MyCardBlog

Most of banks are reducing the interest rate recently. It’s really difficult to find high interest rate at big banks like Citi, Chase, HSBC and Bank of America. But there are many small banks offering rewards checking accounts with great interest rates.

AmericaNet Bank which is an online bank operated by All America Bank since 1969 (FDIC insured) is offering such a chance. AmericaNet Bank is offering 5.25% APY on its rewards checking account with account balance up to $25,000. For the balance beyond $25,000, you can still get 2.25% which is still a great rate for a checking account. Futhermore, AmericaNet Bank will refund all ATM fees worldwide as long as the following activities are met:

• 10 check card purchases per month
• receive electronic statements (online statement)

There are no minimum balance requirements and no monthly maintenance fees. Minimum initial deposit is $1. The above two banking activities must be met each month. Otherwise you can only get 0.25% APY on your account.

Features of the rewards checking account:

FREE Online Banking
FREE Checking
FREE AmericaNet Bank® VISA® CheckCard
FREE Customer Service
FREE Daily Email Notification if Overdrawn
FREE ATM Transactions Worldwide
Overdraft Privilege Available
NO MINIMUM BALANCE

AmericaNet Bank also ffers online savings account called Mega Money Market account. The APY is 3.10%. This is a great online savings account with no minimum balance requirements or monthly fees.

If you are looking for some high interest rate online banks, the AmeircaNet Bank is a great choice.