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What are the drawbacks of a high-yield bank account?

In Personal Finance - Asked by Admin - 14 months ago

They often do not provide ATM access or check writing, you must plan for time to transfer money from your online account to your regular account and there are often teaser rates.

Answered by Admin - 14 months ago


Tags: high-yield bank account, high yield bank account, personal finance, what are the drawbacks of a high-yield bank account?

Related Questions


1. An investor recently purchased a corporate bond which yields 9.5%. The investor is in the 34% combined federal and state tax bracket. What is the bond's after-tax yield? Round your answer to two decimal places. %

In Personal Finance - Asked by thottavadimol - 2 months ago

What are money market deposit accounts?

In Personal Finance - Asked by Admin - 14 months ago

In the UK are annuities a popular option?

In Annuities - Life Annuities - Asked by Admin - 14 months ago

Personal finance can be tough and confusing. Trying to budget and plan for the future is not an easy thing since there are so many unknowns. If you have questions about #what are the drawbacks of a high-yield bank account?, future investments, retirement planning or anything that is general and is related to personal finance ask away at Zuuply.com. Our experts answer every question our users have for free.



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