Most of us aren’t paying attention to the special benefits we could be receiving from our checking accounts. The big banks are competing and one special offer that we all need to sign up for is interest paying checking accounts. There is free money out there just waiting to be deposited into your checking account. All you have to do is sign up for it.

Some of the major banks that pay interest in checking accounts are Bank of America, Wachovia Bank, Charles Schwab Bank, and Suntrust Bank. Interest rates are usually below 1% and you need to do your research. If there is an annual fee for having an interest paying checking account make sure you will be receiving more in interest than you will be paying in an annual fee.

Information is the key in this economy. We need all the information we can get so we can make the most out of our money. Don’t forget to check bankrate.com for the latest rate information.