Posted by: Brodie Jerrems in
Bank Rates on May 4th, 2011
Hope Federal Credit Union is not only giving hope to the community it serves, it also makes the increasingly dismal world of nationally available rewards checking accounts look a bit better.
It’s paying 3.51% APY on its Kasasa Cash high-yield checking account on balances up to $10,000. (Balances above $10,000 earn 0.75% APY.)
Anyone can join the credit union (www.hopecu.org) headquartered in Jackson, Miss.
That rate puts Hope just behind the best nationally available deal of 4.09% APY on balances up to $10,000 offered by Consumers Credit Union of Waukegan, Ill.
Unlike so many other financial institutions that are cutting back or placing geographical restrictions on their offerings, Hope just launched its Kasasa Cash account April 12.
“It’s going great guns,” says Scott Slay, the credit union’s vice president of marketing and communications.
The account can be paired with a Kasasa Saver account, which pays 1.51% APY on balances up to $10,000. (You must
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Posted by: Brodie Jerrems in
Bank Rates on April 4th, 2011
Coulee Bank of LaCrosse, Wis., has become the latest financial institution to slap geographic limits on its high-yield checking accounts.
Its 3.03% APY put it behind only Consumers Credit Union of Waukegan, Ill., for the top nationally available rewards checking account.
Coulee’s rate is now available only to new account holders in Wisconsin, Minnesota and Iowa.
Coulee’s move follows Liberty National Bank of Lawton, Okla., and Liberty Bank of Alton, Ill., which recently put limits on where new rewards checking account customers can live.
Three other long-time front-runners, Evantage Bank, AmericaNet Bank and Redneck Bank, all of Oklahoma, pulled the plug on their high-yield checking deals in February.
With Coulee’s move, Consumers Credit Union is even further ahead of its competitors, with a rate of 4.09% APY on balances up to $10,000. Unlik
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Posted by: Brodie Jerrems in
Bank Rates on February 5th, 2011
The Sunshine State has been swamped by a bad economy, but floridacentral Credit Union offers residents a ray of good news with its high-yield checking account that outshines the best nationally available deal.
The Tampa-based credit union is paying 4.50% APY on its Ultimate Checking account for balances of up to $15,000.
That tops the best nationally available deal of 4.11% APY for balances up to $10,000 at Liberty National Bank of Lawton, Okla.
The account carries no fees and has no minimum balance requirements.
But to get the top rate you must make 12 check card transactions per month, make one recurring direct deposit or automatic debit, and sign up for eStatements.
If you don’t meet the requirements, the APY falls to 0.10% for the month. Credit union membership is open to anyone who lives or works in the Central Florida counties of Pasco, Hillsborough, Pinellas, Polk, Manatee, Sarasota, Charlotte or Lake. Y
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Posted by: Brodie Jerrems in
Bank Rates on August 18th, 2010
Savers in Natchez, Miss., have a great thing going.
They can take advantage of the two, top-paying high-yield checking accounts in the entire country.
We already told you about the Smart Rate account from Britton & Koontz Bank, which pays local customers in Mississippi and Louisiana 5.25% APY on balances up to $30,000.
Now here’s the story on the NetCheck account from United Mississippi Bank.
It’s offering 5.13% APY on balances up to $25,000 and 1.01% APY on balances over $25,000.
Both of those deals are far better than the 4.00% APY you’ll earn with the best nationally available high-yield checking accounts.
As with so many local deals, you must open an account in person. In th
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Posted by: Brodie Jerrems in
Bank Rates on August 13th, 2010
If you don’t have a Chase checking account, you won’t want to buy a certificate of deposit there.
Its rates are just awful.
But if you have Chase checking and at least $10,000 to invest, you can probably qualify for one of the bank’s “CD Specials”.
Although they don’t pay nearly as much as the best nationally available CDs, they can provide an average return on your savings.
That might be good enough for some Chase customers.
Th
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Posted by: admin in
Bank Rates on February 16th, 2010
2% cash back on purchases with Perkstreet online checking!
February 17th, 2010 Posted in Checking Accounts
Here is a fantastic offer for an online checking account from PerkStreet Financial. As of today, PerkStreet is offering customer a whopping 2% cash back on purchases for 6 months with a new online checking account!
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Posted by: admin in
Bank Rates on November 11th, 2009
It was only two years ago that many high-yield checking accounts were paying 5.5 percent or even 6 percent annual percentage yield. Now, those yields have dropped to a range in the high 2s to the low 4s, thanks to the stagnant low-yield interest rate environment, says Gabriel Krajicek, CEO at BancVue, the Austin, Texas, company that invented REWARDChecking, a high-yield product used by many community banks and credit unions.
Checking and savings toolbox
- Calculate compound interest
- Inflation calculator
Banks make money by turning deposits into loans and capturing the difference, or the spread, between the rates they pay for deposits versus the rates they charge on loans. Consumer demand for these checking accounts has boomed as deposit yields elsewhere have evaporated. Read more…