Many people looking to get a higher interest on their checking account often turn to online banks. While there are many great online institutions that offer high interest checking accounts, there are many community banks around the nation that offer rates that are far higher than those from big lenders and either better or comparative to those of online banks.
Doing research on Google is one of the best ways to find banks in your area that offer high interest accounts. There are many local and community banks that have been in business for years and they are stable enough to offer great interest rates to customers.
Many of these smaller banks are able to offer great rates to customers because they are simply in the business of banking. While larger financial institutions are looking to make a huge profit and please shareholders and board members, community banks most often have customers in mind when going about their operations.
While not everyone is going to have a community bank in their area that offers these high interest checking accounts, it doesn’t hurt to look. Also, be sure if you find a high interest checking account there are no catches to collecting the high interest rate, like a high minimum balance requirement, and that the account is going a afford you what you’re looking for in a banking account.