Digital News Report – As economic conditions worsen, many Americans are looking for ways to save money. One way to save money is to put money into high high yield savings accounts and checking accounts.
FNBO Direct’s BillPay Checking Account offers a 1.00% APY with only a one dollar minimum deposit. There is a transaction fee of $2.50 at non-bank owned ATMs.
“Enjoy the convenience of an FNBO Direct Visa® Check Card for all your everyday purchases,” the bank said in a statement. “Use it at over 840,000 Plus locations nationwide.”
Ally Bank has a great deal on their Interest Checking Account. This Internet Bank has no minimum to open and pays 0.50% annual percentage yield (APY). The bank offers free Debit MasterCard®, checks and unlimited check writing.
Ally doesn’t charge any ATM fees, at any ATM. If the balance exceeds $15,000, the interest rate can go even higher.
The Pew Charitable Trust reported that 9 out of 10 American households have checking accounts. With that ratio, it is important that consumers understand their fees and the interest rates associated with their accounts.
By Tina Brown