Tag Archive | "reward checking"

Will You Deposit In A Rewards Account For A 6% Interest On Your Checking Account?

Posted on 20 November 2009. Tags: , ,

A 6 % on your checking account looks impossible when managing a 2- 3 %seems to be a difficult task right? Well, it might, but these days there are quite a number of community banks and credit card unions offering you that amount on your checking accounts. According to Randy Rosen, market researcher, Informa Research Services, reward accounts have now become very common, though they were offered by just a few companies before. You might think why reward checking programs are gaining popularity with banks. This is because of the symbiotic benefits that can be achieved by the banks as well as the account holder in such a situation. The bank benefits doubly with people who hold reward accounts than with people who hold normal accounts. This is because people with reward accounts maintain higher [...]

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