Comments For: 1.26% Reward Checking at Denali State Bank in Alaska

Denali State Bank is offering a reward checking account called Xtreme Checking that pays 1.26% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees if at least 10 debit card purchases a month are done. Some downsides compared to the...
 
 
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Anonymous - #1, Friday, January 23, 2009 - 7:45 PM CT

$25 penalty for not doing enough debit transactions, $2.50 charge per written check, form submission required for ATM reimbursement - all for a 1.26% return on your money? Sounds like financial masochism to me.


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Anonymous - #2, Friday, January 23, 2009 - 10:02 PM CT

I have followed this site for a while now because of great deals that are posted.

This is not a deal. Are you now posting anything, deal or not?

This wasn't even worth posting. Nothing about it is a "Bankdeal".


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Banking Guy - #3, Saturday, January 24, 2009 - 6:32 AM CT

Please note my explanation that I had included in the posting:

This is the first reward checking account that I've seen in Alaska. Unfortunately, the rate is very low for reward checking. But the rate is competitive compared to other liquid bank accounts at Alaska financial institutions.

I've had readers from Alaska asking about reward checking accounts. I wish Alaska had better offerings, but this is the only one I've found so far.


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Anonymous - #4, Saturday, January 24, 2009 - 5:33 PM CT

Banking Guy, keep up the great job.
Keep reporting them like you see them.
I follow this site faithfully and have set a a CD ladder several years ago, thanks to this site. And in times of low interest rates like today's climate, CD laddering has literally been paying off. Thanks to you.


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Anonymous - #5, Sunday, January 25, 2009 - 4:46 PM CT

agreed......thank you. As an Alaskan I appreciate this post regardless of whether or not I would use their services.


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Anonymous - #6, Wednesday, January 28, 2009 - 8:25 PM CT

Maybe 1.26% is a misprint.

But then again its Alaska.


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