The Fine Print

The average U.S. money market account earns an average yield of 0.33%. Such puny rates are encouraging some intrepid souls to venture into higher-yield savings and checking accounts. But these deals come with strings attached and a variety of risks


Depositors may have to live in a bank's home state

Direct Deposit

May require at least one paycheck be deposited automatically every month

Online Banking

Forgoing paper statements is often required

Debit Cards

You may need to make 10 purchases with a debit card every month

    Before it's here, it's on the Bloomberg Terminal.