No. of Recommendations: 6
trader2012,

You wrote, High-yield checking accounts through at credit union are a good place to park small amounts of cash. It isn’t hard to find one offering at least 3% on the first $25,000.

Cite.

Your information is out of date. These offers dried up a year or two ago. Bankrate.com quotes Everbank as the best national checking offer with an 0.98% APY. Admittedly Bankrate.com has not been known to be exhaustive. Even so, even markber's website ( http://ibankdesign.com/board/Checking_rates_f118.html ) shows nothing of note and his board has quit generating any real tips as well.

I imagine the best rate you might find from some credit union or other niche player is perhaps 1.25% APY; but if that exists, I don't know where to find it.

- Joel
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement