High-Yield Checking Accounts: Know th...

High-Yield Checking Accounts: Know the Rules

Posted in the Beckley Forum

Since: Jun 10

Topix

#1 Jan 8, 2013
After first looking into what the recent expiration of the Dodd-Frank Deposit Insurance Provision on the FDIC's website means, I moved on to discover that I haven't really known the freaking rules attached to my main checking account. I don't like what I'm reading. But, I'm passing this along in case anyone else with a high-yield checking account is interested in knowing some pretty stinking stuff that they may have not been aware of either. There's a good chance it's just me, but a lot of deception's involved here...

High-Yield Checking Accounts: Know the Rules

http://www.fdic.gov/regulations/examinations/...
1 post removed
further point

Beckley, WV

#3 Jan 9, 2013
I almost went for an account at a bank along Rte. 16 in Crab Orchard til I found out about the top limit of paying the higher interest rate. Just didn't seem worth the hassle of those required debit purchases to get the high interest rate on a lower part of the balance. I thought they had told me on the phone the rate would apply to the entire balance, which I thought was worth jumping through their hoops. Any other banks have a better deal?

You mentioned expiration of FDIC provisions. They haven't dropped the amount of coverage back to 100k have they?

Since: Aug 12

Beckley, WV

#4 Jan 9, 2013
numerous bank accounts help :)

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