One of my earliest posts when I started this blog was about Fidelity's MySmartCash Checking account. Well, 4 months later, thanks to all the rate cuts being implemented by the Federal Reserve, the interest rate on this account is down to just 1.5% APY. Spectacular? Not at all. But better than most other banks given that its still a checking account with great features? Absolutely.
There are checking accounts available that yield over 5% but their requirements are so onerous that I don't even bother.
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