TnBank, based in Tennessee, is offering a Super Interest Checking account which has a monthly tiered interest rate topping out at 3.05 percent. Any interest rate on a checking account is rare these days, but a checking account rate above 3.00 percent is even harder to come by.
The Super Interest Checking rate starts out at 1.00 percent APY through the end of March. The rate increases to 2.01 percent APY staring April 1, 2015. For May the rate increases to 3.05 percent APY. After May, the rate reverts back to 1.00 percent through the end of 2015.
You must open a account with a minimum balance of $5,000, make ten debit card transactions, have one posted ACH transaction, and enroll in e-statements.
If you go for this deal be sure to meet the requirements, failing to do so will cost you a $15 a month fee.
Overall is it worth it? If you ask me no. Getting a 2.01 percent rate for a month and then a 3.04 percent rate isn’t worth it. The annual rate of 1.00 percent is competitive but not higher than current savings rates or money market rates. The best 1 year CD rates are higher at 1.20 percent. I’d place my $25,000 in a certificate of deposit.
JP Morgan Chase Bank is sending out mailers that contain a coupon code for a $300 checking account bonus and $150 savings account bonus. You can take advantage of both and earn $450. Of course there are some eligibility requirements that have to be met in order to earn the bonus. If you decide to take advantage of these deals be prepared for Chase Bank’s low interest rates on their accounts.
Keep your money on deposit for the minimum amount of time to meet Chase Bank’s requirements to earn the bonus. Keeping the money on deposit any longer doesn’t make it worth your effort or time.
To earn the $300 on the checking account you have to open a “Chase Total Checking” account and setup direct deposit. You have to open a personal Chase Total Checking account. Chase High School Checking and Chase College Checking are not eligible which is a same because who needs it more than high school and college kids.
To earn the $150 bonus on a Chase Savings Account you have to open a new savings account. Unlike the checking account offer it appears you can already have a Chase Savings account and still be eligible for the bonus.
Other requirements include a deposit of “new money” of $15,000 or more within 10 business days of opening the account. New money is money that isn’t already on deposit at Chase Bank. You also have to maintain a balance of $15,000 or more for more than 90 days.
These offers expire January 12, 2015.
I was recently going through my mail including that “value pack” mailing which I consider junk mail. I usually just toss that piece of junk mail in the garbage but I decided to go through it to see if there were any coupons on restaurants in my area. Well I didn’t find any coupons but one offer jumped out at me from Chase Bank, a $125 Certificate to open a Chase Total Checking Account.
I just happened to be looking to switch banks and getting a $125 to do so is icing on the cake! This offer ends on February 9, 2013, so you have plenty time to take advantage of the offer. Of course with any cash offers like this there are requirements that have to be meet.
The requirements are not a big deal if you planned to open a checking account anyway and don’t mind dealing with the largest bank in the country. This offer also has a coupon code associated with it and you also have to setup direct deposit to get the $125.
The coupon code on my $125 certificate is: Coupon Code: FX223276EXP7A9LW. You can try using this code or just look in the coupon mailing you receive in the mail. I don’t know if Chase Bank is offering this deal in the entire country or just in certain areas. The bank is so big I wouldn’t be surprised if it’s a national offer.
After you open the checking account you have 60 calendar days to have your first direct deposit posted in the new checking account. Once the first direct deposit is made the $125 will be deposited into the account within 10 business days. Not a bad deal if you’re looking for a new checking account for a direct deposit.
This offer isn’t available for existing Chase Bank customers. This offer also isn’t available to anyone who has closed a Chase account within 90 days for closed an account with a negative account balance.
You also have to keep this account opened for at least 6 months otherwise Chase will deduct the $125 when you close the account. The bonus is considered interested and you will receive a 1099-INT from chase. If you have your own certificate you can take it to a branch location to open the account, of course you can also do it online.
If you don’t have your own certificate try using the coupon code at chase.com/checking. You can also try using some variation of it which might work. When you’re on chase.com/checking under “Chase Total Checking” click on “open now”, then select “I’d like to start a new application”. At that point you will be promoted to enter a coupon code if you have one.
