Call it the cooler, more refreshing transition from August to September, but there really does seem to be change in the air for bank interest rates.
Part of it is due to the six-month run-up in the stock market, and part of it is due to the fact that banks know consumers are refocused on their finances after packing the kids off to school this week. Whatever the reason, bank consumers are seeing some better deals out on the marketplace this week.
Bank Checking Accounts
Let’s start with a good deal at a community bank in Arizona.
Horizon Community bank is offering a whopping 4.01% APY on its STAR personal checking account – on balances as low as $1 (up to $25,000).
That’s for starters. How about $15 back on ATM refunds for each statement cycle?
It’s all yours, if you can manage to adhere to some plain-vanilla, checking account program stipulations . . .
- Make at least 10 purchases using your check card
- Log in to Online Banking at least once
- Receive e-statements
The bank goes out of its way to say that the deal is good for its personal checking accounts only.
Check it out for yourself here.
Bank Business Checking Account
JP Morgan Chase (Stock Quote: JPM) has apparently woken up from its summer slumber with a $200 bonus for opening up a Chase Business Classic Checking Account.
You need to act fast on this one – the Web site says the deal is only good through the end of September. In addition, you also need to be a Chase customer to qualify.
If you can manage that, here’s the skinny. Just enroll in a Chase Business Classic Banking Account by the end of this month, plunk down a minimum deposit of $500, and just wait 30 days from the time you enrolled for your $200 bonus to hit your bank.