Many reward checking accounts continue to offer yields of 5% APY, and several still offer 6% APY. The best reward checking yield in the nation is 7.01% APY that has been offered by MidWest America Credit Union since at least February of 2008.

These reward checking yields have proven to be more than just teaser rates, but the question remains if these reward checking accounts can keep the high yields and be profitable for the banks for the long term.

 

Submitted: Sep 1, 2008    Views: 157    Comments: 0    Likes: 2   


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