Why invest in 3 month CD'S, just get a Dividend Checking account with First Tech
Let's face it, the return on 3 Month CD's is abysmal, Ally is offering a not-so-great .39%, USAA .45%, and the winner is OneWest Bank coming in at .60%.
If you invest a $1,000 in the top yielding CD's of today, you're going to a return of... wait for it... $6. That's not putting your money to good use.
A friend of mine told me about First Tech Federal Credit Union the other day. I finally got around to taking a look and their rates are pretty impressive. Their Dividend Reward Checking offers a 2.57% annual return (on the first $10k), paid on a monthly basis.
If you crunch the numbers, it's a .63% return in a 3 month period, so it's only slightly higher than a 3 month CD. But the benefits of not having your funds locked up in CD are enormous.
So if you're looking to make the switch to a no-fee checking or savings account, this is a good placec to start. Here are the other benefits of the Dividend Rewards Checking:
Qualified accounts earn a very competitive dividend rate*
Qualified accounts also earn Free ATM surcharge rebates on out-of-network U.S. ATM transactions*
Free overdraft protection from your savings, credit card or home equity line of credit account
Free Online Banking and BillPay
Free e-deposit for qualified members**
Disclaimer: We are not being paid by First Tech to post this article... Although, we probably should be.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Energy and Staples Take the Money Cake Again | iBankCoin.com
- Man Eats Twelve Gold Bars To Avoid Taxes ! Tell Nouriel | ZeroHedge
- The Fed's Farcical Forecast Fiasco | ZeroHedge
- U.S. Consumer Spending: A Positive Surprise! | Financial Sense
- When You're Not Around: Setting Your Family Up for Success | Financial Sense
- Flash Boys Has Been Dethroned At The Top Of The Amazon Bestseller List By This Book | ZeroHedge
- Russia "Forced" To Launch Drill On Ukraine Border In Response To "NATO Build Up", Will Involve Fighter Jets | ZeroHedge
The most relevant financial news and articles from the Internets
- These Are The Oldest Living Things On Earth | Business Insider
- There Are Still A Ton Of Vacant Homes In America | Business Insider
- Apple Delivered The Ultimate 'Rashomon' Earnings Report Last Night (AAPL) | Business Insider
- Suze Orman, Debit-Card Dealer | BusinessWeek
- Dish Network Is Partnering... | Business Insider
- Chinese Manufacturing Still In Contraction | Business Insider
- Gorgeous Time-Lapse Shows What Life Is Like In Doha | Business Insider