Best high-yield checking accounts in 2025 – May 2025
Best high-yield checking accounts in 2025 – May 2025
- May 22, 2025
- Bill Maurer, anthropology U.S News and World Report, May 5, 2025
-----
High-yield checking accounts typically have monthly maintenance, ATM and overdraft fees. You may have the option to waive the monthly maintenance fee by meeting requirements such as maintaining a minimum daily balance, receiving a direct deposit or completing a minimum number of debit card transactions. These requirements allow the bank to profit from your account, says Bill Maurer, professor of anthropology and law at the University of California, Irvine, who researches payment technologies. "Making you use your debit card means the bank will get fees from the interchange on those transactions," he says. Direct deposits also lower costs for the bank compared to handling checks.
For the full story, please visit https://www.usnews.com/banking/high-yield-checking-accounts.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightMoney is a relationship, not just a currency
- Careet RightHouse approves Rep. Robert Garcia's bill making major changes to loose change
- Careet RightUC Irvine-led research team to develop evaluation protocols, tools for city chatbots
- Careet RightMaurer appointed to Social Science Research Council Board of Directors
- Careet RightRecognizing financial readiness, community partnerships