Community Banks Go After Bigger Rivals with High-Yield Checking


	Community Banks Go After Bigger Rivals with High-Yield Checking

ESKCSG

2-4-2009 1:40 PM

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tags:

high yield checking account, banking news, community banks, bancvue, checking finder, reward checking, bank rates, checking account, checkingfinder

ESKCSG says:

Community banks and credit unions are emerging as the safer, more lucrative investment alternative.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bff16ee8-3c0c-44d6-8ab4-2b31f0c32690/F3A6C619-C04C-470D-BD06-4AB87F198654/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601213&sid=akJ6P.V1xCqM&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601213&sid=akJ6P.V1xCqM&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601213&sid=akJ6P.V1xCqM&refer=home"><SPAN class="news_story_title">Community Banks Go After Bigger Rivals With High-Yield Checking </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601213&sid=akJ6P.V1xCqM&refer=home"><P>“I didn’t have to do anything special to get the rate,”
said Powell, 34, an information technology engineer at <A href="http://www.bloomberg.com/apps/quote?ticker=DELL:US">Dell
Inc.,</A> who switched to United Heritage from Charlotte, North
Carolina-based <A href="http://www.bloomberg.com/apps/quote?ticker=WB:US">Wachovia Corp.</A> “I just did what I normally do
and got rewarded.”     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601213&sid=akJ6P.V1xCqM&refer=home"><P>High-yield checking accounts offered by community banks are
attracting new customers, according to December data compiled by
<A target="_blank" href="http://www.bancvue.com">BancVue,</A> an Austin-based company that has helped 460
institutions nationwide implement reward checking and savings
programs. The accounts grew by 531,205 in 2008, almost triple
the number a year earlier, said Dan Mahoney, a spokesman for
BancVue.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F3A6C619-C04C-470D-BD06-4AB87F198654/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>