Sunday, February 17, 2008

High Yield Checking Account Interest Rates Hold Up Better Than Savings

High yield savings account interest rates took a hit again this week (Feb 16) with a majority of the major players again reducing returns. However, high yield checking account returns have held up better. Bankdeals.blogspot.com reports this week that there are still plenty of good returns to be found with high yield checking accounts. Below is a list of places that you can still get a good deal from Bankdeals. The site also has a ton of information about the highest CD, savings, credit union yields, and bank account bonuses for the rate chasers out there.

  • 6.01% Reward Checking at Air Academy FCU
  • 6.01% Reward Checking Account at Charter Bank
  • 5.51% Reward Checking Account at Provident Credit Union
  • 5.09% Reward Checking Account at Consumers Credit Union
  • 5.01% Reward Checking Account at State Bank of Toledo
  • 5.01% Reward Checking Account at Connexus Credit Union
  • 4.44% Reward Checking at First Arkansas Bank & Trust
  • 4.00% Reward Checking Account at First National Bank
PS: Before you jump to a new account for what could be a teaser rate it's a good idea to crunch the numbers with a rate chaser calculator to see how long it will take for that new rate to pay off.