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What is a high-yield checking account? It’s exactly what it sounds like

what is high yield checking

  • High-yield checking accounts that offer more than 2% APY are becoming more common.
  • However, many come with balance or deposit minimums, or require a customer use the bank’s bill-pay service or have paychecks deposited directly in order to get the APY.
  • High-yield checking accounts can be a great way to earn more interest on your spending money, but read the fine print and research diligently to make sure the account you want fits your lifestyle.
  • Visit Business Insider’s homepage for more stories.

Life is hard without a checking account. Without it, where would you deposit your paychecks? How would you pay read more >>>

Source:: BusinessInsider.Com