Graduate With a Profit : Make Money While in School

Are you getting tired of seeing the market go down? According to Google Finance, the Dow Jones is down 8.33% since the beginning of this year. So instead of losing a ton of money, here is one quick way to show you how to gain in one area that does not involve public trading: open a high yield checking account or sometimes called “reward checking.”

I found this GREAT new website called Checking Finder. You can find a list of banks that offer high yield rewards checking accounts with incredibly easy requirements.

1) Type in your zip code
2) Sort by Rate
3) Pick a bank and apply. (Read the requirements and make sure you are eligible)

Some of the requirements are: (some of these you may already do)
* Use the debit card they give you 10 times per month
* Log onto your online account once a month
* Use paperless statements
* Use direct deposits (or some other form of ACH transactions)

Another BIG benefit: They will reimburse all of your ATM fees up to $25 (depending on bank) each month that you meet the requirements. Bye bye ATM fees!

Note: They also will only give you that kind of a return up to a certain limit, like $25,000 is common. But either way, if you get 6.01% interest on $25,000 that is yielding $1502.5 return per year! Granted, this will set your balance over the limit, so you need to keep a close eye on this. If you keep it at $20,000 at the same interest, you will earn $1202 for a $21,202 balance each year which will compound that much more, but once you get to a point where it will put you over the limit, then just withdrawal some money and put it into a savings account so you can keep earning money.

I would highly recommend this to everyone who is looking for an easy way to gain interest that is just sitting there. Keep in mind that the majority of checking accounts are FREE with ZERO or EXTREMELY little interest (like 0.15% interest)….these accounts give you SIX!! Check it out.

Disclaimer: I am not affiliated with CheckingFinder or any of the banks listed. I do not receive a commission for anyone that joins, I’m just giving you some good pointers. Good luck!