Tired of getting little to no interest on your liquid checking accounts?
With Bank Direct you 1.2 AA miles per year per dollar in the account. At a value of 1.6 cents per AA mile that's equal to 1.92% interest per year. Plus there's no tax owed on miles so its more like 3% interest per year.
If you have $50,000 in an account you will get 5,000 miles per month, for a total of 60,000 miles in a year.
-If I refer you you'll get a bonus 1,000 miles for signing up in addition to the regular 1,000 mile signup bonus. (PM me for a referral)
-Withdrawals are easy, you can use any ATM for free and they reimburse the banks ATM charge as well 4 times per month.
-For deposits I deposit at my local bank and ACH it online to Bank Direct. You can mail in deposits as well in prepaid envelopes.
There is a $2,500 minimum to avoid fees.
-I have a $1 bill pay set up every 15th of the month to my credit card to qualify for the 2,000 mile billpay bonus.
-You can also get 5,000 miles if you have direct deposit.
-Unlike on a regular account where you owe taxes on the interest earned, you don't pay any taxes on miles earned!