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Those high yield savings accounts. Which bank offer highest interest, without having to credit salary, or spend using their credit cards?
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Each bank will try to compete with one another from time to time while offering other services. If there's no lock in of funds (except for perhaps the fall below amount), i.e. the cash in bank can be withdrawn anytime, it makes no sense for banks to give high interests as they can't use the money to invest. Surely even without credit salary, min. spend or other criteria, the interest is also e.g. on the lowest balance of the mth.
If really want to look for high savings interest need to go for other instrument like Tbills, Saving bonds, Fixed Deposit - all these have some form of lock-in.
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