Honestly, if I ever have that much in my checking account, then I won’t have that much in my checking account, because I would move at least 10k into savings or something with higher-yield and less liquidity.
There are Money Market and similar accounts which act like checking accounts but have interest rates like high yield savings accounts. They typically have a minimum balance of like $5k or more so if you have a large sum of money flowing through the account each month you can still get the yields but an unexpected pileup of bills out of order doesn’t cause declined transactions
Honestly, if I ever have that much in my checking account, then I won’t have that much in my checking account, because I would move at least 10k into savings or something with higher-yield and less liquidity.
There are Money Market and similar accounts which act like checking accounts but have interest rates like high yield savings accounts. They typically have a minimum balance of like $5k or more so if you have a large sum of money flowing through the account each month you can still get the yields but an unexpected pileup of bills out of order doesn’t cause declined transactions