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2013-11-23 06:48:18
2013-11-23 06:48:18

Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.

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Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.


Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.


No, checking accounts typically do not pay any interest at all.


Savings accounts pay interest on the money in the account. Most checking accounts do not.


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.


Banks typically only offer a high interest return in a savings account, not a checking account. Some banks allow unlimited transfers between savings and checking accounts, so you could get a high interest savings account and transfer money as necessary to your checking account.



No. Checking accounts in general do not usually earn interest. Especially free ones, if you want to earn interest, you should check on different savings accounts and check with your bank.


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


"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."


The Royal Bank of Scotland offers the two main types of accounts commonly referred to- the checking account and savings account. They also offer high interest checking and saving, and joint checking and savings accounts.


Savings accounts are bank accounts that accumulate interest. You make deposits and withdraws at your bank and unlike checking accounts you cannot link a debit card or checks to the account. Most banks allow you to transfer money from your savings to your checking account and vice versa if you have both.


An excellent comparison site for business savings accounts is DepositAccounts.com. The website also provides evaluations of economic checking and cash market accounts.


Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.


Usually, most checking accounts don't pay interest at all or if they do, a very high minimum balance is needed. Usually when it is available, savings does have more interest paid, but not a significant amount more. Because checking accounts are made to be used, interest is often lower. Savings, and variations of it, tend to be higher because it is not touched...as often.


Benefits for interest savings accounts include having quick access to money in case of an emergency. Although, saving accounts don't make much interests now a days having money in a savings account making interest is better than a checking account not making any interest.


A savings bank is a bank that is dedicated to savings accounts. They don't have all the freedoms of a checking account, but pay higher interest rates.


Savings and Checking Accounts.


The highest yeild accounts are listed here http://www.bargaineering.com/articles/top-5-online-banks-savings-or-checking-accounts.html


Emigrant Direct claims to offer a high interest savings account, that they can directly link with your checking account at another bank. They don't personally offer checking accounts themselves.


You can find information for highest interest on savings accounts online at the Bankrate website. Once on the website, click on "Checking & Savings" in the top navigation menu and use the included tools on the page to find the best rates.


Any interest you earn will generally be taxable in the year that it is earned.


"As far as I can tell, second chance checking does not offer any savings accounts. They strictly provide checking accounts to individuals with less that perfect credit histories."


A checking account is typically used for the active transfer of money, whether this is money going in (as in a paycheck) or coming out (withdrawals, purchases). Meanwhile, Savings accounts are typically used for putting money in without necessarily withdrawing money out. Savings accounts pay you interest, while few checking accounts give anything at all- in fact, many checking accounts charge a monthly maintenance fee just to use them. Of course, withdrawals and transfers from a savings account are limited by law, while checking accounts have no restrictions on the number or types of transactions.


High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.



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