0
Both Checking Accounts and Savings Accounts are basic types of bank accounts provided by banks to their customers. The difference is:
a. There are limitations on the number of trasactions that can be performed in a savings account on a per month basis whereas for checking accounts there are no limitations
b. The interest rate offered by banks on savings account is much higher than what is offered on checking accounts because banks offer almost no interest in them
Add your answer:
Earn +20 pts
Which has a higher interest rate checking or saving?
Savings account has a higher interest rate than a checking account
What makes a saving account a better investment than checking account?
A savings account earns interest.
What makes a checking account more convenient than a saving account?
You can spend your money without having to withdraw cash first.
Why does saving accounts make a better investment than a checking account?
Savings accounts earn interest.
Why is a checking account better than a savings account?
cause checking account is more safe
What is the purpose of high interest checking?
"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."
What is a business checks?
Business checks are just what they sound like, a checking account that banks offer for companys or business, they may have different fees, features and benefits than a personal checking account.
Why is a savings account better than a checking account?
A savings account may pay higher interest rate than a checking account. Also, you don't have bounced checks, and NSF fees, normally.
What makes a checking account useful compared to an ordinary savings account?
Well first of all a checking account is much better than a savings account and that is how it is better
Are there more fees in a checking account compared to a savings account?
Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.
Can I get a free online checking account from Wachovia?
Yes, you can get a free online checking account if you deposit more than 1000 dollars
What makes a savings account a better investment than a checking account?
A savings account earns interest.
Subjects
Math Science History Arts & Humanities Social Studies Engineering & Technology Business OtherTop Categories
Algebra Chemistry Biology World History English Language Arts Psychology Computer Science EconomicsProduct
Community Guidelines Honor Code Mobile App Answers+ Flashcard Maker Study Guides Math Solver FAQGet the Answers App
