Watch me open up the weirdest and most profitable 3% CHECKING ACCOUNT! Add me on Instagram: Chris_Dandrea
Top 5 EASIEST Student Side Hustles
https://www.youtube.com/watch?v=NZykrtgHopQ
Grocery Shopping Hacks To Save A Lot Of Money (At Target)
https://www.youtube.com/watch?v=ufSZb6krU2Q&t=7s
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I am not sponsored or affiliated with Redneck Bank in any way. If you are interested in learning more about Redneck Bank, be sure to visit their website, and as always do your due diligence before making any financial decisions.
https://redneck.bank/
I can't believe I signed up for this bank... It's so strange! The reason I am signing up for this bank is that it has the HIGHEST rate... on a checking account! 3% interest checking, no minimum balance, zero fees, no hassle...
You heard all that correctly, a 3% interest on a CHECKING ACCOUNT? It really does sound too good to be true.
I was genuinely surprised to discover that Redneck Bank is actually a really good account option, with a high-interest checking account, a $0 minimum balance, and really fun experience when on their platform. At first, I was skeptical, but after looking at the reviews and browsing through the website, I was convinced that I had to try this bank out for myself.
You still may be wondering why I am opening such a weird account. Why aren't I opening a normal account at a normal bank in my local area?
The #1 mistake that most people make with their money is they are keeping their money in the wrong kind of account.. one with very low or no interest rate. They instead need to keep their money working for them in a high-interest savings account. This is so important because of a pesky thing called inflation. On average inflation is 2% every year, and that is why you MUST keep your money in an account that will be fighting inflation (with high interest).
Some of my favorite options for high-interest banks are:
Ally bank
Wealthfront
Discover
Signing up for Redneck Bank - 3% interest checking account
As I signed up for this bank, I was impressed by all of the resources that are offered and how in-depth the website was. For the high-interest checking account, you will receive 3% on up to $10,000. For anything more, you will need to open up a Mega Money Market account.
If you are wondering what the requirements are for over $10,000. You will need to put your money in their Mega Money Market account, receiving 2.40% on up to $50,000.
As a student, I am working with small numbers in my account so this will be perfect. Plus it will be such an upgrade from my current checking account which has ZERO interest. Redneck is a great checking account option for all beginners who are just starting out on their financial journey.
Truthfully, my favorite part about opening this account was playing with the interactive fly and animals on the homepage...
I hope you enjoyed watching me signing up for Redneck Bank (and opening a 3% CHECKING ACCOUNT) and that you are inspired you to continue learning more about high-interest bank accounts and eventually open one for yourself.
Stay tuned for the next video, where you will learn how to get paid for eating your favorite snacks! I am really excited about that video, so be sure to subscribe and click the bell so you can be notified when I upload.
Thank you so much for watching and I'll see you next time!
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Music Credit: Dj Quads
Track Name: "It's Near"