Here is another high interest bearing checking account available to customers nationwide. This one is set up in a slightly different way and may provide top returns for those looking to maintain a high balance. If you are a frequent BankVibe reader or high yield checking chaser then you probably know that most of these accounts entice potential customers with an abnormally high interest rate up to a certain “maximum balance.” These balances can range anywhere from $10k to sometimes $50k. Founders Bank of Texas, however, has set theirs up so that it pays off in tiers. The first $10,000 of your balance will receive a very lucrative 5.01% APY, and the second tier (anything above $10k) pays a still respectable 2.25% APY. You will have to calculate your overall APY with different balances to project your earnings, but here are some potential earnings for various balance amounts:

For balances of $10,000 receive 5.01% APY

For balances of $20,000 receive 3.63% APY

For balances of $50,00 receive 2.82% APY

For balances of $70,000 receive 2.64% APY

For balances of $100,000 receive 2.53% APY

For balances of $200,000 receive 2.39% APY

Features of Kasasa checking through Founders Bank of Texas:

(as seen on promo page)

• Free Checking
• No Minimum Balance
• Free Debit Card
• Reimbursements on ATM fees nationwide

Requirements to earn advertised interest rate:

• Minimum of 10 debit card purchases (ATM usage does not count toward the 10 purchases)
• 1 Automatic Payment or Direct Deposit transfer
• Receive your monthly account statement electronically
• Sign in to your online banking account at least once

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