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Teauxler
LSU Fan
Baton Rouge
Member since Jan 2010
2757 posts

high yield checking account
quick question... i found a high yield checking account offering 3% APY. there savings accounts only offer 1%.

what am i missing ?


SLafourche07
New Orleans Pelicans Fan
Member since Feb 2008
6506 posts

re: high yield checking account
Probably having to have a direct deposit and ~15 transactions per month to get that rate.


Teauxler
LSU Fan
Baton Rouge
Member since Jan 2010
2757 posts

re: high yield checking account
i found the catch... only up to $20k


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60
MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
3435 posts

re: high yield checking account
Can you pass along the bank info? I’m curious.


Teauxler
LSU Fan
Baton Rouge
Member since Jan 2010
2757 posts

re: high yield checking account
TDECU


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10
molsusports
Ohio State Fan
Member since Jul 2004
30732 posts

re: high yield checking account
You could look into a credit union instead


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#1TigerFan
LSU Fan
Member since Apr 2005
1339 posts
 Online 

re: high yield checking account
Pelican State FCU has a high yield checking acct that pays 5.01% APY for deposits up to $7,500, and .81% above $7,500


AmosMosesAndTwins
New Orleans Saints Fan
Lake Charles
Member since Apr 2010
14168 posts

re: high yield checking account
quote:

Pelican State FCU has a high yield checking acct that pays 5.01% APY for deposits up to $7,500


Damn


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Tigerholic
LSU Fan
Member since Sep 2006
1738 posts

re: high yield checking account
Can I do multiple $7500 accounts?


baldona
Auburn Fan
Florida
Member since Feb 2016
10907 posts

re: high yield checking account
quote:

Pelican State FCU has a high yield checking acct that pays 5.01% APY for deposits up to $7,500, and .81% above $7,500


This seems fishy to me, are they trying to raise money or something? 5% is above prime.


AmosMosesAndTwins
New Orleans Saints Fan
Lake Charles
Member since Apr 2010
14168 posts

re: high yield checking account
quote:

Can I do multiple $7500 accounts?


Tried this with my credit union, no dice. Had my wife go open one in her name.

Mine is at 3.25% on the first 10k now I think. Was higher when I opened the account. That 5% will likely come down at some point.


#1TigerFan
LSU Fan
Member since Apr 2005
1339 posts
 Online 

re: high yield checking account
quote:

Can I do multiple $7500 accounts?


When they first started their Kasasa Checking account you could have multiple accounts, but I think they have cut that back to only one maybe 2 accounts


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#1TigerFan
LSU Fan
Member since Apr 2005
1339 posts
 Online 

re: high yield checking account
I've been getting paid a high rate for several years. They do have several requirements that must be met each month to get the high rate. So many debt card purchases, an auto bill pay and/or direct deposit, use online app at least once a month,....

I have had this account for awhile now and the only time I didn't get the higher rate was when I failed to log into my online account once a month
This post was edited on 12/2 at 3:43 pm


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#1TigerFan
LSU Fan
Member since Apr 2005
1339 posts
 Online 

re: high yield checking account
3.25%, are you with LACAP Credit Union?


AmosMosesAndTwins
New Orleans Saints Fan
Lake Charles
Member since Apr 2010
14168 posts

re: high yield checking account
quote:

3.25%, are you with LACAP Credit Union?


Negative. CSE.


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