You work hard for your money and we have the financial tools to help it to work harder for you. A high-interest checking account is just one way to start earning big-time interest. While the average checking account earns around 0.04% APY, our high-interest checking account earns 3.00% APY. Let us help you determine if a high-interest checking is right for you.
What is high-interest checking?
High-interest checking works similar to a regular checking account but has higher earning potential. Be sure to read the fine print before opening a high-interest checking account. In some instances, there may be certain requirements you have to meet such as a minimum or maximum balance, using direct deposit or using only electronic statements. Make sure you’re able to meet the requirements so you don’t have issues moving forward.
What are the benefits?
The biggest benefit to high-interest checking is the potential to earn above-average interest. Most financial institutions have limits on the maximum dollar amount allowed to earn interest. In order to ensure your maximizing your earnings make sure you understand how these limits work. Those who are able to keep a larger balance in a checking account will benefit the most from a high-interest checking.
For example, let’s say you have $10,000 in a checking account that earns 0.04% a year, but could be earning 3.00% in a high-interest checking account. You could be earning $296 more a year with the high-interest checking account.
It pays to be above average
You can start earning 3.00% APY when you open a high-interest checking account with us. There’s no minimum balance and no fees. You can talk with our financial representatives at any local branch if you still need help deciding if a high-interest checking account is right for you. Visit our website for more information.
Start putting your money to work for you. A high-interest checking account is just one of the many financial tools we have to increase your earning potential. Visit our website to see all the financial opportunities we have waiting for you.