CHECKING ACCOUNTS » High Yield Checking

It’s not often you come across and checking account that offers high interest, so don’t let the opportunity pass when you do. For instance, First Peoples Bank is providing customers with an outstanding checking account offer as high as .85% APY.

Checking account rates are offered on a tiered basis–balances of $5,000 and over earn the advertised rate. Fees could reduce earnings  on the account and rates are subject to change at any time.

Current Bank of America customers can expect to see new fees in the second half of 2011 if they don’t actively participate in new bank rules, according to a recent announcement. As BofA tries to regain revenue lost from new regulations set in place by the government, it plans to charge fees on new types of bank accounts.

How to Avoid New BofA Fees

A checking account rate can help depositors in Euclid, OH save money without creating hiccups in daily routines. Just by regularly using a checking account from G.I.C. Credit Union, members can begin earning a 0.50% APY checking account rate. Life demands flexibility and a checking account rate can offer the convenience of unlimited withdrawals and deposits that fits any person’s lifestyle.

Checking Account Rate Terms and Conditions

Centra Credit  Union is a full-service financial credit union with a wide variety of banking options. Currently, this credit union is offering a highly competitive checking account interest rate at .50% APY.

In order to be eligible for this checking account offer and earn the stated interest rate, you must maintain a $5,000 minimum balance. Rates and account terms are subject to change at any time without prior notification. Contact Centra Credit Union directly for more details.

Most checking accounts do not accrue much interest, but that doesn’t mean you have to be stuck with a typical checking account. Take advantage of an outstanding checking account rate from The Bank of Tescott with a .50% APY.

In order to be eligible for this high yield checking account, there is an initial $500 minimum deposit requirement. Rates on this account are subject to change at any time, so please contact the bank directly for more information.

Your free checking account is at risk. Financial institutions that once offered these perks for customers are beginning to shutter the practice and charge fees for even the most basic of banking services. With the financial crisis of 2007 hammering banks and increased regulations in the industry hampering their revenue streams, banks are readjusting their strategies and free checking accounts may soon come to an end.

Checking accounts have not always been free, however. The concept has been around only since the 1990s, but quickly became widely popular account option for most people. Even so, that isn’t to say all banks with free checking accounts are going the way of the dinosaur. If you do happen to be one of the unlucky people losing their banking perks, should you immediately begin shopping for a new checking account?

Just because a checking account isn’t technically an investment tool, doesn’t mean you can’t earn some interest on your balance. NUVO Bank & Trust is giving customers extra incentive to keep their balances high with a checking account interest rate of .75% APY.

You must maintain a balance of $10,000-$24,999.99 to receive this checking interest rate. This is a free checking account too, which means you don’t have to pay a monthly service fee if all terms of the account are met. It also comes with free online banking, bill payment, telephone banking and e-statements. Rates are subject to change without notice.

The Peoples Independent Bank provides customers great interest rates, no matter what type of account they hold. Even the NOW checking account offers an outstanding checking account rate of .75% APY.

There is an $800 minimum deposit to open a NOW checking account. Maintaining this minimum will also waive the monthly service fee. Interest is accrued daily and paid monthly. Please note that rates are subject to change at any time without notice.

If you never knew that a checking account could compete with the interest offered by money market accounts and CDs, take a look at what Global Credit Union has to offer. This credit union is currently offering members an unheard of checking account interest rate of 2.03% APY.

The eVelocity Checking Account provides account holders with this amazing rate on balances under $10,000. There are a few requirements to earn this checking account rate besides being a member of the credit union: You must sign up for eStatements and opt-out of paper statements, log in to eBranch (online banking) at least once per cycle, receive an automated deposit or withdrawal to this checking account of at least $100 per cycle and use your debit card for at least 12 purchases per cycle.

As an online bank, Ally Bank is able to give account holders better interest rates than those of traditional brick-and-mortar financial institutions. For example, they provide an online checking account that currently offers a checking interest rate of .50% APY.

Any balance under $15,000 earns this checking account rate. The APY is compounded daily and your earnings may differ as rates change over time. Since Ally is a direct bank, all transactions will be conducted over the web, phone or ATM.