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.
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