High Interest Checking Accounts Paying Over 4%
Most checking accounts pay almost no interest. However, there are 3 banks currently paying over 4% in interest for checking accounts.
Royal Bank is currently paying 4.3%, Bank of the Sierra is paying 4.09% and Danvers Bank is paying 4.01%.These rates are variable and will change.
Of course there are requirements to get the 4%+ interest. The features and requirements are as follows:
Royal Bank
Requirements to Receive 4.30% APY
15 Point of Sale Debit Card Transactions
1 Direct Deposit and/or ACH Debit/Credit
E-Statement (must provide valid e-mail address)
Features
$100.00 minimum to open
No minimum balance once opened
No monthly service fee
4.30% Annual Percentage Yield (APY) earned on daily collected balances up to $24,999
Rate accurate as of October 1, 2009 and has been the effective rate since May 7, 2009
Access to ATM’s Nationwide
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Royal Banks MasterCard Debit Card
FREE Royal Banks Online Banking and Bill Pay
Bank of the Sierra
Requirements to Receive 4.09% APY
Minimum 12 Sierra Check Card purchases per statement cycle (Purchases must be posted, not pending — excludes ATM transactions)
Minimum one direct deposit or automatic payment from your account per statement cycle (must be posted, not pending)
Make at least one payment using Sierra BillPay per statement cycle (must be posted, not pending)
Enroll & receive Sierra eStatements
Must be opened online
Features
Earn 4.09% APY on balances up to $25,000
Earn 1.01% APY on balances above $25,000
If monthly qualifications are not met, you still earn .12% APY
Reimburses up to $25.00 in ATM fees nationwide per statement cycle
Free Sierra eStatement every month
Free Sierra Bill Pay
Free Sierra Check Card
No monthly service charge
Overdraft protection available with a savings account or apply for a line or credit
Danvers Bank
Requirements to Receive 4.01% APY
Perform at least 12 debit card transactions (excluding ATMs)
Receive their monthly statement electronically
Access Online Banking
Sign up for direct deposit or receive a recurring ACH.
Features
Pays a rate like a CD (4.01%APY) without tying your funds up for a fixed period of time
No daily minimum balance requirements to satisfy
No monthly maintenance charges
Enjoy refunded ATM fees nationwide
Money is available 24/7 through a Danversbank Debit MasterCard
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