Highest Rates for National Checking and Savings Accounts

Opportunities abound from some credit unions and online banking institutions for alternatives to traditional checking and savings accounts. Many are seeking out great rates from more secure investments, like a high yield money market account.

One such opportunity is at F&A Federal Credit Union, located in Monterey Park, CA 91754. This financial institution serves local government employees and their families. Similar alternative offers may be found at UFB Direct in San Diego, California and Incrediblebank in Wausau, Wisconsin.

Checking and Savings Accounts

Many financial companies charge their customers for even the most basic of checking accounts. Some banks provide checking accounts that require customers to spend time trying to figure out how to maximize their earning potential. Rather than do this, F&A instead offers a new hybrid checking and savings account. At a 1.26% APY rate, F&A’s High Yield eChecking account is competitive with the top national money market account rate, and is also right in line with the highest savings account rate available, as well.

F&A’s High Yield eChecking account combines the best attributes of checking and savings into one product. To get this new streamlined account, customers merely need to agree to sign on for eStatements to begin receiving a 1.26% APY immediately.

Customarily, many banks offering interest-bearing rewards-based accounts require that customers keep up with a minimum balance and transaction requirement. Some of the features of F&A’s High-Yield eChecking account that make it more beneficial for customers include that there is a) no monthly fee; and b) no minimum or maximum balance requirement associated with this type of account. Customers will also enjoy the fact that there is no number of transaction requirement each month.

Members of the F&A Federal Credit Union (www.fafcu.org) must either be a) employed by the L.A. County Fire Department , b) a city that contracts with them, c) an employee of another approved area government entity, or d) related to a family member that qualifies under those guidelines.

UFB Direct

Those who are ineligible to join F&A may apply for another high-rate national savings account. UFB Direct (www.ufbdirect.com) has a 1.30% APY available with their Airline Rewards Savings Account. Another benefit of this account are the chance to earn free reward airline miles. UFB is based in San Diego, California and is a subdivision of the former Bank of Internet USA – now BofI Federal Bank, also San Diego based.

Money Markets

F&A also provides competitive rates on CDs and money market accounts. F&A offers its competitive CD rates for five different terms, all of which are higher than even the best available national offers on CD Rates Leaderboards. Here are the CD rates for a minimum deposit of only $1,000:

6 months: 1.16% APY
12 months: 1.26% APY
24-months: 1.46% APY
36-months: 1.77% APY
60-months: 2.43% APY.

F&A members may sign up for CDs either via the mail services or through the credit union’s only office, which is located at 2625 Corporate Place, Monterey Park, California 91754.

Incrediblebank

The highest yield national money market account is offered by Incrediblebank, based in Wausau Wisconsin. Their MM pays out 1.18% APY on account balances from $2,500 to $249,999; higher balances can yield a 0.80% APY.This means you can earn 1.16% APY on a money market account with a $2,500 minimum deposit.

Compare all of these accounts to the highest savings account, CD and money market rates from our comprehensive collection of financial institutions at MoneyMarketAccount.net.