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No. of Recommendations: 5

You wrote, I have not seen a rate that high in all my searches on the web for quite awhile.

I think culcha is talking about what are often called rewards checking accounts. They pay a higher rate in exchange for jumping through some hoops. The accounts often have relatively low maximum deposits (to earn at the stated rate) and/or have requirements that are difficult to meet such as a large number of debit card transactions per month.

I don't know that he still posts here, but one of the best survey sites for this type of information used to be markber's: However, I don't think there's been much activity on his site for like 6 months.

Other search options might include:

One of the best all around banking options might be Alliant Credit Union, which gives pretty good yields (relatively speaking) and has few hoops to jump through. I keep meaning to open accounts there, but somehow never seem to get around to it. Perhaps it's because of these depressingly low yields?

- Joel
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