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Interest bearing checking account

February 7th, 2008 at 01:50 pm

My business checking account pays interest. I sometimes have a lot of money in there. However, the interest rate they pay is 1/2 of one percent. (.005%)
so I can have like $17,000 sitting there and earn about 20 cents in interest a day. Not a very good deal for me, but a great one for the bank!

5 Responses to “Interest bearing checking account”

  1. nance Says:
    1202394825

    Lots of on-line banks, like ING have high interest checking accounts.

  2. mulyanto Says:
    1202406828

    ING has high interest checking at 2.25% for $0-$50,000. E*trade has interest checking for 3.25% for >$5,000

  3. Ima saver Says:
    1202421148

    My problem is that I write a lot of checks to people that don't have checking accounts, so I need something local. I also write about 50 checks a month.

  4. billm950 Says:
    1202851035

    You could always keep money on an acct like etrade/ing and transfer the money out when you need it....

  5. Tony Roberts Says:
    1212594111

    Coulee Bank ( http://www.couleebank.net ) offers an incredible 6.01% APY with their Rewards Checking account. The rate is easy to earn. All you have to do is make 10 check card transactions a month, use e-statements, and do 1 automatic payment a month (they call it ACH). Coulee Bank pays 6.01% on the first $25,000 and 1.01% on anything above that. The best thing about this account besides the rate is it is FREE, you can apply online, and it is from a great bank with real people that answer the phone. And as they like to say, Banking Green has its Rewards. The Rewards Checking account saves paper and preserves our natural resources. No wonder I feel good about recommending this to everyone I know. Check it out. I guarantee you will love it.

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