Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays.
Big news from Emigrant Direct Savings Bank… They’ve finally rolled out their new cash back credit card. This card, which is issued by Juniper Bank, offers:
â€¢ Up to 1.25% cash back on all purchases
â€¢ Rewards are credited directly to your American Dream Savings Account (twice annually)
â€¢ No limit to the amount of cash back that you can earn
â€¢ 0% APR on balance transfers for six months
There is, however, a pretty big catch… In order to receive the maximum cash back amount, the primary cardholder has to maintain an average daily balance of ? $10k in their Emigrant Direct savings account over the six months prior to the reward being deposited. Dip below $10k and your rewards will fall back to 0.50% of net purchases. Ouch. That’s a pretty big hit.
[Via: Neo’s Nest Egg]