Northstar Bank of Texas is still pushing for their best interest rate rewards checking account called Velocity Checking. This money in the bank deal lets you earn an interest rate of 4.01% APY for balances of up to $30,000. You can earn an interest rate of 0.50% for portion of the balance above $30,000. You also get to refund your ATM surcharge when you meet the following requirements:

  • make at least 10 purchases using your debit card at the point of sale
  • setup at least 1 ACH auto debit ot direct deposit
  • enroll to online banking and log in at least once per statement cycle
  • subscribe to electronic bank statement

In case you do not meet the requirements you will not be able to refund ATM fees and you will only earn as little as 0.10% APY. You will be notified by the bank through your email if you meet the requirements for the month. You are required to deposit a minimum of $100 to open this best checking account. Another benefit of this account is that the bank does not require monthly service fee nor maintenance fee. The interest rate may change anytime after the account is opened. You can also check with the bank for the latest interest rate.

Individuals who want to take advantage of this best interest rate reward checking account may apply and complete the application thru the banks website. You may also call their customer service line if you have questions with regards to Velocity Checking account or their current interest rates thru 940-383-6200.

The bank has branches in the cities of Pilot Point, Lewisville, Lake Dallas, Krum, Grapevine, Corinth, Colleyville, Denton, and Argyle in the state of Texas.

Northstar Bank of Texas was established in 1973. Currently, the bank grew to have over $876 million in declared assets. They are also a member of the Federal Deposit Insurance Corporation with certificate number 20935.

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