Is your big bank giving you everything you deserve? How about a free checking account that earns an amazing 3.51% APY*? Or rebates on all your ATM fees? If you’re not getting all you should from your checking account, open a Dividend Rewards Checking account today. Oh – did we mention there’s no monthly fee or minimum balance requirement? It’s a painless (and powerful) way to break the big bank habit.
Their Big-Bank Checking** |
Our Dividend Rewards Checking |
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The highest interest rate Bank of America provides on any account is .40% — and that’s on balances of over $100,000! You also pay a monthly fee of up to $20. |
Rates |
We’ll pay up to an amazing 3.51% APY* — over 8x what BofA does — and that’s for balances of $0 to $25,000. Oh… did we mention it’s free? There’s no service charge! |
Wells Fargo charges you $2.50 to use someone else’s ATM — $5 if it’s out of the country. |
ATM Fees |
Get real. We refund all the ATM fees you incur, so you can use any ATM in the US for free! |
Citi makes you jump through all kinds of hoops to get free checking. If you don’t meet the requirements, it could cost you up to $25 a month! |
Monthly Fees |
Come on! It’s your money! Dividend Rewards Checking is free. |
Chase offers a “Guaranteed Great Rate Money Market” account. Their great rate — 0.01% (!?!?). Of course, you only get that “great rate” if you keep $2,500 in the account. |
Minimum Balance |
Are you kidding me? With Dividend Rewards Checking, you can earn up to 3.51% APY*, plus there’s no minimum balance requirement. |
*APY = Annual Percentage Yield. No minimum balance required. However, you must deposit a minimum of $25 to open a Dividend Rewards Checking account. Available on personal accounts only. No monthly service charge. If you do not meet the requirements per qualification period, your account will still function as a free checking account earning the standard rate of .05% APY; however, it will not receive ATM refunds for that time period. The qualification period runs from the last day of the previous month to the second to the last day of the current month. For example, the qualification period in September is August 31 through September 29. Qualification occurs monthly. 3.51% Annual Percentage Yield (APY) paid on balances between $.01 and $25,000. To earn 3.51% APY, the following requirements must be met each monthly qualification period: (1) Make at least 12 debit card purchases that post to your account during the qualification period (excludes ATM transactions), (2) Have one direct deposit or automatic ACH withdrawal on your account and (3) Receive your monthly statement electronically. 1.01% APY paid on balances above $25,000 each monthly cycle the minimum qualifications are met. If you do not meet the qualifications during a given monthly cycle, you will earn the standard rate of .05% APY. Rates effective September 1, 2009 and are subject to change without prior notice.
**Source: bankofamerica.com, wellsfargo.com, citi.com, chase.com as of 8-17-09.