Americans Stockpiling More Money in Checking Accounts

Americans squirreled away more money in their checking accounts in 2013 than they did at any time in the past 25 years, suggesting that they remain spooked by the Great Recession, a new report shows.

The average consumer's checking account carried a balance of $4,436 last year, according to Moebs Services, a Lake Bluff, Illinois-based collector of bank data on services, pricing and expenses.