Best High Yield Online Checking Account Rates, September 2009
If you keep a lot of money in your checking account, moving your money to a high interest checking account may be a good move. Below is a list of nationally available highest yields checking accounts. All of these accounts are FDIC insured up to $250,000. Your principal is protected and you’re guarantee a positive nominal return on investment.
Checking Accounts With Highest Interest Rate
As of 9/3/2009 the highest yield savings accounts are:
| Bank | Interest Rate (APY) | Minimum Deposit | Details |
|---|---|---|---|
| EverBank FreeNet Checking Account | 1.20% | $1,500 | 2.51% 3-month bonus rate and 1.20% first-year APY (up to $10k) all year long, Award-winning online banking, Live customer service 24/7, Unlimited check writing. |
| Bank of Internet High Interest Checking | 1.15% | $500 | Highly competitive rates, ATM reimbursement (up to $8 per month), Free initial checks and check images, Free online bill pay. |
| E*Trade’s Max-Rate Checking Account | 0.40% | $5,000 | No ATM fees, Free one-click transfers, Unlimited check writing, Online check and deposit image, Free online bill pay and advanced reporting. |
| ING Electric Orange Checking | 0.25% | $1 | Earn up to 1.65% APY with a balance of $100,000 or more, Free MasterCard Debit Card for all purchases, Free online bill pay, Free access to over 35,000 ATMs through the Allpoint network, Free postage |
| UnivestDirect | 0.25% | $100 | |
| Charles Schwab Bank | variable | $1 | Variable rate, changes daily. |
Alternative Places For Your Money
Since there aren’t that many high interest checking options, you may want to open your checking account that also offers high yield savings or high interest CDs. For example, EverBank and E*Trade would be good candidates for this type of combo set up.
Please review information associated with each offer before you sign up. Rates and conditions change constantly and I have reported what I believe to be the most accurate information at the time the article was updated.
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