6.00% Checking Yields for Online Banking Customers

Reward checking accounts have been one of the fastest growing bank products of 2008 with several hundred banks now offering some incentive-based checking account. Each bank has it’s own unique rewards and requirements, but they all require that the banking customer utilize some online banking services to earn the highest-tier yield. Consumers who do not [...]

EverBank 4.01% APY Checking Account

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

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 [...]

Bank Reward Programs Local and National

The Federal Reserve has lowered rates by over two full percentage points in 2008 and banks have reacted by lowering their own deposit rates on savings, checking, money market, and CDs. The highest rates available right now may be from a local bank offering a Reward Checking account which pays yields as high as 6.26% [...]

Reward Checking Accounts Looking Better Than Ever

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 [...]

Online Banks Deals that Beat Your Local Bank Rates

Chances are your local bank has taken note that the Federal Funds rate is at 2.25% and that Treasury Bills are below 2.00%. Even more likely is that the bank has lowered their deposit rates on your checking or savings account accordingly. Fortunate for savings investors there are a number of online banks willing to [...]

Online Bank and Credit Union Rate Deals

Online banks and credit unions are offering deals with with good rates including specials between 3.60% APY and 10.00% APY for online investors. Listed below are some of these Credit Union and Bank rate deals available today. Each deal has it’s own restrictions and limitations including balance requirements and geographic requierements. Check with the issuing [...]

The Fed and Online Bank Rates and Deals

The bad news for online bank investors is that the Fed is very likely to drop rates 25 or 50 points at this week’s meeting, but the good news is that it appears most online banks have already factored in that rate cut into this week’s rates and we don’t expect a large reduction in [...]

Online Checking Report

Money-rates.com researched the rates paid on an online basic checking account from the nation’s largest banks to compare to the rates posted on the money-rates.comn checking rates page. The results were more than surprising. While online banks are posting rates as high as 6.00% on accounts which require direct deposit or have deposit limits, it [...]

Citibank Keeps their 5.00% Checking Account Offer Alive

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 [...]

Weekly List of Highest Rates and Yields on Online Bank Deals

The Savings Investor will post weekly a list of some of the highest yields available on FDIC-insured deposits. Restrictions and limitations (including geographical location) may apply so read through each bank’s web site carefully before opening an account.
Rate specials this week include:
10.00% APY from Affinity Bank on their savings account for kids only (applies to [...]

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

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 [...]

Bank Checking Accounts with a 5.00% APY and higher

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 [...]