150 Types of Unusual Investments – The List

114. Reward Checking Accounts – some banks and credit unions offer reward checking accounts which offer above-market interest rates on balances as sort of a “loss leader” to attract more customers.

Savvy investors can open multiple accounts across several financial institutions in order to take advantage of this.

They then need to typically receive e-statements, possibly have a direct deposit, and make 10-15 very small purchases a month with their debit card to meet activity requirements so that each account can maintain its high interest rate.