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Exclusive   2007 Checking Study
  STATISTIC: The average monthly service charge for interest-paying  
  accounts jumped nearly $1 a month.  

Average interest yields keep dropping

The average yield on interest-paying checking accounts has ticked even lower since last year, from 0.34 percent to 0.32 percent.

Yields for interest-paying checking accounts have been perpetually relegated to the cellar, a fact evidenced by the dreadfully low interest payouts in recent years, regardless of whether interest rates were rising or falling.

The ultra-low yield is a good argument for not letting a large balance pile up in those accounts.

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