Try the one above and good luck. Again if you’re in the market to open a checking account to setup direct deposit than you might as well earn $125. Otherwise it’s probably not worth the hassle to do so. If you’re just looking for a checking account without setting up direct deposit you can search for the best checking account rates by using our rate table here: Checking Account Rates.
Small banks and credit unions are offering deals (including an 11.5% 6 month CD rate) in response to the Bank Transfer Day movement. Although the official transfer day has past some of these financial institutions are still offering deals to entice you to switch your accounts over.
Whether or not the movement was successful was debatable but according to a survey by Credit Union National Assocation (CUNA), at least 650,000 consumers have joined credit unions within the last four weeks. The CUNA release a report titled “Early reports show Bank Transfer Day success”, which you can read here: Read More.
Below is al ist of some of the offers on Bank Transfer Day:
WV United FCU Offers 11.5% CD Rate
New members who move their account relationships to WV United FCU will be eligible to open a 6-month CD with an APY of 11.5% on balances up to $2,000. To qualify, the new CU member must open a checking or debit account, initiate direct deposit of their paycheck, get a debit card, and move their auto withdrawals or utilize EasyPay bill pay: 11.5% CD Rate Information.
American Heritage FCU Offers Cash Bonus
American Heritage Federal Credit Union is offering new CU members up to $130. New members who open a checking account by 11.30.2011 with direct deposit will earn $50 and an additional $50 for their first bill pay. They will also receive a $25 Independence Check Card reward and $5 e-Statement reward. $130 Offer Information.
Cash Bonus Offer at MidFlorida Credit Union
MidFlorida Credit Union will have free drinks and snacks on 11.05.2011 to celebrate Bank Transfer Day. Additionally, new customers who open a checking account by 11.30.2011 and sign up for direct deposit of at least $500 will receive a $127 cash bonus. $127 Cash Bonus Information.
Co-op Services Offers $105 for Switching
New Co-op Services customers who shred their bank debit card and open a free Co-op Services checking account with direct deposit, e-Statements, and debit card will receive $105. $105 Offer Information.
Citibank is currently offering up to $400 in gift cards when you open a checking account by 10/31/11. You must open a new Citibank checking account in the Citigold or Citibank account package and enroll the new checking account in Citi ThankYou Rewards by 10.31.2011. You must also make one direct deposit and complete one electronic bill payment for two consecutive months.
To qualify for 40,000 ThankYou Points, open a new regular checking account in the Citigold Account Package redeemable for $400 in gift cards.
To qualify for 20,000 ThankYou Points, open a new regular checking account in The Citibank Account Package and enroll it in Citi ThankYou Rewards, redeemable for $200 in gift cards.
You can take advantage of this deal online here: CitiBank $400 Deal, at your local branch and by phone. To apply by phone, call 1-866-422-0312 and mention code CGEF.
First Tennessee Bank is offering new customers a chance to earn $396 by opening several different accounts with the bank.
When new customers open a checking account with a $300 minimum deposit and make a direct deposit within 60 days of account opening, you earn a $100 bonus.
New customers can also earn $100 when they open a new Money Market Savings account with at least $10,000 and a $100 Visa Gift Card when they open a real estate secured portfolio loan. If all three types of accounts are opened by 11.30.2011, you will earn an additional $96 bonus.
First Tennessee Bank’s interest rates are not the most competitive. Current savings account rates on the Money Market Savings Account are tiered but the best savings rate is only 0.25%. Opening a certificate deposit account isn’t part of this deal but to show you how low the bank’s rates are, 12 month CD rates are at 0.35%.
If you’re interested in more details about these deals and would like to open account(s) go to the bank’s website here: First Tennessee Bank $396 Deal.
Citibank is promoting saving by offering a change to win weekly prizes of $1000 as well as a grand prize of $10,000. Citibank customers who complete an auto save transfer of at least $25 from their Citibank checking account to their Citibank money market or savings account by September 9, 2011, will be entered into the Citibank Auto Save Sweepstakes. One grand prize winner will get $10,000 and eight first prize winners will get $1,000.
