As banks and credit unions look for more ways to entice new customer accounts, be on the lookout for ways you can use a checking account to put some extra cash in your pocket.
Yahoo Finance reports there are seven ways you can leverage checking accounts to earn more money:
- Does the account pay interest on the checking balance?
- Look to open a cash-back checking account
- Is there a sign-on bonus for opening a new account?
- Does the bank offer a referral fee for sending friends their way?
- Is the checking linked to a savings account with a better rate?
- Find an account with autosaving features
- Take advantage of checking account free perks like reduced admissions to attractions
It means taking time to do a little more homework on what financial institutions in your area or online may be offering to get your business. Remember, there are organizations with tie-ins to banks that help both their businesses. Sports teams might do that. Keep your eyes peeled to spot these deals.
Council of Seniors Works to Make Senior Life Easier
Seniors can gain a needed financial edge with more retirement income. Here at Council of Seniors, we’re working hard to get Congress to pass The SAVE Benefits Act. Because the annual Social Security cost-of-living adjustment (COLA) has fallen short in recent years, the amount of $581 was withheld from seniors. The passage of this bill will ensure that money is returned.
Sign our petition without delay to start helping. We’ll deeply appreciate all you can do to help make this reality.
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