When selecting a checking account, look for low or no fees, a broad ATM network and low opening balance restrictions. Earning interest is a plus, too.
While most us have a checking account, we may not always immediately draw the distinction between these accounts and other types of bank accounts. The big appeal is that it lets you easily access your cash.
Checking accounts are great for everyday spending. Unlike savings accounts and certificates of deposit, checking accounts don’t place many restrictions on how often you can access your money through debit card purchases, withdrawals or transfers in a month.
But there are different types of checking accounts, and to give you an overview, one that may work for you is a High-Performance Checking account.
At Honor Bank, you can qualify for a High-Performance Checking account if you keep a minimum balance of $2,500. When you keep at least $2,500 in your account, it qualifies you for a tiered interest rate. A tiered-rate account is an account that has two or more interest rates that are applicable to specified balance levels. The higher the average balance, the more interest you’ll earn. This is a great way to get the most out of your checking account when you keep high balances.
A High-Performance Checking account is the ideal account if you consistently maintain a high balance – and it has no fees as long as you meet the balance requirement. The benefits include favorable interest rates, unlimited check writing, free checks, along with a no issue fee for money orders or cashier's checks.
Other perks you get with an Honor Bank High Performance Checking account include a minimum of $50 required to deposit when you open an account, the $15 monthly fee is waived if balance remains above $2,500, and you have overdraft protection available.
The nice part of a High-Performance Checking account is it allows you to earn a good rate on your checking balance. Unlike a money market account, with this account, you can write all the checks you want and earn interest each month. Put your money to work without sacrificing your checking privileges. Stop in at any Honor Bank branch office and talk to one of our professionals to set up a High Performance Checking account. For all the details, see https://www.myhonorbank.com/high-performance-checking.
- UP TO 2.01% APY on balances up to $10,000
- Refunds on ATM fees, nationwide (up to $20 per statement cycle)
- No minimum balance to earn rewards
- No monthly service fee
Kasasa Saver also earns a high interest rate of up to 1.00% APY* on balances up to $100,000 each month that you qualify.
Here are all the good things to know about Kasasa Banking!
**Non-maintenance activity fees, such as fees for paper statements, may apply.
Visit or call one of our Personal Bankers today to learn more about what a checking account can do for you…and which will perform best for your personal financial needs. For a convenient time to visit and a location near you, see https://www.myhonorbank.com/hours-locations.