Timeline for Why does my checking/savings account offer a higher interest rate than a standalone savings account?

9 events

when toggle format	what		by	license	comment
Jul 21, 2013 at 22:41	vote	accept	Yamikuronue
Jul 21, 2013 at 19:28	history	edited	John Bensin	CC BY-SA 3.0	list formatting
Jul 9, 2013 at 17:38	history	edited	John Bensin	CC BY-SA 3.0	added 10 characters in body
Jul 9, 2013 at 17:27	history	edited	John Bensin	CC BY-SA 3.0	added 10 characters in body
Jul 9, 2013 at 17:19	comment	added	John Bensin		@Yamikuronue I clarified it to mean you would keep more money in your checking/savings account than you would in a checking-only account. Also, I imagine that once you have more than $500K in cash, you start looking for other places to put it besides a savings account, so the number of people that earn the higher interest rate because of a balance that high in a savings-only account is probably comparatively small.
Jul 9, 2013 at 17:17	history	edited	John Bensin	CC BY-SA 3.0	added 46 characters in body
Jul 9, 2013 at 17:10	comment	added	Yamikuronue		I'm not sure about the second paragraph; the .14% is the highest tier of a scale based on minimum balance, whereas the rules for avoiding fees in my checking/savings are complex but pretty much sum up to needing far less in the account than the higher tier savings accounts require (like, two decimal places less).
Jul 9, 2013 at 16:54	history	edited	John Bensin	CC BY-SA 3.0	added 278 characters in body
Jul 9, 2013 at 16:48	history	answered	John Bensin	CC BY-SA 3.0