Salem Five Direct High Yield Checking Account
June 4, 2007 – 2:49 pmIf you're new here, I suggest you subscribe to my RSS feed. or bookmark this blog. You'll be able to easily keep up to date with new posts. Thanks for visiting!
Salem Five Direct offers a high interest checking account with no monthly fee and no minimum balance. Here’s the rates for the different tiers.
$0-$9,999 5.00%
$10,000-$24,999 5.10%
$25,000-$49,999 5.20%
$50,000-$99,999 5.20%
$100,000 or more 6.10%
I obviously fall under the $0-$9,999 range and qualify for the 5.00% rate. 5% beats ING’s Electronic Orange account’s 4% easily. A full percentage point is usually enough to get me to switch so I’ll open up a test account in the next couple of days to see how things are there.
