Comments on: High Interest Checking Accounts

By: Lazy Man

Lazy Man — Tue, 18 Oct 2011 16:20:18 +0000

Thanks for the comment Nancy. Unfortunately, I have 1300 posts on this website and it is impossible to keep everything updated while still producing new content.

Blogs are not designed to always have the most updated information. If you look at a LifeHacker.com post from 2007 about the best way to download music, it is also going to be outdated. The New York Times, also has archives of its old articles and they don’t update them all constantly.

By: nancy

nancy — Tue, 18 Oct 2011 14:35:31 +0000

Get your facts updated. This is very old information. If you aren’t going to keep it up to date then shut it down.

By: Rick

Rick — Thu, 07 Oct 2010 19:34:17 +0000

I have been using a 4% account for many months. It is easy to use the debit card enough times, and the other requirements are easy, too. I have been very pleased.

By: Mike

Mike — Fri, 17 Sep 2010 11:55:51 +0000

High interest accounts have definitely changed since 2008. But I am still able to receive 4% (View Point Bank) and the requirements are definitely worth the extra $ every month.

By: kim

kim — Mon, 22 Mar 2010 18:37:20 +0000

NorthstarBank in north Texas offers a 4.00% checking with 50K limit, 10 debits/mo, 1 auto deduct or pay/month, 1 online view and online statement. Been using 6 months, love it. Viewpoint Bank in Coppell TX offers similar, with 50k limit

By: Liam

Liam — Tue, 02 Mar 2010 05:20:51 +0000

I have one of these from Consumers Credit Union, they give a 4.02% dividend rate. I have to make 12 transactions a month, I just go to Wal-Mart and buy 12 $0.16 packages of the ramen noodles and donate them to the Help Agency where i live. I’ve done this for about 6 months now and no one has asked me why, they just look confused while I do it. But still spend $1.60 to get about $22.00 in interest every month, its a good trade-off. Also I have to get paperless statements and log in once a month to their online banking, nothing too time consuming right.

By: Ryan Denson

Ryan Denson — Thu, 07 Jan 2010 15:09:22 +0000

Bank 2 is Racist! Try being a Non Member of an indian tribe outside of the State of Oklahoma. Sorry The 5.1% account doesn’t apply to you! This is wrong, Bank 2 is also owned by the Chickasaw Tribe of Oklahoma Please inform The Governor Of the wrong doings. Ross Hill enough is enough!

By: Rick@Rickety

Rick@Rickety — Fri, 01 Jan 2010 18:57:46 +0000

Recently I have been tracking for my own use banks that pay 5% or higher with rewards checking. At the last count there were 44. Unfortunately none of these banks are in my area or are open nationally. However, there are four banks that pay 4% open nationwide, three of which I have banked with and recommend (Coulee, Ban of the Sierra, and Royal Banks of Missouri).

Rewards hecking is a great deal for a little inconvenience. I recommend that once you see a bank offering a good rate nationally that you sign up quickly. So many times these banks have kept the good rate but gone local only.

By: Joe

Joe — Thu, 31 Dec 2009 02:26:13 +0000

I’ve done this with several CUs. The rate on Charter was good for about a year. I also used Florida Central and they just recently lowered their rate and balance cap to 15k. This was such a good deal a couple years ago when I was able to get 50k cash advance from my credit card for 0% after the (then cheap) fee. I made out. I see that CheckingFinder is still showing some at 4%. Just wish I could still work the credit cards like the old days.

By: Sanjay

Sanjay — Thu, 10 Dec 2009 18:59:34 +0000

Check “Hyperion Bank” in Philadelphia still pays 5% interest rate for the balances below 30K and 1.5% above 30K. Not bad as other usually pay veyr high upto a certain balance amount and as soon as your balance crosses that amount it drops down to mere 0.5% or 0.1%.

By: Pushkart

Pushkart — Wed, 02 Dec 2009 03:32:39 +0000

I was already banking at Texans Credit Union (www.texanscu.org) in the Dallas area, when I learned from a transit billboard that they had a high yield checking account. I just called and they switched my existing account.

The account used to pay 4.1% when I opened it, then it went to 3.83, now it is down to 3.5% in December 2009. That’s still pretty good. Yes, there is a 15-debit-transactions (Point-of-Sale, not ATM) requirement. I fulfill it by paying for small transactions, like my afternoon coffee.

By: william

william — Fri, 30 Oct 2009 06:03:32 +0000

These accounts drop the rate quickly, usually around three months to six. But keep one or two and you can make a decent interest rate of about 4.5% now. Havn’t seen any 7% out there?

By: Jason

Jason — Mon, 19 Oct 2009 14:34:34 +0000

Nick, if you have $25K then the difference betwen 5% and the highest yield of a typical bank is about $800/year (5% – 1.8% * $25,000. I’ll deal with some monkey business for that.

By: Elaine

Elaine — Wed, 23 Sep 2009 17:36:10 +0000

I’d be interested in knowing which banks pay higher interest – - and are they safe? Thx

By: Tom

Tom — Mon, 24 Aug 2009 20:20:36 +0000

Anyone know any more checking accounts above 5%? I opened my account in Feb with Bank of Little Rock – originally at 5%, but now it’s at 4% as of today. I want to switch to a higher interest checking account but cannot seem to find one.

By: NICK

NICK — Wed, 12 Aug 2009 00:29:45 +0000

G thank you all, but you realize they are making us do this monkey do this monkey do that just to have what amounts to a measly return that I doubt it even keeps up with the gas prices increases. I got the urge to tell them to shove it and go on and to something more sensible with myself, my money and my free/king time. But then again I am not an Einstein.

By: Alex Apples

Alex Apples — Tue, 16 Sep 2008 13:54:49 +0000

Don’t know what to think of a high interest cd I found in http://themoneymakers.org/englishindex.html Are there others who know the company MoneyMakers International?

By: Rick

Rick — Sun, 31 Aug 2008 03:32:51 +0000

I wouldn’t be trying to make $1 transactions on your rewards checking, I would mix it up a bit. I eat out for lunch every day I work so I use my card then. I have two cards I have to get 10 charges each with. I cut out two thin pieces of card that are the same size as my credit cards and place them together in my wallet. Each time I charge I write 1, 2, 3 etc. on the card. That way when I reach 10 I can switch to my money back credit card. My Voip provider bills me $3.50 each month on the card so this counts as a transaction.

When I eat I have a friend use one of my cards and I use the other. Places like Wendys just swipe the card. After a few lunches he pays me back. When my children fill up with gas they will take the card and use it. Then they electronically transfer the money back to my account (they are in the same credit union).

There are probably many other ways to make sure you get the transactions. The important thing is good but simple record keeping.

By: ReaganB

ReaganB — Sun, 24 Aug 2008 07:36:27 +0000

Bank of America? Looks like they’re paying 0.05% for checking accounts keeping a minimum of a $5,000 daily balance and 2.33% for savings accounts above $5,000. ING Orange is quite a bit better with automatic transfers from savings to checking, etc.

These accounts at 5% require some work, but with a $25k balance, it’s worth it.

By: KushMoney

KushMoney — Thu, 21 Aug 2008 05:01:00 +0000

5% is higher than my savings account with Bank Of America (BOA). I will have to look at this website. Thanks for posting it.