Originally Posted by
outoftown
There are many FDIC places to do this. See
http://www.money-rates.com/rewardschecking.htm
However you do have to make sure you get the required monthly debit transactions, ACH charges, which I have automated to ping $1 between credit unions, and on some of the accounts, on-line only account communication. One of my banks has a max of two of these accounts per person, so Mrs. Outoftown and I each have two accounts and 1 is in my mom's name. They had a "pudding guy" open 170 accounts, so now there is a cap on the number of accounts. Another credit union checking account I have pays 1% less, but no ACH charges are required and their cap is $50k instead of the usual $25k. Also the rate has been dropping over the past two years. Mine just dropped to 3.01% last month.
HTH,
outoftown
Looking at the list of banks they all seem to have a huge number of required transactions. Can you explain more about the $1 that you're pinging between credit unions? Are you writing checks to yourself or something?