees, and $1 minimum to open. You'll have 24/7 online access to funds. Learn More---Blue Federal Credit Union Review |
 | Western Alliance Bank: Earn 5.51% APY when you open a 12-Month Share Certificate, that's higher than national average. Excellent rates with NO fees. FDIC insured. $1 minimum deposit. 24/7 online access. Special opportunity for consumers to save with the nation’s top commercial bank. Learn More---Western Alliance Bank Review |
| Blue Federal Credit Union: Get 5.10% APY with a 9-Month No-Penalty Certificate, that's 2.2x higher than the national average. Federally insured by NCUA. It has no fees and just $1 minimum to open. 24/7 online access to funds. Learn More---Blue Federal Credit Union Review |
Farmers & Merchants State Bank Info:
- Sign up Offer
- Account Type: Rewards Checking Account
- Interest Rate: 1.71% APY
- Maximum Balance: $15,000
- Availability: OH, IN (Bank Locator)
- Expiration Date: None
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $50
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Optional
- Monthly Fee: None
- Additional Requirements: at least 12 Debit MasterCard point of sale purchases, at least 1 Direct Deposit or automatic payment, be enrolled and review Online Statements via Online Banking (a valid email address is required)
- Closing Account Fee: Cancellation fees may apply. Be sure to speak with your representative.
Farmers & Merchants State Bank Features:
- FREE checking account
- No minimum balance requirements
- Earns extremely high dividends
- Qualifying accounts get reimbursed up to $15 per month on ATM fees nationwide
- To qualify you must have per month: at least 12 Debit MasterCard point of sale purchases, at least 1 Direct Deposit or automatic payment, be enrolled and review Online Statements via Online Banking (a valid email address is required)
How To Earn Up to 1.71% APY Rate:
- Sign up to Farmers & Merchants State Bank Rewards Checking Account to earn 1.71% APY for up to $15,000.
- Have at least 12 Debit MasterCard® point of sale purchases post and settle
- Have at least 1 Direct Deposit or automatic payment (ACH) debit post and settle
- Be enrolled and review Online Statements via Online Banking (a valid email address is required)
Note: Balances over $15,000 earn between 1.71% to 0.47% depending on the balance. Balances that fail to meet all requirements earn 0.05% APY
Bottom Line:
Farmers & Merchants State Bank is offering a great rewards checking account program for those that are residents of Indiana or Ohio. There is no monthly fee, and the account has a great interest rate! Remember that if your balance is over $15,000, then you will not receive the full benefit of the rewards checking account. If you have had any experiences with this bank, please let us know in the comment section below. For more deals, you can check out our entire list of Best Rewards Checking Accounts.
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