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;
• Free unlimited bill pay;
• 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?

If you enjoyed reading this post, please consider subscribing to my full RSS feed (What's RSS feed?). Or you can also choose to have free daily updates delivered right to your inbox.

• Feeling the pain at the pump? Find out how you can get up to 5% cash back with these gas rewards credit cards. It's the money you have to spend anyway. Why not get some back?
• Ready to buy stocks/ETFs with zero commission? Check out the Zecco review and try Zecco Trading to get 10 free trades/month.