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Banks and Credit Unions Should be Very Afraid if Checking Accounts Are on Amazon's Agenda Image Wired.com

Banks and Credit Unions Should be Very Afraid if Checking Accounts Are on Amazon's Agenda

Checking accounts are already a loss leader for banks and credit unions. They aren’t a high margin product, but are offered to create a nexus to customers who may then interact with the institution in other higher margin deposit and... Read →

Consumers Credit Union has a free rewards checking account in which depositors can earn up to 5.09% APY on balances up to $10,000. There are no fees with the account and the credit union will refund fees from other banks' ATMs when the reward requirement balances are met. Best of all this account is available nationally, anyone can join the credit union and open it, and access is nationwide do to the credit unions participation on a co-op program.

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The WSJ reported today that Bank of America has begun to test a new checking account that charges $4.95 per month but won't allow overdrafts. The account is targeted to low balance customers that won't meet other account balance... Read →

A new survey of bank users found that 80% rank their bank as excellent or very good in accessibility. Does this match your experience?

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Checking customers are at risk of paying high overdraft penalties and having their accounts involuntarily closed if they opt-in to bank overdraft programs when opening checking accounts according to a report released today by the Consumer Financial Protection Bureau (CFPB).

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Cardinal Bank, headquartered in Mc Lean, VA and with 27 branches in the Washington D.C. metro area is offering a checking account that pays a 1.21% APY on balances up to $100,000.

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Rewards checking accounts provide their holders with a premium interest rate, a free checking account, and often ATM rebates in return for the owner undertaking certain activities specified by the bank.

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The conventional wisdom regarding Bank of America's decision to delay the imposition of fees on checking account holders who do not maintain a minimum balance has been that they were fearful of a consumer backlash similar to the one they experienced last year. It is not that simple.

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If you live in one of over 16 southern states, you can earn a $125 bonus for a new account at Regions Bank. But you have to act fast: this promotion ends September 30th, 2012.

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ING Direct has begun their annual "Financial Independence Days Sale" which will run through 11:59 PM RT on July 3rd.

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In the market for a new checking account? Citizens Bank is offering a bonus of $125 for new customers to open a checking account, and an extra $100 for a money market or CD account - but you have to act before June 2, 2012.

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Starting on March 1, 2012, Everbank is offering a bonus rate of 1.05% APY to new Yield Pledge Checking and Yield Pledge Money Market customers.

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Cardinal Bank, headquartered in Mc Lean, VA and with 27 branches in the Washington D.C. metro area is offering a checking account that pays a 2.01% APY on balances up to $100,000.

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We're going to start the 2012 weekly rate deals with a rewards checking account from Consumers Credit Union that pays 4.09% APY. Unlike many credit unions, anyone can easily join Consumers Credit Union, and because the bank has online banking and an online application, the account is available nationally.

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Bank Rewards Programs That Put Cash In Your Pocket Image Image courtesy of posterize at FreeDigitalPhotos.net

Bank Rewards Programs That Put Cash In Your Pocket

Interest rates are low. We know that. That doesn't mean there aren't some other ways to generate a few extra bucks from your bank. In fact, some banks are offering rewards programs that might be worth a second look. Below are a few ideas. None of these compensate for average savings rates below1%, but they may help a little.

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