I was a little hesitant to open a Rewards Checking Account, but it’s all worth it and not as troublesome as I thought it would be. I currently have two Rewards Checking account at 4% APY. For those who want a Rewards Checking Account with up to $50K since $25K is too much trouble, there is ViewPoint Bank’s Absolute Checking paying 4.00% APY on balances up to $50,000 nationwide. You must have a minimum initial deposit of $100 and it comes with free checks. The account has no monthly service charges and no minimum balance requirements.
In order to get the 4% APY, you must:
- Make 15 check card purchases
- One direct deposit or one online bill-pay
- Receive electronic statements
Branches are located in Dallas, Tx. For people living in Dallas, TX, your chance of getting approved is much higher. Those from out of State have been reported to getting a rejection letter because of too many accounts opening through their ChexSystems. So, if you are from out of State with no high yield rewards checking, then your chance is much better.
ING Direct Checking $50 Bonus
I’m starting to think ING is the new Chase. Currently, ING Direct is giving out a $50 bonus for their new Electric Orange checking account customers. Click through the link, then apply now button, hit the continue button, and make sure to put in the offer code EM428 in the reference box.
In order to qualify, you must make 3 signature based debit transactions in 45 days after account opening. If you already have their ING Savings, then you are automatically approved. Simply sign through this link with the offer code EM428. With both accounts, you can easily transfer money back and forth. It doesn’t have the best interest rate since it’s only a checking account. However, it very convenient to have both checking and savings.
