Tuesday, March 18, 2008

Want to Earn 6+% on Your Checking/Saving Accounts? Check Out Your Local Banks

The Fed cut interest rates again today, adding fresh hardship to the quest for decent interest on your bank balance. But not to worry -- there is a way to return to high yields (see here or here).

The trick is local banks that offer special rewards accounts for their customers--for example, New Frontier Bank in Colorado offers 6.26% according to Money-Rates.com (note that special rules apply--be sure to read the fine prints).