Interest Bearing Checking Accounts
Everyone should be making the most of the money they have. It should always be put to work, and letting your money sit in a bank account that is not earning any interest is a bad practice. There are a lot of checking accounts that earn an interest rate off your money. There are a number of big banks like Bank of America that do not give you any interest from the money sitting in your checking account. The more money you have sitting in your checking account, the more concerned you should be about having an interest bearing checking account. A lot of people keep their money in their checking account, and the savings account they have connected with it will have almost no money. A number of banks, including the online banks, are offering good deals on interest bearing checking accounts, and it is good news because a lot of these accounts are free. Not only is a good deal to earn interest, but it is even sweeter to get a free checking account.
Free Checking Accounts that Earn Interest
Banks like Citi are changing their rules for free checking accounts. If you want to get a free checking account, it is going to require you to collectively have a $1,500 balance in all your Citi bank accounts. No big deal, they did not give any interest for money sitting in checking accounts. Just about all of the banks that give interest bearing checking accounts are going to give you the new bank account for free. There are some good places that are based online, and a couple of them are ING and HSBC. Good banks and they give good deals too. When you are looking around for a new bank account to open, you should always compare at least 3 or 4 different banks so you can get the best deal. Banks will have new promotions running, and you never know when a good promotional deal will pop up when you are looking for a new checking account that will earn you an interest rate.