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…

20 year CD Rates yielding above 4.0% APY. Would you invest?

If you’ve been in the market for a bank CD for the past year or so then you’ve undoubtedly been frustrated by the interest rates banking institutions are currently offering. Credit unions and online banks – institutions generally touting the best rates on deposits are advertising APYs that may not even beat inflation in the next 6 months – and the CD rates offered by the big banks are practically non-existant. Read more…

Lake Michigan Credit Union’s “Max Checking” paying 4.0% APY

It’s been a while since we reported on any spectacular high yield checking accounts mainly due to their tanking rates, however, we found one credit union still boasting a 4% APY checking deal (if you can meet the requirements).

Before you proceed with one of these accounts remember that interest checking accounts or “Rewards Checking Accounts” are not for every one. They come with fairly rigid monthly requirements which must me met Read more…

ReliaBank Dakota’s “Ultimate Checking Account” – 4.07% APY

ReliaBank Dakota has moved to the number 3 spot on BankVibe’s high interest checking account chart this month with an “Ultimate Checking Account” which provides yields of up to 4.07% APY on balances up to $25,000. Unlike most interest checking or rewards checking accounts this one comes with no minimum balance requirements, although you must make an initial deposit of at least $50. You must meet the monthly requirements which are Read more…

Earn 4.0% APY with this high yield checking account

Here is another fairly nice high yield checking account, this time offered through Lake Michigan Federal Credit Union. Their “Max Checking Account” provides an interest rate of 4.0% APY on all deposits up to $15,000. And although they are located in Michigan, they open their doors to potential customers nationwide.

Here are the details:

It’s free – there are no fees, and no minimum balance Read more…