A checking account is a basic financial tool that allows users to safely make purchases, pay bills, withdraw cash and deposit funds. But maintaining one can be expensive: In 2024, Americans paid ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

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Chris Davis is a Managing Editor on the Investing team. As a writer, he covered the stock market, investing strategies and investment accounts, and as a spokesperson, he appeared on NBC Bay Area and ...