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Checking Accounts are also called as Current Accounts. A checking account is one in which customers keep some money and use it for their day to day transactions. The money in this account does not earn any interest and is available for usage to the customer at all times.

So the interest you may earn is either less than 1% or even 0 in many cases.

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โˆ™ 2011-01-23 04:26:26
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Q: What is the current interst rate for a checking account?
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What is the standard interest rate on an interest bearing checking account at Chase bank?

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.

What is the current interst rate on savings accounts through Citibank Australia?

The interest rate for a savings account through Citibank Australia ranges from 0%-3.45%. Citibank Australia offers a multitude of different types of savings accounts all with different rates and fees.

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A savings account may pay higher interest rate than a checking account. Also, you don't have bounced checks, and NSF fees, normally.

Is the interest rate paid on savings accounts generally less than the rate paid on checking accounts?

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.

What is the rate of interst offered in various types of bank accounts?

savings bank account -4%p.a. both for senior as well as normal citizens

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A current account.

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First Robinson Savings Bank offers highest rate for opening a checking account and tax free products in Georgia.

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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.

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The main difference between a savings account and a checking account is that a savings account has an interest rate. A savings account is also mostly used for saving money, although, both accounts allow you to take money from them as you please.

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