High Yield Checking Account – Savings Account Rates Over 3% on Bank Account In June 2010
Posted on | June 28, 2010 | Comments Off
A high yield checking account can help many Americans build great wealth over the next several years and decades. At the present time there are savings account rates over 3% at some community banks throughout the United States. While this may seem to good to be true it is often the case at community banks looking to build capital.
In June 2010 there are some community banks that are offering interest rates as high as 5% on a checking account. It is important to note that you must be a resident of a specific county or area to have any opportunity to lock in to interest rates at these high levels.
It is also the case that most of these high yield checking accounts require some actions from customers. Customers often must use an ATM or debit card at least 10 times a month and have one electronic transfer into the account at least once a month. If you can do this then you can receive an attractive interest rate.
Before making any financial decisions it is always wise to do your research. With the advancements in technology it is now easier than ever to do personal finance research online. Take advantage of these opportunities to check out the ratings on any bank or financial institution.
Author: Tiffany Mann
Tags: bank account rates > checking account > checking account rates > high yield checking > high yield checking account > high yield savings account > savings account > savings account rates