Brokerage firms now compete with commercial banks by offering high-yield combination savings and checking accounts.

Name: Brokerage firms now compete with commercial banks by offering high-yield combination savings and checking accounts.
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Brokerage firms have started offering high-yield combination savings and checking accounts to compete with commercial banks. These accounts typically offer higher interest rates and other benefits such as ATM fee reimbursements.

Brokerage Firms Now Compete with Commercial Banks by Offering High-Yield