Comments on: What a Rewards Checking Program Can Do for a Failing Bank

By: PFCoach » A Jumpstart on National Financial Literacy Month

PFCoach » A Jumpstart on National Financial Literacy Month — Mon, 05 Apr 2010 18:10:45 +0000

[...] What a Rewards Checking Program Can Do for a Failing Bank — Rewards checking accounts give you a great rate for very little extra work. You can earn a ton of interest by switching to one of these accounts. But are there hidden risks? Here’s a walk through of what these programs can do for failing banks. [...]

By: Yakezia Challenge Round-Up

Yakezia Challenge Round-Up — Sun, 28 Mar 2010 11:54:39 +0000

[...] What a Rewards Checking Program Can Do for a Failing Bank – Rewards checking accounts give you a great rate for very little extra work. You can earn a ton of interest by switching to one of these accounts. But are there hidden risks? Here’s a walkthrough of what these programs can do for failing banks. [...]

By: * A Jumpstart on National Financial Literacy Month

* A Jumpstart on National Financial Literacy Month — Sat, 27 Mar 2010 13:07:47 +0000

By: Ken @ DepositAccounts

Ken @ DepositAccounts — Thu, 25 Mar 2010 22:21:09 +0000

There’s another risk with choosing a reward checking account at a weak bank. There have been a few struggling banks that had to slash their reward checking rates below 1%. The FDIC is enforcing rate caps for less than well capitalized banks that include caps on interest checking accounts. Unfortunately, the FDIC doesn’t differentiate reward checking with interest checking.

By: Budgeting in the Fun Stuff

Budgeting in the Fun Stuff — Thu, 25 Mar 2010 16:53:57 +0000

It’s a competitive market…banks should keep that in mind.

By: BibleDebt

BibleDebt — Tue, 23 Mar 2010 23:50:22 +0000

It is quite a commitment to start purchasing that many times per month with a new debt or credit card. Unless you are already planning on switching, it may not even be worth your move.

Thanks for the summary, excellent post!