Quote:
Originally Posted by wdfifteen
High Yield savings are a different animal. I don’t know how they operate because they have even fewer restrictions on the number of transactions per month than traditional accounts.
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I got curious about this and did some research. Apparently NO bank has been required to limit withdrawals to 6 per month since April 2020. The rule (“regulation D”) is still in place but can be ignored at the bank’s discretion. Some banks, including my local bank, continue to enforce the rule.
Just something else to be aware of when choosing your bank.