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If they're paying you 1% APY on deposits now, they're not losing money. The going rate rate on deposits these days is a little over 2%.

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I agree, but what I think I mean is, whatever theyre making on my direct deposit (probably $10 a month in fees to my employer) is less than the 0.83% of xx,xxx in my checking :)

I would surely love 2% on my checking though! I thought 2% was on cash back, I will need to search for 2% checking with no restrictions somewhere

I think I see where you're going about the fees from your business. I agree, there's really not a lot of income directly generated, but a checking/savings account doesn't generate a lot of costs either. My understanding is it your credit union originates and services loans, that can be a pretty significant interest generator.

My credit union will give you 2% in checking if you meet all of these:

10 debit or credit card purchases per month

enroll in and maintain eStatements, eNotices, eTax & eCoupons for your accounts and loans

$300 minimum monthly ACH credit transaction or $5000 in deposit or loan balances

Previously, they required 10 debit card transactions per month, and I'm not sure I've made that many in my life. I'm going to check a bit closer on this, thanks. Credit union is StarOne.

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