IGoChecking, IGoBanking’s Checking Account, Offers 2.65% APY

IGoBanking is one of the online banks that I used quite often in the past, until recently I switched to Capital One/FNBO Direct because IGoBanking’s rate, at 3.28% APY, is no longer attractive comparing to others.

Early this week, I received an email from IGoBanking, introducing me their IGoChecking checking account. Key features of the new checking account include:

• Earn 2.65% APY for your money;
• ACH fund transfer takes 2 to 3 business days;
• Paperless checking account;
• No monthly fees and no minimum ($1 minimum to earn interest);
• Free unlimited bill pay;
• Pay people service;
• IGOdebitcard for purchase and surcharge-free ATM withdraw through Allpoint Network.

There are quite a few online banks also offer interest checking accounts. Among them, I have account with ING Direct and HSBC Direct. Though it’s nice to earn some interests with money in the checking account, I am still using Bank of America to pay bills, fund all the online banks, and make stock/mutual fund purchases and I don’t make a penny from the money in the account. For me, switching to another checking account is too much of a hassle and interests earned from a few thousands in the checking account aren’t that appealing. I’d rather put all the money in high-yield savings accounts and keep the minimum in checking account. So I am sticking with BoA

Are you using an interest bearing checking account?

Related Articles You Don't Want To Miss

1. IGoChecking Has The Best Interest Checking Account Rate
2. FNBO Direct Review: An Online Bank Offers High-Yield Savings and Checking Account
3. Online Interest Checking Plus Savings Accounts: Who Offers the Best Deal?
4. IGoBanking Savings Account Opened
5. HSBC Checking Account $75 Sign on Bonus
6. FNBO Direct BillPay Account and IGoBanking Transfer Limit
7. KeyBank Offers FREE GPS for Its Checking Accounts
8. IGoBanking Account Fully Functional