The use of high balance and rewards checking are just a few of the accounts that credit unions and banks are seeing an increase in, according to Market Rates Insight.

The research firm said checking account types that require deeper and wider interaction and commitment to financial institutions have increased since the last recession in July 2009.

The greatest increase in the number of checking accounts offered occurred with the caps/rewards type of account, with usage up 3.8% since the end of the last recession.  They tend to offer relatively higher interest rates and rewards for the use of linked debit or credit cards.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.