Note that this requires a direct deposit
and 12 debit card transactions (ATM visits don't count) per month to qualify for the 3.25% APY. I also don't see any way to open a new account online. I don't know if you can open an account over the phone. If not, there are only three branches, all in the Austin, TX area.
This account is pretty comparable to all the other rewards checking accounts available in the US. There's a pretty good list of national rewards checking accounts at
www.depositaccounts.com. Interestingly, this particular account is not on the list.