Mostly about Utah
A New Rewards Checking Account Since Coulee Bank dropped their rewards checking rate from 5% to 4% I have been looking for another bank. There are several banks that still offer 5% on their rewards checking accounts but there is one difficulty -- they all take local customers only. This didn't used to be but gradually many banks have withdrawn from the national market. Hence I decided on a bank … [Read more...]
Less than a week after updating my list of banks offering Rewards Checking I was applying to some of those same banks to open an account. Deseret First Credit Union had dropped their rate from 5% to 3% but Coulee Bank still maintains 5% (now 4%) on their rewards checking. I am now short one bank so I go in search of a better return. Join me in my over six week long odyssey as I attempt to sign-up with … [Read more...]
Regular readers of the Rickety blog know that I am a big fan of rewards checking accounts. They have a high interest rate, are FDIC or NCUA insured, and are very liquid. Lately I have been tracking accounts that pay 6% or more but today I will make an exception. One of the drawbacks of banks that offer rewards checking is that it is usually not straight-forward to get signed up, unless you live close … [Read more...]
Updates 26 Dec 2008 Recently the rewards checking rate dropped to 4% at Lee County Bank and Trust. See Bank Rewards Checking for banks still offering at least 5% on their rewards checking. 8 Jan 2009 Today I received notice that tomorrow the rate drops to 3%. Good grief that's hardly rewards checking and I'm sure some customers will not appreciate the short notice. One wonders if the bank is in … [Read more...]
Ever since my own internet bank dropped their interest rate from 5.2% to 2.5% I have been looking for a better place to park my spare cash. I saw a lot of banks advertising rewards checking at rates between 4% and 6.01%. I identified a few at 6.01% that were out of state. Several had very clunky Internet sign up procedures such that I was unable to sign up online. For example, at one bank my browser … [Read more...]
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