Perkstreet Financial Checking Earn Up To 5% Cashback

In a time when banks and credit cards are lowering rewards and interest rates, Perkstreet Financial has made some exciting changes to their Free Checking Account.

They already had a great deal where if your balance is $5000+, you receive 2% cash back on all non-PIN debit card purchases and 1% cash back if your balance is below $5000+. Well now they are also giving 5% back on those same non-PIN debit card purchases in certain categories that rotate each month. They will post that information to their Blog as it changes.  Here are the current 5% cashback categories for July:

• Buy gas by paying at the pump at any gas station in the country.
• Shop at Lowes®, Home Depot® and Menard’s®.
• Ben & Jerry’s ®, Dairy Queen®, Culver’s® and Cold Stone Creamery®.

Reading through that Blog it also looks like they post 5% cashback daily deals, for example they had one where you could get 5% on all Apple store purchases between 6/24 and 6/27. Talk about getting 5% back on an iPhone purchase, that would have been awesome!~~

(Note that during the first 3 months after opening your account you get 2% back on all non-PIN debit card purchases regardless of your account balance, then after those 3 months it will change do 1% if your balance is under $5000+)

The Free Checking Account does not pay interest and has replaced that by the amount of perks that you can rack up using the free debit card. There is no minimum balance required for the account, however you do need to have activity on the account each month to avoid a $4.50 inactivity charge. You can accomplish this by using your debit card, using their bill pay or have an electronic deposit or withdrawal happen at least once a month. They only require $25 when opening the account.

If you are looking to drop the large banks that only pay you zero to little interest, than you might want to take a look at this account. In terms of the cashback percentage alone PerkStreet Financial has created a very competitive checking product with their Free Checking Account

PNC $100 Bonus For New Checking Account

PNC Bank has a new checking account promo running where you can get a $100 bonus when you open a new checking account.

To qualify you need to open a new account using their online application by 7/9/2010. You then need to set up a direct deposit of at least $400 as well as make 10 debit card purchases.

The PNC Free checking account qualifies as a checking account that can be opened to get this bonus. The PNC Free Checking account has no monthly maintenance fees or minimum balance requirements. A unique feature of this account is that if you maintain a $2000 average monthly balance, they will reimburse you any foreign ATM fees. Most free checking accounts don’t offer a feature like this. You also receive fee online banking and bill pay

This bonus is only avaialbe to new customers, you cannot be a recently converted National City customer as well. The $100 bonus will be deposited to your account within 60 days of the above conditions being met. They do spell out what is considered as a direct deposit. Here is the text from the offer:

A “Qualifying Direct Deposit” is defined as a recurring direct deposit of a paycheck, pension, social security or other regular monthly payment electronically deposited into a Free, Performance, Performance Select Checking account, or the Spend account for Virtual Wallet (each an “Eligible Account”) on a recurring month-to-month basis. The amount of each recurring Direct Deposit must be at least $400. The recurring Direct Deposits must be made by an employer or an outside agency

See the PNC Promo Page for more details

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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