Checking Account Promotions for 2011

The banking industry took a real nose dive especially in the forum of public opinion. They are trying desperately to rebuild their reputation with the public. You can expect to see some really great checking account promotions for 2011.  

Checking account promotions for 2011 are going to go above and beyond the traditional toaster from the banks. They not only want but need to regain consumer confidence. What better way than to get more consumers to come back to the banks? 

Interest Bearing Checking Accounts  

A lot of banks will offer interest bearing checking accounts as a way to bring in the customers. In 2011 what you are probably going to see is an increase in the amount of time that the new checking account will offer the higher introductory rates.  

For example interest on a checking account is nothing new. Typically the offer is for a higher rate for a specific amount of time which is typically a short period of time. In 2011 the checking account promotions for 2011 will likely include a longer introductory period. Lets say the time frame in 2010 was three months that time frame will likely be bumped up to six months in 2011. 

It may even be that the rates are going to be higher than they were in 2010,this will be a welcome opportunity.  

Free, Free and More Free  

In 2011 you are going to see the word free everywhere there are checking accounts. The banks are going to be literally giving checking accounts away.  You will see free check cards, no fee services and a whole lot of other free offers.  

A lot of banks are going to be offering no credit check checking accounts if you have your pay directly deposited. This will open up an opportunity for folks that suffer with less than great credit to open a checking account.  

The banks need consumers now so they will be doing whatever it takes to get you in the door.  

Cash Back  

A newer trend among banks is to  offer cash back when you use your check card that is linked to your checking account. This is one of the best checking account promotions for 2011 that you will see. You can earn money while you are spending money! This is a great opportunity to earn money for doing something you would normally do anyway.  

2011 is going to be the year of the consumer. You will see simply amazing checking account promotions for 2011.