Here's how much money you should keep in a checking account

You most likely have a checking account, but do you know how much to keep in it? There are downsides to keeping either too little or too much money in checking, experts say.

While keeping too little cash in a checking account and getting dinged with overdraft fees is undesirable, Americans with too much money in such a low-yield repository could be leaving valuable interest on the table.

One of the upsides of the Federal Reserve's raising interest rates to their highest levels since 2008 is that individuals are seeing greater gains on money they save — that is, if they store those dollars in the right place.