I'm tired of earning a measly .75% on my emergency fund, and it seems like the best interest rates on cash accounts are coming from high-yield checking accounts. These come with a set of hoops to jump through, but for me they're not particularly onerous. They usually consist of having a monthly direct deposit, signing up for electronic statements and e-bills, and doing a number of monthly debit transactions.
As of today (3/30/14), here's the best rates I could find:
Inova Federal Credit Union 3% on up to $20,000.
http://www.inovafcu.org/accounts-services/checking.htmlHeartland bank: 3% on up to $15,000.
https://www.hbankusa.com/personal/checkingBefore I sign up for one of these, I'm wondering: does anyone out there know of a better deal? I know you can get like 6% with Mango and similar prepaid debit services, but the max for them is $5,000 and it's too many hoops to jump through, including a paper check to get your money back out. I'd be looking for at least a $10,000 balance.
Thanks!
