The Rewards of "Rewards" Checking Accounts
By Marcia Passos Duffy
I have to laugh when I see the interest my bank deposits into my checking and savings accounts each month. It is barely worth the effort to add in the pennies (but I do).
But if you think, like I once did, that you are doomed to get low percentage rates on any money you have squirreled away in you bank, you are mistaken. You don't have to settle for miserly interest rates -- particularly if you have enough accumulated in your combined checking and savings accounts to open up a "rewards" checking account.