Setting up Auto Save is easy if you already have a checking account and savings account or money market account with Citibank. All you have to do is sign onto Citibank Online and click on “Transfers”, select “Set up a Recurring Transfer”, choose the account you want to transfer funds from and to choose the frequency and duration of transfers.
As with any sweepstakes there is an alternative method of entry if you want to spend the time and energy to enter. Here is the alternative method of entry from Citibank’s website.
If you’re already a Citibank customer and have a checking account and a savings account or money market account I would setup Auto Save to start an automatic savings plan, plus the chance to win.
You can read more of Citibank’s sweepstakes here: Citibank Sweepstakes.
If you don’t have accounts with Citibank I would bother opening accounts just for the sweepstakes since Citibank’s interest rates are so low. You can easy find higher savings account rates and checking account rates by searching our rate tables.
Savings accounts rates/money market account rates won’t be going higher until later this year or early next year since the economy is stuck in the doldrums and the Fed’s Charmin, Ben Bernanke, doesn’t expect things to pick up until later in 2011. Right now the current national average savings account rate for account balances of at least $2,500 is averaging only 0.21 as reported by MonitorBankRates. You can find savings account rates and money market account rates higher than the national average rates.
Looking for the best rates? Search our savings rate/MMA rate tables to find the best rates in your state or zip code: SavingsAccount.MonitorBankRates.com.
Right now three different banks are listing having the best savings account rate in California. Discover Bank, American Express Bank and Sallie Mae Bank are all offering online savings account rates at 1.14% with a savings yield of 1.15%.
Flagstar Bank has the second highest rate on our California rate list. Flagstar Bank is offering savings account rates at 1.10% with a yield of 1.11%.
The third best interest rate is from Nationwide Bank. The bank’s current money market account rates is 1.04% with a money market account yield of 1.05%.
Here are the highest savings account rates and MMA rates in California.
Savings Account/MMA APY 1.00% and Above
Savings Account/MMA APY Below 1.00%
Right now on our checking account rates database for Dallas, Texas, FNBO Direct has the best unrestricted checking account rate. FNBO Direct’s checking rate is at 1.09 percent with a checking yield of 1.10 percent. FNBO Direct’s rate is more than four times the current national average checking account rate of 0.248 percent as reported by Monitor Bank Rates.
On checking accounts list for Dallas, TX, two banks are offering rewards checking rates higher than FNBO Direct’s rate. Legacy Bank of Texas’ rewards rate is 1.99 percent with a yield of 2.00 percent. Amegy Bank of Texas’ rewards rate is 1.76 percent with a yield of 1.77 percent. Each of these checking accounts have monthly transaction requirements that have to be met to earn the rate and yield.
The fourth best rate on our list in Dallas is from Capital One Direct Banking. The bank is offering online checking account rates at 1.01 percent with a checking account yield of 1.01 percent.
Flagstar Bank rounds out the top 5 checking rates on our list. Flagstar is offering checking interest rates at 0.85 percent with a yield of 0.85 percent.
Checking Account Rates – Dallas, Texas
Legacy Bank of Texas 1.99% Yield 2.00% Min $ 1
Right now on our checking account rates list in Philadelphia, Pennsylvania, FNBO Direct has the best checking account rate. FNBO Direct’s online checking rate is at 1.09 percent with a checking yield of 1.10 percent. The current national average checking account rate is only 0.24 percent which makes FNBO Direct’s rate more than four times the national average checking account rate and even competes with some savings account rates.
Capital One Direct Banking has the second best checking rate on our list in Philadelphia, PA. The bank is offering their online checking account rate of 1.01 percent with a checking account yield of 1.01 percent, also more than four times the national average checking rate.
American Bank has the third best rate on our list in Philadelphia. American Bank’s current checking account rate is 1.00 percent with a checking yield of 1.00 percent.
The fouth highest checking interest rate on our list is from Flagstar Bank. The bank is offering their checking interest rate of 0.85 percent with an interest yield of 0.85 percent. First Internet Bank of IN has the fifth highest rate on our list. The bank’s current rate and yield is 0.75 percent. Bank of Internet USA has the sixth best rate of 0.71 percent with a 0.71 percent yield.
Checking Account Rates Philadelphia, Pennsylvania