Compare checking accounts and reloadable debit cards from Grand Rapids, MI banks and credit unions for free
Earning interest on your checking account nowadays is, well, difficult. And when you do, it's not easy get an interest rate that's very impressive. If you're looking for ways to earn money, your time may be better spent looking at savings accounts, money market accounts, or more long term investments like IRAs, bonds, or mutual funds. Read more...
Most people comfortably use debit cards nowadays, but the benefits they offer are not always clear. Here's a breakdown of how debit cards work and the rewards programs frequently offered with them. Read more...
Mobile banking takes a lot of the features of online banking and brings them to your cell or smart phone. Depending on who you bank with, mobile banking might save you a trip to a bank branch. All of the mobile banking features apply to your checking account, but some mobile banking apps allow access to your savings accounts and credit card balances as well. 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.