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Rewards Checking Accounts Help Small Banks And Credit Unions Compete

Thursday, July 25, 2013 - 7:03 AM
A handful of small institutions (26%) offer “rewards” checking accounts, and these accounts over-perform compared to their other checking products.

Rewards Checking Accounts Help Small Banks and Credit Unions Compete
5
ShorebreakShorebreak2,602 posts since
Apr 6, 2010
Rep Points: 14,080
1. Thursday, July 25, 2013 - 7:54 AM
I was waiting for RCAs to drop their rates below (3%, $25K) mark, but a few FIs continue to offer RCAs at or above that threshold and thier RCAs going steady.

CDs and other savings vehicles (e.g., I bonds) simply cannot compete with that.  Not a commercial, but why don't you give RCAs a try?
3
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,425
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