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Exclusive   2007 Checking Study
  STATISTIC: The monthly service charge for an online bank is only $2.91.  
  You can save money by skipping the bricks and mortar bank.  
   

Higher yields offered online
 

Average yield
The average yield at Internet banks continues to dwarf that of traditional banks, 2.7 percent versus a paltry 0.32 percent. Since bottoming out at 0.84 percent in the spring 2004 version of the survey, the average yield at Internet banks has increased for six consecutive surveys, rising from 2.25 percent to 2.7 percent since last year's survey.

Comparison of average yield
Create a news alert for "checking study" -- Posted: Sept. 26, 2007
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