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"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."
What else can I help you with?
What are some benefits of a high yield checking account?
A high yield checking account will allow you to make more interest off of your money provided that you have enough money invested to qualify for a high yield account.
What bank has a High Yield Checking account with no fees?
Making your money work for you is a key to wealth. Bank of America has a great High Yield Checking account.
Does Bank of America offer a 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.
Where can one compare high yield checking account services?
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.
How does one qualify for a high yield savings account?
There are not much qualifications to open a high yield savings account, Sallie Mae will allow you to open one with no minimum balance and no monthly fees.
Where can I find a good high yield checking account online?
Many banks offer competitve rates for high yield checking accounts these days. You can try Bank of America, Wells Fargo, and also Chase bank.
Where can I find a nationally available online checking account that offers interest payments?
They have a list of them here http://www.moolanomy.com/1733/best-high-yield-online-checking-account-rates/
What are the benefits of a high yield money market checking account compared to traditional checking accounts?
A high yield money market checking account typically offers higher interest rates compared to traditional checking accounts, allowing you to earn more money on your balance. Additionally, these accounts often have fewer fees and may provide additional perks such as ATM fee reimbursements or free checks.
What type of checking account that also earns interest these accounts generally have a higher minimum balance?
The type of checking account that earns interest and typically requires a higher minimum balance is known as a high-yield checking account or an interest-bearing checking account. These accounts often offer better interest rates than standard checking accounts, but they may require a minimum balance to avoid fees or to qualify for the interest rate. Customers should carefully consider the terms and conditions, as the higher balance requirements can make them less accessible for some users.
Are there additional benefits to opening a high yield savings account?
Often times high yield savings accounts do not require a minimum balance. These accounts can also be set up in addition to an already existing checking account you may already have which makes it easy to transfer funds.
What is the purpose of high interest checking?
"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."
What type of interest rate can you expect from a high yield savings account?
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.
