Banking
Choosing The Best Bank
By Tim McMahon, editor
Finding the right bank is much different than it was twenty years ago. In those days, you went to a bank primarily because it was located in your neighborhood and it was convenient or perhaps because they offered a gift like a toaster for opening an account. Today with the advent of online banking you can open a bank account with a bank across the country and never step foot in its building.
Today there are a variety of different reasons to open an account and none of them involve toasters.
Reasons to Choose a Bank Account
A higher rate of interest is a good reason to choose a bank account. But these days most banks offer a pitiful interest rate. One of the biggest online banks EverBank® does guarantee to yield in the top 5% of all competitive accounts. Because they don’t invest in fancy branch office buildings, they can afford to offer a better return on their FreeNet Checking Account and still maintain a healthy balance sheet, so they will be around when you decide you want your money back. They are also insured by the FDIC just like your neighborhood bank. But there is an even better reason to look into EverBank®. They also offer
