E*Trade Financial announced the launch of a "
high-
yield checking account",
E*Trade Max-Rate Checking Account. The account starts with an APY (
annual percetage yield) of 3.
25%, and includes unlimited check writing, ATM fee refunds, online bill pay, and a Visa debit card. "
Consumers want a high yield on their transactional cash but not at the expense of functionality," says MD
Michael Curcio.