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High Interest Checking Accounts Paying Over 4%

March 16, 2010 | Bank Rates | No Comments

Most checking accounts pay almost no interest. However, there are 3 banks currently paying over 4% in interest for checking accounts.

Royal Bank is currently paying 4.3%, Bank of the Sierra is paying 4.09% and Danvers Bank is paying 4.01%.These rates are variable and will change.

Of course there are requirements to get the 4%+ interest. The features and requirements are as follows:

Royal Bank


Requirements to Receive 4.30% APY

  • 15 Point of Sale Debit Card Transactions
  • 1 Direct Deposit and/or ACH Debit/Credit
  • E-Statement (must provide valid e-mail address)



  • $100.00 minimum to open
  • No minimum balance once opened
  • No monthly service fee
  • 4.30% Annual Percentage Yield (APY) earned on daily collected balances up to $24,999
  • Rate accurate as of October 1, 2009 and has been the effective rate since May 7, 2009
  • Access to ATM’s Nationwide
  • Royal Banks MasterCard Debit Card
  • FREE Royal Banks Online Banking and Bill Pay


Bank of the Sierra


Requirements to Receive 4.09% APY

  • Minimum 12 Sierra Check Card purchases per statement cycle (Purchases must be posted, not pending — excludes ATM transactions)
  • Minimum one direct deposit or automatic payment from your account per statement cycle (must be posted, not pending)
  • Make at least one payment using Sierra BillPay per statement cycle (must be posted, not pending)
  • Enroll & receive Sierra eStatements
  • Must be opened online



  • Earn 4.09% APY on balances up to $25,000
  • Earn 1.01% APY on balances above $25,000
  • If monthly qualifications are not met, you still earn .12% APY
  • Reimburses up to $25.00 in ATM fees nationwide per statement cycle
  • Free Sierra eStatement every month
  • Free Sierra Bill Pay
  • Free Sierra Check Card
  • No monthly service charge
  • Overdraft protection available with a savings account or apply for a line or credit


Danvers Bank


Requirements to Receive 4.01% APY

  • Perform at least 12 debit card transactions (excluding ATMs)
  • Receive their monthly statement electronically
  • Access Online Banking
  • Sign up for direct deposit or receive a recurring ACH.



  • Pays a rate like a CD (4.01%APY) without tying your funds up for a fixed period of time
  • No daily minimum balance requirements to satisfy
  • No monthly maintenance charges
  • Enjoy refunded ATM fees nationwide
  • Money is available 24/7 through a Danversbank Debit MasterCard
  • Points2U rewards

FNBO Direct Paying 5X Traditional Savings Account

March 8, 2010 | Bank Rates | No Comments

Banks today are paying almost nothing for a savings account.  However, FNBO Direct is currently offering 5 times more (1.25% vs. 0.26% with a traditional savings account) with no balance minimums.  You can manage your account securely online and your deposits are insured by the FDIC up to $250,000.

FNBO Direct is owned by First National Bank Omaha which is a subsidiary of 150 year old First National of Nebraska, a multi-state holding company located in the heart of downtown Omaha.

First National of Nebraska and its affiliates have $20 billion in managed assets and more than 6,000 employees located in 35 states.

To sign up visit

Royal Banks of Missouri Offering 4.30% APY

October 5, 2009 | Bank Rates | No Comments

Royal Banks of Missouri is offering 4.30% Annual Percentage Yield (APY) earned on daily collected balances up to $24,999.  Of course there is a catch.

You will have to complete 10 Point of Sale Debit Card Transactions, 1 Direct Deposit and/or ACH Debit/Credit and receive your statements via e-mail each statement cycle.  There is a $100.00 minimum to open an account; however, there is no minimum balance once opened and no monthly service fee.

If you meet the stated requirements each statement cycle, you will be refunded up to $25.00 in Foreign ATM service charges at the end of the current statement cycle.  If you fail to meet the above requirements, all Foreign ATM fees incurred will not be refunded.

The 4.30% APY will be paid on balances up to $24,999.  For balances over $25,000, a rate of 1.40% APY will be applied to the portion of the balance that exceeds $25,000.  In addition, if you fail to meet the above requirements, the interest rate will drop to .15% APY for the current statement cycle.

For more information visit

H&R Block Bank Offering 2% APY on 6 Month CD

September 11, 2009 | Bank Rates | No Comments

H&R Block Bank is currently offering 2% APY on a 6 month (180 days) CD.  There is a $10,000 minimum deposit with no maximum.  This promotional offer is available from September 1, 2009 to September 30, 2009.

If you withdraw early the penalty is 30 days interest.  After the CD matures, you have a 10 day grace period to decide if the CD will be renewed.

For more information visit

Darby Direct “36 Month Step Up CD” is a Great Deal

September 4, 2009 | Bank Rates | 1 Comment


This deal sounds too good to be true!  Darby Direct has a “36 Month Step Up CD” that pays an initial rate of 3.0% APY at account opening.  On 8/15/2010 the rate will adjust to 4.0% APY and on 8/15/2011 the rate adjust again to 5.0% APY.  Currently, the average 36 month CD only pays about 1.75% APY.

Kind in mind that there are substantial penalty for early withdrawal.  So be certain you won’t need the money for the next 3 years.   This is a high-yield savings account that you manage online. There are no monthly fees, no minimum balances, and you can access your money anytime. You can link your account to any other accounts to send money back and forth.

Unfortunately, this offer is only available to residents of the state of Georgia.

If you never heard of Darby Direct, they are the online division of 80-year-old Darby Bank and Trust Co., which has nine branches in southern Georgia.

For more information visit

easyGrow Checking Paying 4.01% APY

September 1, 2009 | Bank Rates | No Comments


easyGROW Checking is offering an amazing rate of 4.01% APY for its free checking account plus automatic ATM free refunds worldwide each month, as long as the following 3 criteria are met:

  • Make 10 purchases with our VISA Check Card. (ATM transactions not included. Purchases must be posted, not pending.)
  • Ensure one (1) Direct Deposit or one (1) Automatic Payment occurs from your account.
  • Enroll in e-Statements to receive your statement electronically, so you can save to your computer and view anytime you’d like.


As an added benefit to easyGROW Checking, you also get:

  • No minimum balance
  • No monthly service charge (Other fees may apply.)
  • Open with as little as $100
  • FREE online banking
  • FREE online bill pay service


For more information visit

Best 12 Month CD Rates as of 7-15-2009

July 15, 2009 | Bank Rates | No Comments

Below are the best 12 Month CDs as of 7/15/2009.

Bank Name CD Rate Minimum
DollarSavingsDirect 2.25%* $1,000
Ally Bank 2.10% $1
Discover Bank 2.10% $2,500
Everbank 2.00% $1,500
HSBC Direct 2.00% $1
Emigrant Direct 2.00%* $1,000
Bank of Internet 1.70% $1,000
ING Direct 1.50% $1
Citibank 1.50% $500
E*Trade Bank 0.55% $1,000

*Rate applies to sixteen month CDs.