The average interest for a checking account is 0.3%. One can check the following places for more information: My Bank Tracker, Market Place, Bank Rate, Go Banking Rates and many more.
Average Balance account
"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."
average return on a checking account is about 0.1
a type of checking account that also earns intrest
The standard interest rate on an interest bearing checking account at a Chase bank is 0.01%. They have a variety of checking accounts with the same interest rate or less.
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.
The only tax you would pay on money in a checking account is any interest the money made if it is a interest type of account.
No. If your checking account in non interest bearing, then the you will have no interest to report on your income tax return and therefore no tax to pay.
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
No, only their savings account accrues interest.
Bank of America offers a high yield checking account. They call the account an advantage with tiered interest checking account. The idea behind the account is to leave a lot of money in there for it to gain interest.
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.