With community banks paying up to 6% interest while most major banks are paying nothing it's really not surprising to see community banks emerge as the safer, preferred investment channel. Look into Checking Finder (https://www.checkingfinder.com/). This search tool will find community banks in your area paying up to 6% reward checking. Just type in your zip code.
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Deposits in REWARDChecking accounts jumped another $183 million in December. Demand deposit accounts are now being offered by 477 community financial institutions across the country, an 82% increase in the network from a year ago. Follow link for the data study report.
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Community banks have witnessed a 134% increase year over year in deposits for REWARDChecking® accounts at over 500 participating community banks across the country. Largely due to the up to 6% interest through CheckingFinder.com, BancVue's REWARDChecking, which is only available at community financial institutions, saw a huge increase of $774 million in deposits in February alone, with accounts opening every 47 seconds in the U.S.
With over 500 community banks participating, REWARDChecking has seen a 134% increase in deposits in February alone. Discover the exclusive 6% interest checking that is exclusively offered at community banks, only through REWARDChecking.
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"I didn't have to do anything special to get the rate," said Powell, 34, an information technology engineer at Dell Inc., who switched to United Heritage from Charlotte, North Carolina-based Wachovia Corp. "I just did what I normally do and got rewarded 6% interest."