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How to Make Hundreds of Dollars Per Year With a Checking Account


How much money do you earn from your checking account each year? If you are like the average person, you probably make absolutely nothing. Or, you might even pay to have a checking account. What if I told you I earned hundreds of dollars each year through my checking account? You might think I am crazy, but it’s absolutely true and you can too! All you have to do is research the banks with the highest interest rates.

The Top Interest Rates Out There

So which banks offer the best rates right now? Where can you put your money to get the best return on your savings? Well let’s check it out!

  • Heartland Bank: 3.00% on the first $15k
  • Lake Michigan Credit Union: 3.00% on the first $15k
  • Coulee Bank: 2.55%
  • Cross Keys Bank: 2.05% on the first $10k
  • Westfield Bank: 2.01%
  • Farmers Bank & Trust: 2.01%
  • Bank of Wichitas: 2.00% on the first $10k
  • Royal Bank of Missouri: 1.85% on the first $25k
  • Provident Credit Union: 1.76%
  • Princeville State Bank: 0.89%
  • Sierra Bank: 0.89%
  • Morrill and Janes Bank: 0.85%
  • Bank5 Connect: 0.76%
  • South Division Credit Union: 0.50%

20140303 - checking accountsYou might not think these interest rates are all that impressive, but compare it to what you are receiving on your checking or savings account right now. If you have $10,000 in the bank (I know that may be far fetched for some of us, but just roll with me on this one) consistently for a year in Heartland Bank, you would earn yourself $300 – and that’s for doing absolutely nothing! All you had to do was let your money sit in the checking account and accumulate interest. If you were able to keep $15,000 in your account for the year, then you would earn $450. Isn’t that a great way to earn money? Sounds pretty good to me!

Increase Your Interest Rate

I know it can sometimes be a pain to switch banks, but even if this move would earn you an extra $100 a year, it would be worth it wouldn’t it? I think so. Once the move is complete you can be hands off on your account again and start earning some real money. Heck, just by performing this one task you could have a pretty nice Christmas on the interest money!


While these earnings are very easy to get, there are some things you must do in order to earn these great interest rates. Here are the basic requirements:

  1. Have a direct deposit linked to your account
  2. Use your debit card at least 10 times a month
  3. Check your online account 4 times per month
  4. Use eStatements (paperless)

There are sometimes other qualifiers, but these are the main ones. Really though, when I switched to one of these high interest rate banks, I hardly had to think about meeting these requirements. I use my debit card for gas and grocery purchases, and that is basically my 10 uses. I check my account every couple of days just to make sure there are no fraudulant charges. And, eStatements have been great. It’s better than getting all that paper in the mail that I barely look at.

I strongly urge you to take a look at some of the banks toward the top of this list. It could really earn you some big money. Plus, it would encourage you to keep your bank account full, which is always something you should be striving for!

Have you looked into these high interest bank accounts?



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. That Heartland 3% comes with using your debit card 25 times for over $5.00 each time…….I think I will take the 2%. Great article, thanks!!!

    • That is quite a few purchases with the debit card! 2% is still pretty good considering the low average in the US. Nice work!

  2. Unfortunately, the “Use your debit card at least 10 times a month” would prevent us from using these accounts. I hate debit cards that are tied to a bank account. It can be a royal pain to recover fraudulent charges done on a debit card. We have had it happen twice with credit cards. We just had to fill out an affidavit that stated which charges were fraudulent, and that was that. We were issued new credit cards, but other than that, we never heard a peep or were out cash for any length of time, unlike what could have happened with a debit card, where our account balance could have been drained.

  3. Ah Derek, you missed one that’s a really good deal. Santandar Bank (sp?). They put $20/month into your checking account if you make at least 2 electronic deposits a month that total $1,500 or more, and I believe there is also a need to pay 2 payments electronically every month. However there was no balance requirement.

    • That’s awesome! Thanks for mentioning this Chris!

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