Compare checking accounts and reloadable debit cards from Ames, IA banks and credit unions for free
Free and basic checking accounts share many of the same qualities. Free checking accounts are really just basic checking accounts that do not charge a monthly service fee. Most free and basic accounts do not earn interest on balances and do not come with advanced account features. Read on...
Mobile Check Deposit is an application that allows you to take pictures of checks with your smartphone or tablet and deposit the funds into your bank accounts. If your bank offers mobile check deposit, you can avoid visiting a branch to deposit checks. Read more...
Most checking accounts come with free debit cards. These cards allow you to make purchases and withdraw money from ATMs. These ATMs ("Automatic Teller Machines") allow you to check your balance, withdraw and deposit money, and transfer money between your accounts. Read more...
How ATM Fee Rebates Work
With ATM rebates, the charge from a non-bank ATM is rebated to your account. This rebate applies to ATMs anywhere in the US or anywhere outside the bank's home state, depending on the bank. While there is often a limit to the amount a customer may receive in monthly rebates (usually $6/month), this service provides another great incentive to work with a bank that may not be so close in proximity, but offers great accounts. Unlimited ATM rebates are common for banks that have no branches (i.e. Internet Bank Accounts) or for smaller banks that want to remain competitive on a national scale.
How Much Interest-Bearing Checking Accounts Earn
Most banks offer interest bearing checking accounts. These accounts will be most valuable if you have a consistently high balance and want to spend the money in this account a number of times each month.
Most checking accounts have interest rates near or below 0.5%. The exceptions are internet and rewards checking accounts which may have a interest rate up to 4%. But be careful; just because your account earns interest doesn't mean you will earn a lot of it. For example, an account with a 3.5% APY and a $5,000 balance will earn $175 dollars in a year -- not bad considering the low or no risk involved in this 'investment.' But an account with a $5,000 balance and only a 0.5% APY will only return $25 annually.
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All deposit accounts in FindABetterBank are insured by the FDIC or NCUA.