Top Rewards Checking Accounts Plummet Below 2.01% APY to Finish the Year

Back when CD rates began to fall from grace around late 2008 and early 2009 (and ever since) rewards checking accounts have been highlighted as solid alternatives for those seeking high rates on FDIC insured investment vehicles. They operate similarly to money market accounts but require the consumer to make monthly purchases and direct deposits in order to receive the exceptional interest rate. Generally speaking, these requirements will be something like Read more…

Top APY’s with Rewards Checking Accounts in 2011

We feel like we haven’t given enough credit to rewards checking accounts lately, especially in a landscape where rates on traditional savings accounts (ie. bank CD’s, money market accounts, etc) have fallen short. Therefor, we rounded up the top 5 APY’s from around the country and posted them below.

For those of you that are unfamiliar with these, rewards checking accounts are similar to money market accounts but provide much more lucrative Read more…

Earn 3.0% APY with this Del-One Federal Credit Union Account

What type of bank account pumps out 3.0% returns in this bleak savers market? It’s not a bank CD nor a money market account, but rather a “Better Life Checking” account (or more commonly referred to as a rewards checking account).

Currently, Del-One Federal Credit Union, based out of Wilmington, Delaware, is providing this promotional checking account (which also comes with free checking) to it’s members that can meet 3 monthly qualifications. Read more…

“Green Rewards” High Interest Checking Account: 3.50% APY

A pretty lucrative rewards checking account was sent in to us yesterday by BankVibe.com reader Airin. It’s called a “Green Rewards” checking account and comes from Hancock Bank and Trust out of Kentucky. This “Green Rewards” checking account comes with a whopping 3.50% APY for those who can meet their monthly requirements, plus it’s available online.

In today’s CD rate environment, any account yielding above 2.0% APY is remarkable and like bank Read more…

Best Rewards Checking Account in Illinois paying 4.09% APY

It’s been a while since we reported on a decent rewards checking account so we thought we were overdue to uncover one of these diamonds-in-the-rough-savings-vehicles. For those of you who may be unfamiliar with these somewhat peculiar banking products we’ll give you a quick rundown…

Rewards checking accounts are essentially high interest checking accounts that come with a few strings attached. They made a lot of noise in 2009 and 2010 when Read more…