Story Comments

Are you serious? Many of them ARE SCHEMES because for some people that these banks market to (not me fortunately), it seems like a good deal. Think of younger folks just starting out. For example, they don't mind moving their savings and opening a linked checking account because they'll take the initial bonus $$$ and technically lose nothing. What happens many times as the article says is that the bonus isn't worth it. They have restrictions, get worse customer service, worse bank hours, and other hassles, especially when they try and close the account out and move again. If that doesn't convince you, just remember - they're bankers. They're out to make money (from your deposits).

And when WaMu goes into bankruptcy, you'll get your money back, but it may take a little time....

Ahhh those crafty banks... always coming up with some scheme. Stay put with your money market fund (ING or whatever).