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Exclusive   Fall 2006: Checking study
  STATISTIC: Minimum to earn interest is up 43 percent. You have to tie up a  
  lot of cash to earn minuscule interest, Bankrate has found.  
   
 

Interest rates not affecting yields

Average interest yields still horrid
There is good news and bad news when it comes to yields on interest checking accounts. The good news is that the average yield is the highest in more than three years. The bad news is that, at 0.34 percent, the average yield is still dreadfully low. In short, rising interest rates have not translated into higher yields for consumers holding money in interest-bearing checking accounts.

Average yield
Bankrate.com's corrections policy -- Posted: Oct. 30, 2006

 
 
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