Rewards Checking Accounts: Find the Right Bank

With a Rewards Checking account you get paid if you meet certain requirements, such as making 10 debit transactions or receiving e-statements; otherwise your checking account is treated as a typical 1% interest checking account. What’s not to like about that? It’s a win-win, you can’t get penalized. But, the key is to find a bank or credit union that you can trust. One that is not just offering teaser rates to get you to open up an account. Here are a few tips to help you choose the right bank or credit union for you to open a Rewards Checking account.
1. Study the history of the accounts APY rates. If the rate seems to be consistently decreasing or suddenly dropped by 2-3 percent I would recommend staying away from that account. Look for an account above 5% interest that has been at a steady rate for at least a year.
2. Look up the bank star rating at Bauer Financial. A four or five star ranking is a trustworthy bank, with a good reputation.
3. Finally, call the bank and talk to a representative. Almost all Rewards Checking accounts are online, but if you want to get a feel for the customer service the bank offers, call and discuss the account first with a representative before you apply online.
Basically, you want to find a bank or credit union that you can trust with your money and treats you well. Take a little time, use the mentioned tips, and don’t rush into opening an account. Another step you can take to make your search easier is read up on the latest account information at MoneyRates.com. They report on all the best available banking rates. For starters, I suggest looking at the Rewards Checking offered from Coulee Bank, out of Wisconsin. They offer 5.01 APY, available nationwide, as well as a 5-star Bauer Financial rating. Use these tips as a start, and soon you’ll be getting paid to use your checking account.

-Robert Post-
Recommended Sites:
Bauer Financial
MoneyRates.com
Coulee Bank