Peoples State Bank of Illinois (IL) has recently launched a reward checking account that pays 6.10% APY for balances under $20K (3% APY over) and refunds ATM fees when you have at least 10 debit card transactions, one direct deposit or ACH auto debit, and have signed up to receive electronic statements. Otherwise, the rate falls to 0.25%. A minimum deposit of $50 is required to open the account, but there are no minimum balance requirements or monthly fees regardless of meeting the requirements.

It would appear that you have to visit a branch to open this account. Branches are located in the Illinois cities of Sumner, Newton and St. Francisville. The bank is FDIC insured.