Best Checking

Best Checking

Everyone is looking for ways to stretch their dollars further.  There are plenty of banking products that make it easier to save, such as CDs, savings accounts and money market accounts.  But did you know that your checking account can also help you reach your financial goals?  It's possible when you get the best checking account rates.  Here's what to look for.
  Compare Rates Online

One of the first steps any savvy consumer should take is to compare checking account rates online.  There are many Web sites that post the latest figures and percentages from high yield checking accounts, letting you get details on who has the best rates.  Beyond checking account rates however, you should also look at the bank's terms.  Some require you open other types of accounts (such as a savings account) first, or others limit you on how many checks you can write or how many transactions you can make with your check card.

Look for Additional Benefits

Beyond the numbers behind checking account rates, you should also look for other benefits.  Banks are willing to reward loyal customers with added perks such as unlimited check writing or withdrawals, a free check card (debit card), ATM withdrawals and online banking transfers to and from your checking account between one financial institution and another.  Since many banks will charge a maintenance fee for lower checking account balances, to get the most competitive checking account rates, try to keep your balance above $1,000. This can help you avoid maintenance or monthly fees.

Flexibility and Convenience

Finally, although your checking account rates will help you earn extra money, you'll still want to protect against overdraft charges and still have the flexibility and convenience of online access.  If overdrafts are a concern, look for checking accounts that allow you to link to other accounts (such as savings) to prevent overdrafts.   Also, some banks allow you to transfer between accounts both at the bank and at other financial institutions, as well as write an unlimited amount of checks with no limit on withdrawals.  Look for a bank that consistently offers some of the most competitive checking account rates available.

The bottom line is that making your money work harder for you is about more than just getting the highest checking account rates. It's also about bridging the gap between convenience, ease of use and accessibility for your mobile lifestyle.  Doing just a little research today can help you not only get competitive checking account rates but also help