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high yield checking account

Posted on 11/29/19 at 9:23 am
Posted by Teauxler
Baton Rouge
Member since Jan 2010
3298 posts
Posted on 11/29/19 at 9:23 am
quick question... i found a high yield checking account offering 3% APY. there savings accounts only offer 1%.

what am i missing ?
Posted by SLafourche07
Member since Feb 2008
9929 posts
Posted on 11/29/19 at 9:30 am to
Probably having to have a direct deposit and ~15 transactions per month to get that rate.
Posted by MrJimBeam
Member since Apr 2009
12357 posts
Posted on 11/29/19 at 10:08 am to
Can you pass along the bank info? I’m curious.
Posted by molsusports
Member since Jul 2004
36136 posts
Posted on 11/29/19 at 12:44 pm to
You could look into a credit union instead
Posted by #1TigerFan
Member since Apr 2005
1665 posts
Posted on 11/29/19 at 2:30 pm to
Pelican State FCU has a high yield checking acct that pays 5.01% APY for deposits up to $7,500, and .81% above $7,500
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