Making your money work for you is a key to wealth. Bank of America has a great High Yield Checking account.
Bank of America offers a high yield checking account. They call the account an advantage with tiered interest checking account. The idea behind the account is to leave a lot of money in there for it to gain interest.
One can compare high yield checking account services at their local bank or at a different branch to see the best deal for their specific needs on the right account.
Many banks offer competitve rates for high yield checking accounts these days. You can try Bank of America, Wells Fargo, and also Chase bank.
U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.
There are many banks that offer a high yield savings account. The best bank that offer the best high yield savings account is Charles Schwab investment bank. They have what is called the high yield investor savings account, where there are account minimums and no monthly fees.
"This depends soley on the bank that you are looking to open a high yield checking account with. Some banks only require as little as proof of identification and being at least 18 years of age. However, some banks require minimum balances, service fees, and membership fees. It would be best to inquire at your bank of choice."
Interest rates vary depending on the bank the savings account is in. For a high yield savings account, interest rates can be from 0.95-3.0% annual percentage yield.
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
Your bank routing number is on the left side of the checking account and the checking account is next to it.
A high yield CD, or Certificate of Deposit, is an account, wherein a customer deposits a sum of money to a bank, and receives a high percentage of interest in return.
Banks may require a deposit of $1 to $100 to start a high yield savings account. At this time many banks are offering high yield savings accounts with fees and no minimum balance after the deposit.
The best interest rates you'll get from Bank of America are in their CD's and their money market accounts. Money Market Accounts work like a checking account, but pay a higher interest rate.