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Compare Internet-only checking deals

Here's a look at some leading Internet-only checking accounts. The annual income figure is based on a $1,500 monthly balance held in a checking account for one year, with average account activity of 12 transactions per month and one bounced check per year. Simple interest is credited to the account if it is interest bearing.

Institution
Account Name

Yield

Min. to
Open

Min. to Avoid Fees

Monthly Fee

NSF

Annual Income

             
Security First Network Bank
Interest Checking
6.00%
$100
$0
$0
$25
$65
USABancShares.com
Energy One Checking
5.00%
$1
$0
$0
$30
$45
USAccess Bank
Interest Checking
4.00%
$500
$500
$6
$25
$35
Bank CaroLine
Personal Checking
4.00%
$100
$0
$0
$27
$33
Telebank
Interest Checking
3.15%
$1,000
$1,000
$5
$15
$32.25
BankDirect
Checking w/ Interest
3.25%
$100
$0
$0
$25
$23.75
Presidential Online Bank
Special Checking
2.27%
$500
$500
$5
$15
$19.05
Presidential Online Bank
Regular Checking
No Interest
N/A
$100
$100
$5
$15
-$15
American Express Membership B@nking
Standard Checking
No Interest
N/A
$1,000
$1,000
$7.50
$25
-$15
First Internet Bank of Indiana
Interest Checking
3.09%
$100
$2,500
$3.50
$20
-$15
Citi f/i
Regular Checking
No Interest
N/A
$1
$1,000
$5
$25
-$15
First Internet Bank of Indiana
Basic Checking
No Interest
N/A
$100
$0
$0
$25
-$15
Security First Network Bank
Basic Checking
No Interest
N/A
$1,000
$1,000
$3.95
$25
-$15
USAccess Bank
Basic Checking
No Interest
N/A
$200
$0
$0
$25
-$15
Net.B@nk
Net Value Checking
3.05%
$50
$0
$5
$25
-$15
Citi f/i
Basic Checking
No Interest
N/A
$1
$1,000
$3
$25
-$15
Net.B@nk
Super Value Checking
4.00%
$50
$0
$9.50
$25
-$15
American Express Membership B@nking
Interest Checking
2.00%
$100
$2,500
$7.50
$20
-$15

-- From the Bankrate.com semiannual checking account price study
-- Figures are current as of Feb. 23, 2000

 

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