Charles Schwab Corp. is going to be offering no-fee, interest-bearing checking accounts. I don’t know anything yet about minimum deposits. I expect it won’t be overly high, though, since Schwab said that high minimum deposits were a problem with other currently available ‘net checking accounts.
It’ll be linked to a brokerage account, too, which may help get people investing.
I’m thinking of opening one, since my landlord lets my rent check sit for weeks at a time, and I’m certainly not earning a dime on the $1000 or so that, as a result, is usually sitting in the account waiting on her.
Anyway, passing this along. :)
