My mom found a cool website that she shared with me, and I want to pass it along to you. It’s called CheckingFinder.Com. You type in your zip code, and it searches for banks that offer high-yielding, interest bearing checking accounts.
I typed in my zip code and the closest bank that it came up with was about 250 miles away, but you might have better luck than I did. All of the banks it listed were showing 5% to 5.5% interest rates for balances up to $25,000. That really caught my eye. I’ve never come across a checking account that offers 5% interest on your money! It’s worth checking out. We need to respond to the large banks like Bank of America and Wachovia by taking our money to smaller, local banks that offer great checking account products.