How do i know if Im getting a good interest rate on my checking account?

Question

The interest is .0095% on a checking account and on savings it's .006% is that bad? How are people finding these accounts that have 3%? I dont want an account with a bank that it's all done over the internet, I like having a bank that I can go talk face to face and not have penalties if I want to close it. And I know this sounds stupid, but how do I figure the interest that the account will have at the end of the month?

Answer 1

Unless you typically keep a very large balance in your checking, I really wouldn't worry about the interest rate.  You really can't earn that much money on it anyway.  In my experience, it is best to look at the big picture.  For example, the bank paying the highest interest rate may charge ridiculous fees for things like ATM withdrawals, etc.

If you do keep a high balance in your checking or savings account, you would probably be better off with a money market account or certificate of deposit.  Talk to your bank. And check out other banks in your area to find the best place for your money.

Answer 2

Search for the best rates here. https://www.checkingfinder.com/

Answer 3

I've seen rates higher then .0095, this site, http://www.monitorbankrates.com/online-c...  

has reviewed a bunch of checking accounts.