Checks and Bank Checking Accounts: High Interest Checking Accounts Unclothed

By Bod Blake


Bank customers often encounter lots of tempting checking account plans which opens their desire to enjoy the privileges of owning one.

You need to conform first with their expectations of becoming a loyal patron and an on time payer to their bank in order for you to qualify. One very good example would be spontaneously using their online mode of bill payment service in paying your debit card for a month or more.

Bankrate studies show that approximately 50 banks all over the country offers checking account plans with high interest rates to their patrons. Along these plans are interest rates which gets as high as 6% or half of it, depending on your efforts.

What happens if you get one and enjoy its privileges for several months then all of a sudden you got no more transactions to do which possibly disqualifies you from getting high interest rates. Thus, their main option is to pull back your rate to the regular ones which considerably cuts it into half percent.

Unnoticeably, interest rate of 3 - 6% are still included in the bank's strategy to lure their clients not to put an end on their savings and stocks and dumping it all up to their high interest accounts of business checks. Typically, banks discourage big personal investments for account types such as these checking accounts.

To guard against this, high interest checking account plans usually come with a ceiling on how much money you can hold in them - usually it's something under $30,000. Money invested more than the account's limit usually falls to default interest rates. However, if you'd want to reach peak interest rates, banks commonly put a ceiling of about $1000 per account.

Getting in touch with banks or credit unions like these is not that difficult; but if you are having a tough time locating a high interest checking account in your area, you just need to search around. The biggest complaint most people have with high interest checking account plans is the fact that they have a few simple rules for how many transactions a month you must have to qualify, among others. Online purchases on payroll checks, blank checks and softwares would definitely save you lots of dollars. You can get prime quality computer checks and blank paper checks at low prices, online. Additionally you find it a convenient spot to order computer checks for payroll checks for your business at PayrollChecksStore.com.

Surpassing the rules that bind business checking accounts is just easy. All you have to do is make use of your debit card in purchasing groceries and buying yourself lunch. When the reward for that is a 6% interest rate, what is to complain about?




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