Do you use an online checking account such as Ally, Capital One 360, USAA, Fidelity, or Schwab? If you do, here’s a challenge: How do you deposit cash to it? It would be cheating if you first deposit the cash to a local, brick-and-mortar bank and then transfer it to your online bank. In that […]
Will Reward Checking Last In the Long Run?
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 […]