Credit unions, such as Lockheed Georgia Employee Community credit union, offer high rate checking accounts. These accounts offer high interests rates as long as you follow a few prerequisites, such as using online bill pay and a debit card regularly.
The interest rates on checking accounts vary depending on the bank who issues them. At the present time, the interest rates can range from 0.20% APY to 0.93% APY, depending on which bank you choose.
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
Checking account interest rates can vary significantly among different financial institutions. Some banks offer higher interest rates on checking accounts than others, so it's important to shop around and compare rates to find the best option for your financial needs.
Certain checking accounts have interest rates because they require that the customer keep a minimum balance in the account each month. This money is used by the bank to make more money.
There are several different options for ING accounts. The best choice is to compare with local ING checking account providers to find the one with the lowest interest rates. If your looking for an intertest bearing checking account you should choose the Electric Orange Checking account. This account pays 0.25 % APR and offers a free debit card and a complete automatic electronic bill pay service.
Interest rates have been low for the past several years, so a great way to gain a higher interest rate on your savings is to invest in a money market account with check writing privileges.
Savings accounts usually offer higher interest rates than checking accounts because they are designed for long-term savings and often have restrictions on withdrawals. This limited access to funds encourages account holders to save rather than spend. In contrast, checking accounts provide easier access to money for everyday transactions, which is why they typically offer lower interest rates.
The average interest for a checking account is 0.3%. One can check the following places for more information: My Bank Tracker, Market Place, Bank Rate, Go Banking Rates and many more.
They have a list of them here http://www.moolanomy.com/1733/best-high-yield-online-checking-account-rates/
Banks will offer checking account deals to lure in new customers. The deals can be anything from better than normal interest rates, bonus amounts in your account or bonus add-ons to your account.
Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.
I checked the Suntrust site and couldn't find an "online checking account". Suntrust offers a nice discount on loans in other products to its checking account holders though. BankRate.com compiles data involving the major banks and thier interest rates.