The good news for investors these days is that even checking accounts come with so many benefits that make them worth having. You even get checking accounts with reward points. This is really amazing for those just starting out their savings at the beginning of their professional career. So, to help you out, here are some tips for optimizing a checking account.

Know some selection criteria
When selecting a checking account to open you must keep certain points in mind. First up, always opt for a stable financial institution that has been around for a while and is a trusted name. Also, look for a bank that is consistently good. Finally, look for the maximum rewards that you can earn on the checking account. But, try to prioritize consistency over sudden sharp gains. It is better to have steady growth than sudden spurts that may not last.

Swipe a single payment in several parts
You may fret that you are not making the minimum number of transactions required by your checking account debit card to earn sufficient points on it. There is an easy and quick way to work around this. You can try paying a bill in installments. For example, if you have a network provider’s bill that needs paying, you can pay them once a week in four swipes as four installments instead of a single payment in the month. This will help you make up for the number of transactions you need to undertake for your debit card. Try this with whichever providers allow you to make multiple payments in a month.

Open multiple accounts
This is one of the easiest tips for optimizing a checking account. You should keep in mind that you can only earn rewards and interest on your checking account up to a certain point. Beyond that, your earnings will be limited. You can increase your scope of benefits by opening at least two or three checking accounts that offer rewards. Now, you can either open all these accounts in the same bank or credit union or you can open each one in a different financial institution. Just note that if you open each one in a different place, the terms and conditions for earning rewards may differ. So, it’s best to keep track.

Shop around a bit
Finally, when choosing a rewards checking account, you definitely want the best deals out there. For this, you need to shop around a bit. Do not settle for the first offer that you get. It’s best to do a bit of research online, and see what accounts others are using, and then sign up. Two of the best options for checking accounts that offer rewards are Consumers Credit Union with 4.09% interest and Lake Michigan Credit Union that offers 4.0%. Do remember that each of these also has a minimum balance to qualify for that interest rate, so check the details to make sure you optimize the maximum rewards from the account.