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What is a Rewards Checking Account?

Rewards checking accounts can sound enticing, but it is important to understand that there are differences in accounts across separate banks. Rewards accounts often highlight your monthly spending and reward you for reaching your short and long term financial goals. A customer may be rewarded for just signing up and never receive any further reward benefits because the rewards weren’t attainable. The good part is, there are banks out there that truly reward you on a regular basis with low points of entry. You will be happy you put in the time to research which account gives you the greatest benefits – that you can trust.

Radius lays out all of their Rewards Checking account requirements in a simple, easy to follow format. First of all, Radius Bank doesn’t believe in monthly fees –  you worked hard to earn your money and you deserve to keep it. This will help keep more money in your account and gain a higher return, especially since the account also earns a 0.15% annual percentage yield.1 Since finding an ATM to coincide with your bank is unreasonable these days, Radius makes sure to reimburse their Rewards Checking customers for any ATM surcharges. On top of all that, Rewards Checking customers at Radius earn 1.00% cash back on every purchase.

Don’t settle for just any account. Apply for a Rewards Checking account today – and you can be reaping these benefits tomorrow.

1 Annual Percentage Yield (APY) accurate as of 11/30/2021. Minimum amount to open account is $100.00. Rate tiers are as follows: 0.00% APY applies to balances of $0.01–$2,499.99, 0.10% APY applies to the entire balance on balances of $2,500.00-$99,999.99, and 0.15% APY applies to the entire balance of $100,000.00 or more. Rates may change after account is opened. Fees may reduce earnings.

About the author

Kathleen Barrett

As the Director of Marketing at LendingClub, Kathleen has had experience in the financial services industry for over ten years. Ten years ago, while working for a non-profit focused on helping consumers work their way to financial freedom, Kathleen found her passion for financial education. Her current role puts her at the forefront of online banking trends, allowing her to share her expert advice for your personal financial needs.