Checks And Bank Checking Accounts: Identifying High Interest Checking Accounts Revealed

By Fred Heck

There are quite a few checking account plans out there, that tempt retail bank customers with high yields if -those hopeful people qualify.

You need to conform first with their expectations of becoming a loyal patron and an on time payer to their bank in order for you to qualify. One very good example would be spontaneously using their online mode of bill payment service in paying your debit card for a month or more.

Bankrate studies show that approximately 50 banks all over the country offers checking account plans with high interest rates to their patrons. Along these plans are interest rates which gets as high as 6% or half of it, depending on your efforts.

Once you qualify for it, you definitely won't hesitate to use it up for months. However, when thing's get a little tight and you don't get to have sufficient transactions as stipulated by their rules, they try to check on your account. How do these banks deal with your interest in such a case? The moment they see that you don't make their the grade for high interest checking account, they will drop your interest rate to whatever regular rate they have at the bank - it could be anything below half percent.

Although you might not notice, but these banks are very much aware that interest rates at a range of 3 - 6% add up to their strategy of tempting customers not to cut short their savings and stock investments into their high interest business checking accounts. Big personal investments aren't settled by banks on accounts like these.

For your investment's safety, it is precautionary for banks to put a limit, which is usually about $30,000 or less, on the money that should be in these accounts. Anything you hold above this will usually just drop you down to the default interest rate for the excess. On the other hand bank limits for very high interest rate checking accounts are about $1000.

It easy to contact credit unions and banks. However, if locating banks with high interest rates is your aim, it might be quite difficult of you to locate one within your area, you just have to look around and do some searching. The rules concerning the number of business checking account transactions per month sum up most of the complaints from client. If you want to get huge discounts, buying payroll checks, blank checks and softwares, online is a definite answer. Top quality computer checks and even laser check stock is all available for the lowest cost online. Also a great place to order computer checks is at PayrollChecksStore.com

This particular checking account rule is especially easy to beat - by just using your debit card in purchasing lunch or paying out your groceries. What else is to grumble about when you're rewarded a 6% interest rate.

About the Author:

Looking for laser check paper is a difficult task. It requires a lot of work to find one at your local area. When you do an online purchase, they offer huge markdowns for a wide array of checks, like a payroll check, personalized checks, computer checks and the like.