High Yield Savings Account – Investment Opportunities in Local Community Banks

There are many investment opportunities in local community banks if you’re looking for a high yield savings account or a high-yield checking account. By doing your research online you will likely find that there are many local banks that can help you get an interest rate above 4% on your savings.


It is important to understand that you must be a resident of a specific area to have an opportunity to apply for one of these high interest checking accounts. This is why it would be smart to start your research in your area before expanding to banks that are not within driving distance.

There are a few restrictions when it comes to getting a high yield on your checking account. You will likely have to use an ATM or debit card at least 10 times a month and you will have to have one electronic transfer into the account. If you can do this then you will receive an interest rate above 4% on many high-yield checking accounts.

It is also important to note that you can usually only put up to $25,000 into the account that will receive the high yield. Anything above this will receive a yield much lower. Even if you have more money to invest it still might be wise to think about a local community bank.

Author: Jeremy North