What's Funny About Commenters Such As "Michael P

What's funny about commenters such as "Michael P." is that they complain about having to "jump through hoops" in order to use the rewards checking account, or the bank somehow "lies" to its customers.  Obviously there would have to be hoops to jump through, otherwise they would not be able to offer 4.09% APY.  I have had zero difficulties in applying for the account, and even less of a problem setting up the requirements for the account (e-statements, 1 direct deposit/month, 1 bill pay/month, and 12 debit card transactions/month).

If you choose not to do business with a bank simply because they make you jump through hoops (which exist with every rewards checking account) can easily put their money in a 1 year CD making 1.3% APY instead... us BotS customers on the other hand will continue to enjoy the extra $90-$100 per month benefit while having a 4.09% liquid account, which is virtually unheard of in this environment.

And yes, the bank may decide to drop their rates further in the future, but that's not hardly different from what all banks have been doing the last year.  If the rate drops below the top tier, simply pull your money out then, and move it to a more generous bank.  Simple as that.  That's smart rate-chasing.