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High Yield or Rewards Checking?

Posted on 8/24/16 at 6:30 pm
Posted by Finch
Member since Jun 2015
3368 posts
Posted on 8/24/16 at 6:30 pm
Mrs. Finch and I usually keep between 30k-40k in our checking. What is the best high yield checking account or is there a checking account that allows you to get rewards like chase used to?
This post was edited on 8/24/16 at 6:31 pm
Posted by TIGERsinceCONCEPTION
Uptown New Orleans
Member since Jan 2009
1093 posts
Posted on 8/24/16 at 6:49 pm to
Capital One offers both types of accounts, but the "high yield" isn't high at all - it is variable, think it is at 0.2% right now.

ETA: just checked my August statement. It is only 0.2%.
This post was edited on 8/24/16 at 6:52 pm
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
78731 posts
Posted on 8/24/16 at 7:42 pm to
Why that much in checking?

I keep $10k in checking and put the rest in a bond heavy investment account that I can get money out of in 3-4 days if I need it.

Earned 8% in the last 6 months. Would have earned almost nothing in the bank.
This post was edited on 8/24/16 at 7:45 pm
Posted by TheBoo
South to Louisiana
Member since Aug 2012
4736 posts
Posted on 8/25/16 at 7:59 am to
Synergy offers 2% on Kasasa checking and 1% on savings. Plus Reimburses all ATM fees if you meet.... the quota
Posted by sneakytiger
Member since Oct 2007
2484 posts
Posted on 8/25/16 at 10:56 am to
I got an offer from Amex (apparently they have a bank now) for 0.90% personal savings account... that's the best I've seen, second to Ally.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
77399 posts
Posted on 8/25/16 at 12:17 pm to
quote:

usually keep between 30k-40k in our checking.


neither

unless that's the amount you need for an emergency fund(which i highly doubt) and real estate reserves it's being wasted.

real estate or monthly dividend paying stock is what you should look into investing in.
Posted by GeauxTigers1983
Ponchatoula
Member since Sep 2015
582 posts
Posted on 8/25/16 at 9:48 pm to
Discover Card offers interest checking. I checked today. It's 0.95%
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