Will Reward Checking Last In the Long Run?
Filed under: Banking and Credit Cards | Keywords: checking account
You have probably heard of these checking accounts offered by smaller ("community") banks and credit unions. They are branded different names but they work very similarly. The concept is called reward checking. A typical reward checking account offers
- no minimum balance
- no monthly fee
- high yield up to a point (4% up to $25,000 is about average these days)
- ATM fee refund up to a point ($15-20 a month)
In exchange, it requires
Subscribe
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The Little Book of Main Street Money by Jonathan Clements
