• Rosalie

    One thing you failed to mention is that while these reward checking accounts have a maximum balance on which they will pay the advertised high interest, money above that amount will still earn interest, although the rate is usually a lot lower. For example, I have a reward checking account that pays $3.5 on all money up to $25,000 and .50% on the remaining balance above $25,000. While .50% is significantly less, it still far exceeds what other types of interest-bearing checking accounts earn (which is maybe .05% – .20% and often only if you maintain a very high minimum balance).

    Definitely consider opening more than one reward ckg acct, though, if your checking balance is high and you use your debit card a lot.

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