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NASB place to park cash for a few months
Old 01-08-2015, 11:39 AM   #1
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NASB place to park cash for a few months

North American Savings Bank - Rewards Checkingis offering a teaser rate of 2.05 percent on balances up to 25k, no fees etc.

https://www.nasb.com/rewards.htm

Rate is good until Sep 2015. We just refinanced with them and it was an extremely easy transaction, good customer service.
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Old 01-08-2015, 11:47 AM   #2
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I'm retired and have better things to do than jump through a bunch of monthly hoops for $200.... like doing nothing. But for those who like to squeeze out every drop it sounds like a decent opportunity.
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Old 01-08-2015, 05:43 PM   #3
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Originally Posted by pb4uski View Post
I'm retired and have better things to do than jump through a bunch of monthly hoops for $200.... like doing nothing.
Understand that I'm in your camp but for a lot of people it is just a sport that they like to engage in.
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Old 01-08-2015, 06:21 PM   #4
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I would have considered it, but the 12 required debit card (non-ATM) transactions/month was a showstopper.

-gauss
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Old 01-09-2015, 07:40 AM   #5
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I would have considered it, but the 12 required debit card (non-ATM) transactions/month was a showstopper.

-gauss
I didn't read it as a monthly requirement, just to complete prior to the Sept.
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Old 01-09-2015, 08:11 AM   #6
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Chase was offering $250 for opening a new checking account and making one electronic deposit. If you keep $15,000 in there it was free checking.

No other hoops to jump through. I think you have to keep the money in for 90 days.

1.66% return for 90 days, annualized to 6.8% return.

We did it, but mostly because we wanted a 2nd checking account for security reasons (with all the hacking going on I wanted to split up our funds in case one of the banks had to put a hold on us while they sorted through some fraud or similar).
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Old 01-09-2015, 08:32 AM   #7
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Chase kept sending me cards offering me at first $250, eventually it went to $400. So I opened an account. Don't see how they will make money on this.
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