We have a son & daughter-in-law who do not hold regular jobs and consequently do not save any money. How can we sequester money for our grandson so that the parents won't spend it? Is there a way? Thanks, D. Wernli

Rivermark Federal Credit Union in the Portland area has a 5.1% high interest checking

I can see jumping through a few hoops to get a good rate but 11-12 debit card transactions, direct deposit, direct bill pay, and online statement or log in every month?...cmon seems like they would cash in like the companies offering rebates where a big % don't collect because of exclusions or laziness. They also don't mention how long you get that rate, they typically only offer it for a short time with the hopes that you will be too lazy to change your direct deposit and billpay stuff to another account once the teaser rate is gone....I play the banks for the interest but many offers are easier to cash in on...such as giftcards or better rates on cd's or cash incentive to sign up, without all the qualifiers.
For instance i signed up for flagstar and got $50 plus another $50 for shredding checks from another account..they offer a $50 refferal fee which i never cashed in on, and the local one had a promotion for months for a $100 gas card for signing up....it would take a very good rate on a lot of money to generate a $100 return by interest for a checking account. We just got a $50 amex gift check from WaMu for for a $20 opening deposit on thier free checking, so you can see how easy it is if your willing to open and close the accounts and move from one promotion to another. Bank America gives up to $250 match on thier keep the change which would take a lot of one cent gas pump purchases to max out in the first year. Ing online has good high interest checking/savings as well as others you can find on sites like bankrate.com

LGE Communtiy Credit Union is paying 3.5% up $25,000.00 on their High Rate Checking with certain requirements. LGE has several locations in the Marietta, Atlanta area. Their website is www.lgeccu.org. Check them out!!!!

Just called. I live in VA and they have no problems doing business by mail. Max size of account is $25K. Please use there website to find a branch location....because the headquarters receptionist just connects you to a branch....she must be overwhelmed by now. Good luck

Anna,

I'm not sure where you are but I just opened an account with Southern Community Bank and Trust. They have locations all over NC. I think if you are out of state you can open one by sending stuff in by mail. I would just call the main branch in Winston-Salem and see if they can help you. I have collected some nice interest on mine in the month it has been open. Seems to work well as long as you meet the criteria. Good Luck

Unfortunately, I can't take advantage of the Advantis Credit Union Fusion checking account!

From their website:
"Membership to Advantis Credit Union is available to anyone living, working, or is an organization located within Benton, Clackamas, Columbia, Hood River, Lane, Linn, Marion, Multnomah, Polk, Washington, and Yamhill counties in Oregon. Family Members (spouse, parents, grandparents, children, stepchildren,
grandchildren, brothers, half-brothers, sisters, half-sisters, uncles and aunts) or domestic partners of a member or person eligible for membership may also join."

Last evening a friend & I were in the parking lot of Lenox mall when Clark Howard walked by. He was busily engaged in a telephone conversation. I am far from being star struck but I greatly admire his service to Atlanta & the nation and wanted to acknowledge him. As he passed, I said "Good evening Mr. Howard". At the very most I anticipated a good evening in return. Instead, being the gentleman he is, Clark turned around, reached out, shook our hands & asked our names. I am a huge fan,who like millions of Atlantans, think the service provided by the Clark Howard Show is community service at its highest. In the past, I have been motivated by the Clark Howard Show to volunteer for Habitat for Humanity, but he certainly had no way of knowing that. The courtesy & kindness shown in his greeting last evening was over & beyond any expectation. Clark you are obviously the real deal!!! Continued success to you and your team.