Which banks have high interest checking? (around 3%)?Right now I am with a bank called Jeff Davis, and they have a checking account which I get 3% interest however I am almost at my max on the 3%. What other banks out there have high yield interest rates??? Im ok with slightly lower than 3% but I want more than 1%. Doesn't matter where it is |
My credit union pays 4.5% (or so, and under certain conditions) on the first $500 to encourage me to never bounce a check - which saves them money (on paperwork, etc). However, the $ after that earn .1%. To get more, I need to set my $ in long term CD's.
You are doing as well as you can.
No banks in the U.S. pays 3% interest on a savings account.
You must be invested in one of their sceams. The best banks
are paying 1% or less.
I'm assuming that you're writing from the U. S. The interest rate which banks pay is tied to the amount which the Federal Reserve Bank, a branch of the U. S. Treasury department, charges banks. I doubt that you will see any bank in the U. S. paying over .3%. It is likely banks paying as much as .3% have high fees to recover the interest which they pay. NO bank in the U. S. is paying 3%, .
Wow, I have highest savings that I've seen which is 0.3%. I have no idea what Kasasha cash is nor do I want to ever find out. Something is wrong that they can offer 10 X what a real national bank can offer. I wouldn't put a dime into the place if 10K was all I had, but I would definitely give it a shot for 10K personally. I doubt you will find much better than that.
