MoneyRates Blog

Free Airlines Miles from Online Bank

June 17, 2008
By MoneyRates team | Money-Rates Columnist

The BankDirect AAdvantage Program rewards American Airlines miles to customers who bank with BankDirect. With airfares expected to increase even higher in 2008 the offer for free airline miles is looking more tempting than ever. Customer can earn miles by opening checking and money market accounts (1,000 miles), referring friends to the program (10,000 miles), [...]

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Electric Orange Checking Account from ING Direct: High Rates and Environment-Friendly

May 13, 2008
By MoneyRates team | Money-Rates Columnist

ING Direct is laying the claim to “America’s first paperless checking account”. The Electric Orange Checking account is environment-friendly by eliminating all checks and account statements but has also been widely acclaimed for their online banking platform and the exceptional rates paid on deposits. The tiered rates have been as high as 5.30% on checking [...]

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$150 Cash Offer from Pennsylvania Bank

April 4, 2008
By MoneyRates team | Money-Rates Columnist

Sovereign Bank is a large bank based in the Northeast that is active in online banking promotions. The latest deal from Sovereign is a $150 cash offer for opening a Premier Checking account with at least $100 and requesting a VISA Checkcard and maintaining at least a combinde $15,000 balance in checking, savings, money market, [...]

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Reward Checking Accounts Looking Better Than Ever

April 2, 2008
By MoneyRates team | Money-Rates Columnist

Reward checking is a product that was rolled out by banks (mainly online banks) in 2007 with little publicity. A reward checking account pays a high APY on balances up to a preset limit if customers maintain specific online banking requirements which may include: debit card transactions, check card transactions, direct deposit, auto-debits, and receiving [...]

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6.00% Yields at FDIC-insured Banks

November 28, 2007
By MoneyRates team | Money-Rates Columnist

A new product offered by banks across the country is a Rewards Checking Account which pays yields as high as 6.01% on interest checking account balances if certain requirements are met. Typically the requirements are a combination of receiving statements electronically, using a check or debit card, and using ACH, auto-debit, or direct deposit on [...]

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Citibank Keeps their 5.00% Checking Account Offer Alive

September 26, 2007
By MoneyRates team | Money-Rates Columnist

Citibank is still promoting their 5.00% Direct Ultimate checking account

To qualify for the higher rate, you must complete at least two electronic bill payment transactions - through Citibank Online, Citi Mobile or Citiphone Banking® - from your linked eligible checking account† during each calendar month. If you don’t complete the online bill payments, you will [...]

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Bank Accounts which Reward American Airlines Frequent Flier Miles

September 19, 2007
By MoneyRates team | Money-Rates Columnist

Guaranty Bank Airmiles Checking
Watch your American Airlines AAdvantage® mileage balance fly sky high with an AirMiles Checking™ account. Open a new AirMiles account and earn 2,000 AAdvantage® miles. Activate direct deposit and earn an additional 1,000 AAdvantage® miles. Plus you’ll earn AAdvantage® miles each month based on your average daily balance. You will earn interest, [...]

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Metropolitan National Bank’s $200 Checking Bonus

September 10, 2007
By MoneyRates team | Money-Rates Columnist

$200 can go a long way, especially when a bank is offering it free to new customers. Metropolitan National Bank in New York City (FDIC#34699) is running a $200 promotional giveaway for new customers.

The checking account from Metropolitan National Bank comes with all the usual perks including:

* FDIC Insured up to $100,000* Unlimited Check Writing* [...]

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First Clover Leaf Bank’s 6.01% Gold Leaf Checking account

August 22, 2007
By MoneyRates team | Money-Rates Columnist

First Clover Leaf Bank (FDIC#30330) in Edwardsville, Illinois is offering a checking account with an annual percentage yield of 6.01% if certain requirements are met. The bank web site indicates a branch visit is required, but a customer service rep said that an account be open by phone if detailed paperwork is forwarded to the [...]

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ING Direct’s Paperless Checking Account is for Real

August 17, 2007
By MoneyRates team | Money-Rates Columnist

The Savings Investor can report that 5 visitors who have taken the time to report back to us extensively on the ING Direct Electric Orange Checking account have not had any problems converting to paperless checking and are pleased that they have maintained yields of over 5.00% on their liquid cash. One satisfied customer of [...]

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Bank Checking Accounts with a 5.00% APY and higher

August 5, 2007
By MoneyRates team | Money-Rates Columnist

FDIC-INSURED BANK CHECKING ACCOUNT RATES (and all the fine print straight from the bank’s websites detailing what a new customer has to do to earn the highest yield)
FirstBank - 6.17% APY
FirstRewards is an account that lets you earn sky high interest (currently, 6.17% annual percentage yield) on balances up to $25,000 (1.00% on balances above [...]

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Banks paying 6.00% and higher on checking accounts

July 25, 2007
By MoneyRates team | Money-Rates Columnist

Checking account with annual percentage yields (APYs) of 6.00% or higher are very rare, but a few exist. Special terms or restrictions can apply for a rate this high so read the terms and restrictions closely before investing. All banks listed are FDIC-insured.
(1) Salem Five Bank (FDIC# 23296) located in Salem, Massachusetts is offering a [...]

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