Comments For: 5.12% Reward Checking Account at Bank of the Southwest in NM - Local Only
bill c - #2, Tuesday, January 12, 2010 - 8:28 AM CT
Anyone know why most of the offers are "local Only"?
Anonymous - #3, Tuesday, January 12, 2010 - 9:28 AM CT
Two reasons (at least): The banks want to attract long-term local customers; not the rate chasers from out-of-state; who tend to know thr ropes and do minimum debit transactions. Second (less important), the banks have limited resource to handle a food of locusts who are hunger for high rate.
Anonymous - #4, Tuesday, January 12, 2010 - 11:49 AM CT
correction: the rope, flood of locusts...
GBJS - #5, Tuesday, January 12, 2010 - 3:53 PM CT
WHO HUNGER FOR HIGHER RATES OR ARE HUNGRY FOR HIGHER RATES WHICH IS IT
Anonymous - #6, Tuesday, January 12, 2010 - 4:07 PM CT
Isn't it everybody?
Anonymous - #7, Tuesday, January 12, 2010 - 4:11 PM CT
The point is that there are a lot of people who are holding cash on the sideline, waiting for nationally available RCAs. Being hungry or are hunger for high rates is a grammar question; but thanks for the correction:-)
RateNerd - #8, Wednesday, January 13, 2010 - 10:58 AM CT
Last year, we published a list of banks paying as much as $220 for new customers to sign up. And periodically we have found banks offering checking accounts paying as much as 5.01% APY interest on checking account balances up to $25,000.
The link below is to a list divided into two parts: 1) banks offering attractive deals for new customers, and 2) checking accounts if you are looking for high interest rates. http://ratenerd.com/best-checking-accounts-to-start-2010-2379
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Anonymous - #1, Tuesday, January 12, 2010 - 7:44 AM CT
A 5* banks!!...No online forms, thus branch visit is a definite.