Unusual Investments

Alternative Investments | 150 ways to invest your money

150 Types of Alternative 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.

Some reward checking accounts require fifteen debit card transactions a month, each $5.00 or more. Some people satisfy this by buying up $5 e-gift cards in 15 separate transactions.

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