bank rates

Dependable High-Yield Checking Accounts

Hats off to three banks that haven’t succumbed to the temptation to lower the rates or reach of their high-yield checking accounts this spring or summer.

These three banks that have not succumbed to the temptation to lower the rates or limit the reach of their high-yield checking accounts since last fall or winter.Bank of the Sierra, Patriot and Ouachita Independent are still paying more than 4% and offering their reward checking accounts, as they’re often called, nationwide.

Of course you’ve got to live with all the special rules that come with this kind of checking account, such as making a minimum number of debit card purchases each month.

But try to find a bank offering 4% on a CD, even if you’re willing to tie your money up for five years or more. MORE

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Comments (5)
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5 Existing Comments
  1. willam hopkins said:
    on August 25th at 10:30 pm

    Several banks haven’t lowered their rates below 5%-if you are diligent you’ll find them.

  2. willam hopkins said:
    on August 25th at 10:45 pm

    seek and find!

  3. DealMaven said:
    on August 26th at 09:38 am

    You’re right! Some banks are offering rewards checking with rates at or above 5%. But these are banks (and credit unions) that accept depositors from a limited area. Some offers are statewide, others restrict deposits to area residents.

    At Bankaholic we look for deals that are available nationwide so that anyone who visits our site can apply for the offer.

    Those who live near banks with high-yield rewards checking account offers are fortunate. The rest of us have to depend on what’s nationally available.

  4. Tiffani said:
    on August 27th at 12:03 pm

    I’m getting really competitive rates with a product called easyGROW Checking at First Bank & Trust. You can go to for the info (including the current interest rate); but to summarize, it is a free high-yield account that also offers ATM fee refunds when I meet the three qualifications: using my debit card at least ten times, receiving e-Statements, and having a least one direct deposit or automatic payment each cycle. I do all of those things anyway, so it’s been really easy for me to qualify…and they send me an email each month to let me know if I met the qualifications. I have to admit, I love not having to worry about whether or not an ATM is on my network, and the interest is already starting to add up. It only takes $100 deposit to open the account, and there is no minimum balance.

  5. Henry said:
    on October 25th at 09:24 pm

    The reason BotS can keep their high interest rate is that they do heavy and mysterious screening through their ID Check system. Nevertheless, if you can get in (i.e., be approved), enjoy it while it lasts.