Quote:
Originally Posted by braxton
What bank with interest bearing checking would you guys recommend:
-Citibank
-ING Direct
-eTrade
I think they all have minimum balances, if there are any other suggestions for interest bearing checking accounts, i'd love to hear them.
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I don't think it is any contest. Century Bank Direct has the highest interest on checking and savings of any online bank offering both. With a free debit card w/ATM fee reimbursement, paper checks w/first order of checks free, free online bill pay, etc., etc. I would definitely recommend them.
Even so, I have listed the offerings that I am aware of below for your consideration.
A comparison:
ING Direct Electric Orange Checking
link
Checking: 1.75
Savings: 3.00
Pros: No min, No fee, Easy transfers,
Con: No paper checks
UnivestDirect Any Time Online Checking
link
Checking: 1.75
Savings: 3.00
Pros: $1 min, No fee, Easy transfers, Debit card
Cons: Checks cost $18
SalemFiveDirect
link
Checking: 3.00
Pros: No min, No fee, No need for separate checking and savings, Debit card, Free 1st order of checks
Schwab Bank High Yield Investor Checking
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Checking: 2.01
Pros: No min, No fee, Free standard checks, Debit card
Cons: No savings account offered by Schwab Bank
E*TRADE Financial Max-Rate Checking
link
Checking: 3.25
Savings: 3.15
Pros: High interest, No fee, Debit card, Free first order of checks
Cons: Must maintain $5K balance to earn stated interest and avoid fee
Century Bank Direct Checking
link
Checking: 3.35
Savings: 3.41
Pros: $100 to open, No fees, No minimum balance, Free initial order of checks, Debit card
(Century Bank Direct also offers a higher interest MMA with a $1K to open minimum.)