Posts Tagged ‘high yield interests’

Best Business Checking Account with High Interests

If you are running a small business, naturally you would want to park your monies in a high yield rewards checking account so as to maximise your returns. Recognising the demand for high yield interests checking accounts, smaller banks and credit unions have intensified their efforts to attract customers by offering significantly higher yields if the customer fulfils certain monthly requirements. These requirements usually include:

* Around 10 debit card transactions (non ATM). There are typically no dollar requirements per debit card purchase.
* Direct deposit or auto debit. Any ACH transfer often satisfies this requirement.
* Electronic statements – This is good for the environment and saves costs at their end

What happens if you breach any of those requirements within a given month? Well, you will end up earning the default base interest rate in a worst case scenario. Therefore, proper management of funds can actually help you get the most out of these high interest checking accounts.

Which banks are currently offering high interests on business checking accounts? Below is a current list of top 20 banks which offer the best business checking accounts with high interest rates:-

Bank Interest % Maximum Deposit
First State Bank 5.01 $10,000
County Bank 4.75 $25,000
Bank of the Sierra 4.51 $25,000
First National Community Bank 4.51 $25,000
First Arkansas Bank & Trust 4.44 $50,000
Royal Bank of Missouri 4.30 $25,000
Liberty Bank 4.25 $25,000
Connexus Credit Union 4.15 $25,000
Consumers Credit Union 4.09 $25,000
Pacific Resource Credit Union 4.07 $25,000
Coulee Bank 4.02 $25,000
Heartland Community Bank 4.02 $30,000
Danvers Bank 4.01 $25,000
Capital Bank 4.01 $25,000
Ouachita Independent Bank 4.01 $25,000
Charter Bank 4.01 $25,000
Liberty Savings Bank 4.01 $50,000
People’s Bank of Kankakee Count 4.01 $25,000
Patriot Bank 4.01 $50,000
Lake Michigan Credit Union 4.00 $50,000

Be the first to comment - What do you think?  Posted by Small Businessman - October 26, 2010 at 12:26 pm

Categories: Checking Accounts   Tags: , ,