Best Online Checking Account Rates – Move Your Money to Community Banks

If you are looking to get the best online checking account rates then you may want to consider moving your money to community banks. There are many local community banks spread throughout the country that are offering interest rates above 4% on checking accounts. It would be wise to gain a higher yield on your checking account through these local community banks.


Most national banks are not offering an interest rate above .4% no less 4%. If you do research on local community banks in your area you could find there are several options available that will give you a very attractive yield. Please understand that not every area will have a community bank that is currently offering high interest rates on checking accounts.

By doing some google searches you are likely to find that there are many banks spread throughout the country that can offer you an interest rate that is above 4%. Some of these banks are even offering a yield that is higher than 5%. It is important to note that you must be a citizen of a particular area to have the opportunity to apply for one of these checking accounts.

The only restrictions for these accounts are usually that you use an ATM or debit card at least 10 times a month and that you have one electronic transfer into the account once a month. If you can meet these requirements you will see a very high yield on the money in your checking account.

Author: Mike Garner