What are the requirements for a high-yield savings account?
Commonly, you have to meet at least four requirements in order to receive a high yield savings account. Make a sufficiently large enough initial deposit, keep a high balance over time, limit transactions in and out of the account, and have other banking relationships along with the high-yield account. Most banks will ask that you have a checking account with them so that it is easier for you to transfer and affectively change anything as a “total” banking customer with them. Banks have followed a credo that implies high yield savings accounts “only” to valued customers.
