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Complimentary Banking Newsletter Bank News Industry Insights & Info

Capital One Introduces High Interest Business Checking Account

Posted by Jesse Shand On Jul - 21 - 2017

Capital One leaps ahead with an interest-bearing business checking account following the effective repeal of a law that prohibited business checking accounts from earning interest.

Capital One Bank (NYSE: COF) has launched its Clear Interest Business Checking account, a new high interest checking account for business owners.

“The Clear Interest Business Checking account can fundamentally change how business owners manage their company’s money,” said Peter Appello, Executive Vice President of Small Business Banking at Capital One Bank, in a press release. “With Clear Interest Business Checking, business can feel assured that their idle cash is anything but it is now working as hard they do.”

The new offering from Capital One Bank comes after the repeal of Regulation Q, a provision of the Dodd-Frank Financial Reform Act that prevented banks from paying interest on deposits in business checking account. Without t

4.01% APY Best reward checking account with Northstar Bank of Texas

Posted by Jorja Marion On Jun - 22 - 2017

Northstar Bank of Texas is still pushing for their best interest rate rewards checking account called Velocity Checking. This money in the bank deal lets you earn an interest rate of 4.01% APY for balances of up to $30,000. You can earn an interest rate of 0.50% for portion of the balance above $30,000. You also get to refund your ATM surcharge when you meet the following requirements:

  • make at least 10 purchases using your debit card at the point of sale
  • setup at least 1 ACH auto debit ot direct deposit
  • enroll to online banking and log in at least once per statement cycle
  • subscribe to electronic bank statement

In case you do not meet the requirements you will not be able to refund ATM fees and you will only earn as little as 0.10% APY.

2.27% APY Best reward checking account with Avidia Bank

Posted by Jorja Marion On Jun - 20 - 2017

Avidia Bank is pushing for their best interest rate reward checking account called eChecking. This money in the bank deal lets you earn an interest rate of 2.27% APY for balances of up to $25,000. You can earn an interest rate of 0.75% APY for the portion of the balance above $25,000. Finally, you get your ATM fees of up to $10 per statement cycle refunded when you meet the following requirements:

  • you must open your checking account online
  • subscribe to electronic bank statement
  • enroll to online banking and must access it at least once a month
  • make at least 10 purchases using your debit card per statement cycle
  • setup at least one direct deposit or recurring ACH transaction per statement cycle
  • must not let your eChecking account go to negative balance during the month

In case you do not meet the requirements, you will not get your ATM fees refunded and you will only earn their base interest rate.

3.25% APY Top Reward Checking Account with Bank of Sullivan

Posted by Jorja Marion On May - 20 - 2017

Bank of Sullivan invites consumer to take advantage of their best interest rate reward checking account called Priority Plus Checking. The bank lets you earn an interest rate of 3.25% for your account balances up to $25,000. you can also save up to $25 for ATM fees since you can refund it if you meet the following requirements:

  • subscribe to electronic bank statement
  • make at least 12 purchases at the point of sale using your debit card
  • setup at keast one direct debit or direct deposit per statement cycle
  • use online banking once per statement cycle
  • setup a one bill payment per statement cycle

Bank of Sullivan will require you to deposit a minimum balance of $100 to open an account and enjoy their high interest rate reward checking account.

Individuals who want to open an account will have to visit Bank of Sullivan.

$100 Cash bonus for a checking account with M&T Bank

Posted by Jorja Marion On Feb - 25 - 2017

M&T Bank will give you a checking account bonus of $100 in cash if you add a direct deposit to your MyChoice Checking Account. If you already have this checking account with them, you need to activate the direct deposit feature within 90 days upon account opening.

The $100 bonus will be credited to your checking account after you post your first direct deposit. This promo still runs but can be stopped by the bank any time without notice. M&T limits the cash bonus to one for every customer.

The MyChoice Checking Account does not charge any monthly service fee if the account holder makes at least 10 purchases or payments using the check card every month. You can also avoid the monthly fee if you can maintain at least a $500 average daily balance.