At Bank of Internet USA, savers will get interest of 1.25% APY (maximum) on a free checking account.
They get to control the interest they earn with the account. 0.3125% will be offered on each of four specific actions – getting $1,000 or above as direct deposits, using debit (Visa) for purchases at least once a month, paying bills online at least twice in a month and using the debit card an additional six times minimum a month. On completing all four actions, savers will get 1.25% APY.