High Yield Savings Account – Community Banks with Interest Rates Over 4% on a Checking Account Today
Posted on | May 28, 2010 | Comments Off
Many Americans are currently seeking a high yield savings account as they have done a much better job of saving more than they are spending. With Americans learning from their mistakes of the past and is now the case that they are seeking high yield checking and savings accounts.
At the present time there are community banks that are offering interest rates over 4% but it is important to do your research and understand where these are available. Many of these high interest rate checking accounts are only available from community banks with many restrictions.
If you are not a member of a specific community that it is highly likely that you will not be able to submit an application. This means it would be wise to contact the banks in your local area to see what offers are currently available. You may find that there are very high interest rates just down the road from where you live.
It is also the case that you will likely have to use an ATM or debit card at least 10 times a month to receive the high interest rate. Another common restriction is the must have one electronic transfer and to the account at least once a month. By meeting these requirements you could receive a very high interest rate on your checking account.
Author: Alan Lake
Tags: checking account interest rates > checking account rates > community bank interest rates > community bank rates > high yield checking account > high yield savings account > savings account rates