I wish I have one of these 6.01% Checking Accounts where I live. I would definitely join, do the mandatory requirements, and pay all my bills from it. No more headache with chasing rate since it is a liquid account. The biggest killer is the 12 debits transaction requirement. I guess you would have to pump twelve $1 gas or go to your local Walmart and swipe 12 items separately or pay/donate 1 cent twelve times…you get the idea.
Arkansas: Parkway Bank *Rate is good up to 25K*
- 10 debit transactions per month
- Direct Deposit or ACH auto debit
- Log on to Parkway Bank’s internet banking once
- Receive an electronic statement instead of a paper statement
Arkansas: Bank of Little Rock *Rate is good up to 25K*
- 10 debit transactions per month
- Direct Deposit
Colorado: 1st SouthWest Bank *Rate is good up to 25K*
- 10 debit transactions per month
- Direct Deposit or ACH auto debit
- Sign up to e-statements
Kansas/Missouri: Equity Bank *Rate good up to 25K*
- 10 debit transactions per month
Massachusetts: Danvers Bank *Rate is good up to 100K*
- 12 debit transactions per month
- Signing up for monthly direct deposit or receiving a recurring ACH debit
Massachusetts: Florence Savings Bank *Rate is good up to 100K*
- 12 debit transactions per month
- Direct Deposit or ACH debit
- Sign up e-statements
New York: Northern Federal Credit Union *Rate good up to 25K*
- Direct deposit or ACH debit
- 10 debit transactions per month
- Sign up for e-statements
- Login online banking at least once a month
Nevada: Clearstar Financial Credit Union *6.1% Rate good up to 25K*
- 12 debit transactions per month
- Sign up for e-statements
- Receive at least one direct deposit or make one direct payment
Washington: Twinstar Credit Union *Rate good up to any amount*
- 12 debit transactions per month
- Sign up for e-statements
- Access online banking at least once a month
If you unlucky like me and none are located near you, the highest Checking account for everybody is 5% APY at ebank. There is no requirement such as # of debit transaction or Direct Deposit.
Also, this might be worthwhile for your kid’s account at Affinity Bank : 10% APY up to 500 dollars.
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I wonder if they’re counting on the debit withdrawls to out-weigh the interest Fees. I’m with ING direct… They seem to do the trick for me
- Bryan
The ebank is a promo, and requires $2500 or $5000 balances to avoid a fee of #10 a month, interest rate may change after opening account.
The kids affinity account is only good in California.
I am in PA so none of these are any good for me =(
great post!!!!! i just contacted affinity–i have to go there in person (closest bank is 1hour away) then I have to also open a gold chx account with them.
thanks for the tip
you rock (and roll of course)
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