These High-Yield Checking Accounts Pay 18x More

Put your money to work!

Please Note: Some of the links in this post are from partners of the original source, so if you click on any links, they may benefit from your interest. Profitable Lifestyles does not benefit. We just like sharing good ideas.

Where do you keep your money?

You’ve got options — from a shoebox under your bed to some fancy stocks.

But chances are, it’s probably in a checking account.

At least that’s what a recent USA Today analysis found. The headline reads, “Americans are hoarding money in checking accounts.”

It’s great that Americans have money to hoard.

In fact, Mike Moebs, CEO of Moebs Services, told USA Today that the average U.S. checking account deposit is $3,600 — up significantly from the 2007 average of $1,000.

In total, checking accounts hold about $2 trillion, the report says.

But is hoarding your money in a checking account really a smart money move?

It depends. Are is your checking account earning your interest?

Because if Americans stash their money in a high-yield checking account, they could collectively be earning a whopping $20 BILLION in interest a year.

A Few Reasons Americans Love Checking Accounts

Up until this past year, I kept all my money in a generic checking account.

Apparently I wasn’t alone.

According to USA Today, many of us opt for checking accounts because we love liquidity — the ability to easily grab cash. We’re also less apt to invest these days.

Plus, interest rates for savings accounts kind of suck.

These were all my reasons for opting for a checking account, plus it proved to be easy on so many levels:

  • I kept tabs on all my assets by simply checking one app.
  • It’s safe; my money isn’t going to disappear at anytime.
  • I didn’t have to remember to pay anything off.
  • The account was free.
  • It required no minimum balance.

The only thing I was missing was some interest. I had money sitting around doing nothing for me and after I wrote “make your money work for you” one too many times, I wanted to change that.

…So I Found a Checking Account With Interest

Until I started working at The Penny Hoarder, I had no idea checking accounts could rake in interest.

I assumed that was only possible with a savings account, which proved to be a hassle and a half for me in the past.

My co-worker Dana Sitar genuinely gushed about her checking account, which I’d never even heard of: Aspiration’s Summit Checking Account.

I liked the name.

As I dug into it a little more, I realized I could earn 1% interest, which might not seem like a lot, but at that time I was earning a fat goose egg of zero interest.

Full story at The Penny Hoarder

Check DepositAccounts for the best APY in your area

Get Access To Marc Chaikin's "Power Gauge Report"

Enter your email address to access all the details.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

The AI Stocks Every Investor Should Have On Their Radar

Enter your email address to access all the details.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email and phone number below to see the stock name and ticker on the next page.



By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.



By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email address to see the name and ticker on the next page.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
Enter your email address to access all the details.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

The #1 Trade For 2023

Elon Musk is set to reveal his secret “Project X” that could revolutionize a $23 Trillion industry, and potentially be 1,000x bigger than EV’s. 
This Backdoor play could hand early investors a windfall of gains.
Enter your email address to receive this company’s name and ticker symbol for free.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Every Investor Should Have This $3 AI Stock On Their Radar

Enter your email address to get access to all the details.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Project An-E

Breakthrough A.I. Just Predicted What the Stock Prices of Tesla, Nvidia, and Apple Will Be 30 Days from Now…
Enter your email address for immediate access.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

#1 A.I. Stock Currently Trading For $3

Gain immediate access to this revolutionary $3 A.I. stock that is set to disrupt a $15 Trillion Market soar 75X.
Enter your email address to receive the name and ticker symbol for free.


By submitting your email address, you give Profitable Lifestyles permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)