If you are getting an extra cash return from your IRS tax filing then you will want to put this money somewhere that is gaining interest. They will be watched do research on the best online checking account rates. At the present time there are many local community banks that are offering rates as high as 5.25%.
Most people do not realize that there are banks that are offering interest rates this high on checking accounts but they do exist. It will be wise to do your research before deciding which bank to choose as some of these bank accounts are only available to local residents.
Unfortunately, if you do not live in a specific area in the country you will not have access to these high interest rates. Please understand that there is nothing you can do about this but research the community banks in your area that are offering high interest rates. Getting a high yield on the checking account is something that could be very beneficial in the future.
By compounding interest on the money that you have earned you could see your wealth grow very quickly. Having an interest rate as high as 5% will allow this money to grow much quicker than if you had a lower interest rate from a national bank. Make sure to do your research today is there are opportunities out there.
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