Most checking accounts offer 0% interest, and most standard savings accounts with large banks are often linked to checking accounts. Offer very low interest rates of 0.5% or even as low as 0.01% in some cases...

Instead of leaving your money in these accounts Consider leaving it in a high-yield savings account. Insured by the FDIC for up to $250,000 (and sometimes more through a network of banks), these accounts are usually fee-free. And up to 4% or up to 5%… gives an interest rate.

It's worth noting that big banks have made huge profits on people who have been putting thousands of dollars into low-interest checking and savings accounts for years.

And if that's not enough Some banks even dare to charge you for having a current account. It's basically making money from the money you already have.