Discover Bank High Yield Savings

One account that tends to go unnoticed these days is the High Yield Savings Account from Discover Bank. The yield, currently 1.35% is higher than that of INGDirect’s Orange Savings and Ally Bank’s High Yield Savings account. To receive that high rate, you need a minimum balance of $500 in the account.

Discover Bank is the same institution that issues the Discover credit card, so they have been around for a while. In addition, they are FDIC insured up to $250,000 per account.

One interesting thing about Discover Bank is that you rarely see advertisements like the other banks. I am not quite sure why with such a high rate you think that they would steal away the competition. The High Yield Savings Account also has been been the Bankrate.com Top Tier Winner for consistently high yields.

There is an ETF feature that lets you move money in and out of the account to a linked checking account that you set up. There is also live 24/7 customer service in case you need to call them for any reason.

If you are looking for a safe bank with a high rate and great customer service, you should take a look at the High Yield Savings Account from Discover Bank.

$100 Chase Checking Account Promotion

For all of you looking for another Chase checking promo, there is a new one out there where you can get a $100 bonus when opening a new account.

You need to open a new Chase checking account by 5/28/2010 with a minimum deposit of $100. Then within 60 days from account opening, you either need to have one direct deposit, or use the debit card 5 times. The $100 bonus will be posted to your account within 10 days after one of those qualifying transactions.

Please note that to avoid monthly service fees, you need to either have one direct deposit or make 5 debit card transactions each month thereafter.

If you feel more comfortable opening the new account in the branch, there is a feature on the bonus page that allows you to email the coupon to yourself so you can take it into the branch with you.

Chase checking accounts come with a free debit card, free online banking, free bill pay and gives you access to over 15,000 free ATMS and hundreds of bank branches. I have opened one of these account for the bonus money and use it as a secondary checking account. I have a small part of my paycheck direct deposited into the account every month to avoid any monthly fees. It is kind of working as a small savings account for me as I forget that money is going in there.

See the Chase Checking Bonus page for more information.

Online Checking Account from Ally Bank

Ally Bank, which has always been known for their best savings account, has a new Ally Bank Interest Checking Account which offers unlimited ATM rebates. So not only do you not get charged by Ally bank when using an ATM, but Ally also rebates you the fees charged by the ATM.

In addition to the free ATM usage, you get free checks and unlimited check writing. The interest rate is dependant on the amount of money you have on deposit, for balances less than $15,000 you will earn .05% APY and for balances $15,000 and greater you will earn 1.05% APY. (Rate as of 03/19/2010) The account also offers free Online banking and Bill Pay as well as free overdraft protection. Ally Bank has an ACH feature where you can transfer money in and out of your linked accounts for free and you can also set up direct deposit if this is going to be your main checking account.

All of this with absolutely no fees or minimum balances. This isn’t even an Ally Bank Promo! The ATM rebates alone can save you quite a bit of money if you tend to use ATM’s often throughout the month. For those of you that are sick and tired of being gouged by fees from other banks and the dismal interest rates that they offer, this is definitely an account that can help you save.

Check out the Ally Bank Interest Checking Accountpage for more details.

ING Direct Increases Referral Bonuses for New Accounts

If you have an ING Account and are looking to make a little extra money, ING Direct is doubling their referral bonus to $20 until March 31st 2010. The person you are referring will receive $25.

Log into your ING Account. Click the “Rewards For Friendship” link just above your account listing. Then select the “Refer Now” button. Ad the name and email address of your referrals and select the “Continue” button. Your friend will receive an email link that they need to use when opening the account.

Your friend must open either an Electric Orange Checking account or an Orange Savings account with a minimum of $150 by March 31st 2010 . Once this has been completed your friend will receive $25 and you will receive a $20 referral bonus.

If you don’t have an ING account and want to open one and receive the $25 bonus, please complete the form below and I will send you a referral link via email.

1. First and Last Name*(required)
2. Email*(valid email required)
3. I would like the following referral sent to me via email:
4. Electric Orange Checking Account Referral
5. Orange Savings Account Referral

 

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PerkStreet Promotion – 2% Cash Back on Debit Card Purchases

PerkStreet Financial has a promotion running through the end of April where you can get a a 2% cash back bonus from all debit card purchases for 6 months when opening a new online checking account. Once the 6 month period is complete you will then earn a 1% cash back bonus on your purchases.

This offer expires April 30th 2010, but can be canceled at anytime.

The PerkStreet Financial free online checking account is being promoted as a rewards account. You earn a cash back reward of 2% for first 6 months, then 1% after on purchases when using your debit card that is tied to the account. The cash back reward is based on non-pin debit card transactions. The 2% cash back for first 6 months is a great deal since most checking account offer rewards that equate to far lower than a 1% return.

There is no minimum balance required, however to avoid an inactivity fee of $4.50 you must have activity in the account each month from either a debit card transaction, check, deposit or withdrawal. The account comes with a free book of checks, free debit card and free online banking and bill pay.

PerkStreet Financial is also a member of the STARsf Surcharge Free ATM networkwhich offers of 37,000 free ATMs nationwide.PerkStreet Financial’s banking services are provided by The Bancorp Bank which is FDIC insured. The Bancorp Bank has a been a FDIC member since 2000.

If you are looking to move toward an online checking account this one may be the way to go. With the high rewards, nationwide free ATM access though the STARsf network, and no fees when you keep your account active, there are not many other online checking accounts that beat this deal. Make sure to open by April 30th 2010.

Check out the PerkStreet Financial promotion page for more details.

You can also check out more checking account promotions here.

$50 Bonus When Opening ING Electric Orange Checking Account

ING is giving out a $50 bonus when you open a new Electric Orange Checking Account and making 3 signature based purchases with your debit card in the first 45 days of opening the account. Note that signature based purchases are not the same as when you enter your PIN during a transaction. In most cases you just treat this as a credit card and swipe and sign.

Open an Electric Orange high-yield checking account and enter the code EM423 into the Reference Code box in the application.

After applying you will receive an Electric Orange MasterCard Debit Card. Activate it and use it for 3 signature-based purchases within the first 45 of opening your account.

Your $50 bonus will be deposited into your checking account 50 days after you have completed your 3 purchases.

I can’t seem to find an expiration date on this offer, so get in while you still can as they just tend to disappear after a while.

Link to Application Page

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