Have You Given Up Getting High-Interest on Your Checking Account?

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Have You Given Up Getting High-Interest on Your Checking Account?

Now You Can Earn Up To 30X More Interest than the National Average with These High-Interest Checking Accounts in 20191

Checking accounts are the most critical account of your personal finances.

It acts as the nerve center of your finances and is where income goes in, and expenses go out. With so much importance, it is essential to pick a great checking account.

And there are a bunch of checking accounts to choose from, including ones that offer cash back rewards, no ATM fees and more.

To help make the right choice, the editors at The Daily Life have put together a list of the best banks for checking accounts, so you can make sure you're getting the best bang for your buck.

But First, Is Your Current Checking Account Costing You Money?

As Bankrate discovered in a recent survey, the average checking account yields just 0.06% in interest each year.

And to make matters worse, if you are with one of the nations ‘too-big-to-fail’ banks then your interest is only a fraction of that (as if it could get any lower!)2

In fact, you could store your cash in your mattress and practically reap the same benefits as a traditional checking account.

However, that’s all about to change!

Earn Big Interest with These Checking Accounts

With a quick search online, you can find a variety of checking accounts that will pay a higher-yield and higher interest than you are currently getting – some as high as 30x more than the national average!1.  Plus, you can find other great perks like $0 in fees and budgeting tools that can help you achieve your financial goals.  Highlighted below are a few accounts we discovered through an online search:

Simple

Simple makes banking… simple! They created an FDIC-insured checking account built to help you save money, and to support smart spending with built-in budgeting tools. The accounts are free, and they don’t charge fees. So long as you keep at least $2,000 in your Protected Goal Account (this is where your Savings Goal lives), you’ll earn a 2.02% Annual Percentage Yield on your entire balance2.

Consumer Credit Union Free Rewards Checking:

Credit unions are like banks’ not-for-profit little brothers. Some credit unions are available nationwide, and because they don’t want to squeeze a profit out of you, they often offer better terms. One such credit union is Consumers Credit Union Free Rewards Checking which offers astronomical rates of up to 5.09 percent APY as of this writing3.

Aspiration:

Aspiration has an excellent annual percentage yield for its Spend & Save account: 2.00% APY for all balances in the Save account. The account has no monthly fees, and no minimum monthly balance, no overdraft fees and only requires a $10 minimum opening deposit. Customers will be reimbursed for any ATM fees they incur, including ones at foreign ATMs4.  Aspiration was also named one of the best in NerdWallet’s 2019 Best-Of Awards. 

Earn More from Your Money with a Smarter Checking Account in 2019

Your current checking account is most likely not doing you any financial favors.

Instead of letting your money sit, free of interest and any benefits, consider switching to a checking account that actually makes you more money.  There are many different options, and you can find the right fit for your income or banking needs below.

Let’s get started…

Article sponsored by The Daily Life

1. https://www.simple.com/2percent?ajs_event=mclk&ajs_prop_identifier=8090d3c8-bde6-11e8-a355-529269fb1459&utm_medium=cpc&utm_source=google&utm_campaign=GG_NONBRAND_CHK_INT/RATE_NAT_DT_BMM_2PCT&utm_content=non-branded&gclid=CjwKCAjw1KLkBRBZEiwARzyE7w7ZeyPepj2Ue0MYmKkLquFsao5XCLsDrqAZWMrdCpVfDlSYpQU3PxoCIPwQAvD_BwE
2. . https://www.simple.com/2percent?ajs_event=mclk&ajs_prop_identifier=8090d3c8-bde6-11e8-a355-529269fb1459&utm_medium=cpc&utm_source=google&utm_campaign=GG_NONBRAND_CHK_INT/RATE_NAT_DT_BMM_2PCT&utm_content=non-branded&gclid=CjwKCAjw1KLkBRBZEiwARzyE7w7ZeyPepj2Ue0MYmKkLquFsao5XCLsDrqAZWMrdCpVfDlSYpQU3PxoCIPwQAvD_BwE
3. https://www.valuepenguin.com/banking/average-bank-interest-rates
4. https://www.thebalance.com/best-high-interest-checking-accounts-4164760