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what the average passbook interest rate is in the USA? I just checked my bank (Chase) and right now it's... 0.01%Not sure what the point is. Chase checking accounts pay for access to branches and other Chase products. If you want yield there are checking accounts that provide that. Though the correct move is to use currency correctly by using the transacting medium (cash and checking) separately from the store-of-value medium (money markets and Treasuries).
