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Many high-yield checking accounts discourage high balances by limiting the highest advertised APY on up to $5,000 or $10,000 in your account, dropping your rate to a low — or no — APY on the rest.
Live Oak Bank is an online-only financial institution that offers high-yield deposit products. Its Business Savings account earns a competitive APY and doesn’t require a set minimum balance or ...
Bonus amount. None specified. Minimum initial deposit. $25. Monthly service fee. $25; waived with min. daily balance of $10,000 or average combined business deposit balance of $15,000
“For instance, a small business might opt for a business checking account that includes 100 free monthly transactions and can waive fees depending on your account balance,” Oliver explained.
High-yield checking account. ... and federally protected for up to $250,000 per depositor, offering a layer of protection if the bank were to go out of business.
Online banks and fintechs offer FDIC-insured high-yield checking accounts with rates as high as 3.00% APY. For example, Axos Bank Rewards Checking pays out 3.30% APY with direct deposits of at ...
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