GOING AFTER 'LAZY MONEY' WITH 4.25% CHECKING
When Charles Schwab Corp. unveiled its new high-yield checking account Thursday, the most startling feature was its yield: 4.25 percent. With the average interest-checking account now yielding only 2 percent, you wouldn't think Schwab would have to double that to make a splash.
Ref. https://money.cnn.com/2007/04/26/pf/schwab_...rtune/index.htm