Reward Checking

Reward checking pays high yields

This article at Bankrate.com describes the phenomenon of community banks offering high interest rates to customers who are willing to jump through a few hoops, such as receiving online statements. We have a local bank, Noble Bank, that is offering a 6.01% APR Noble Horizons Checking account to customers who accept online statements, schedule a direct deposit, and make 12 debit card transactions per month. The customer gets a CD-like return on his savings, and the bank cuts costs.