Getting Paid to Play: High-Stakes Checking

January 21st, 2010 admin

Photo: Callahan Pssst. Hey, kid. Yeah, it’s me, in the trenchcoat. Want to earn 3 to 5 percent interest on your checking account? Well, you can. There’s a catch, of course, but it’s not a big catch, and you don’t have to do anything sneaky. (Trenchcoat notwithstanding.) Over 600 credit unions and community banks offer reward checking accounts, and nearly 1.5 million customers have signed up. With a typical reward account, you’re required to use direct deposit and e-statements, and you have to use your debit card at least a dozen times in each statement period. Fail…


Originally posted on Mint

 
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