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.
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2007 Checking Study 
