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Answered 2013-05-29 16:36:59

The primary reason interest checking accounts are hard to find is because of how they work. Interest checking accounts provide a mid to high interest rate on money in an account, along with the ability to write checks and transfer money. An interest checking account is a mix between an easily accessible account, which allows you to use checks and debit cards, and a high interest account, which usually doesn't allow the freedom to use checks.

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Interest rates for checking accounts can be obtained through individual banks and financial institutions. In many areas, the local newspaper will list current interest rates for each financial institutions weekly.


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


Financial interest is basically free money that accrues on your savings or checking accounts. In many ways, interest is almost a gift from the financial institution for using their products and services. Earning interest, however, does depend on the amount of money you have in your accounts. If your account is low, chances are you will earn little to no interest. If they are high, you can earn a substantial amount of interest per month.


If one is wanting more information about Interest Bearing Checking Accounts there are a number of financial sites that have good information available. One can find information on the Ally and Wells Fargo sites.



Financial institutions can offer an interest free credit card to sign up new accounts. The restrictions are quite severe including paying the balance in full each month. With one late or partial payment, interest reverts to the maximum limits.


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 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.


No. Checking accounts do not pay any interest. Since the money available in your checking account is liquid cash which is used for day to day purposes and can be withdrawn multiple times banks do not offer interest on cash maintained in a checking account.


UK financial institutions that offers a low interest balance transfer rate include ANZ, BankWest, and Citibank. Many of these financial institutions also offer interest free deals for a certain amount of time.


"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."


Financial institutions base their interest rates on fluctuation of today's market. If the market is doing well then interest rates are high. If the market is down, interest rates goes down along with it.


It is a message sent from financial institutions by computer to other financial institutions to request payment of interest and other fees.


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.


Any financial business that wants to stay in business will want to be competitive. I suggest obtaining the interest rates of several financial institutions and then choosing the one that most appeals to you.


Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.


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


Interest rates will vary depending on your personal circumstances. However, some financial institutions will offer their existing customers preferential rates, so if you have been with your bank for a long time it is worth checking this. Alternatively, some financial institutions offer discounted rates for new customers so it can be a good idea to check elsewhere.


If you need a bank account, you should consider opening a free checking account. Many banks and credit unions offer these kinds of accounts. Read this guide if you want to find out more about free checking accounts. You can save money by opening a free checking account. Typically, financial institutions require that people deposit a small amount of money in order to open an account. However, some financial institutions require that account holders keep a certain amount of money in the accounts in order to keep the accounts free. If your account requires a minimum balance and you do not keep that amount in the account, you will be charged a small fee for the month you fell below. However, some financial institutions do not require a minimum balance, so you should shop around until you find the best deal if you do not plan to keep a lot of money in your checking account. Free checking accounts usually come with many attractive feature like free ATM or debit cards, no charges for ACH transactions, no charges for direct deposit, free online access to the account, free online bill payment, free checks, overdraft plans, and unlimited check-writing each month. Many financial institutions offer low interest rates on checking accounts, so you should definitely shop around until you find a bank or credit union that offers decent rates. You can open a free checking account online with many banks and financial institutions. If you open the account online, you will have to make a deposit to the account online, in person, or by mail. Alternatively, you can drive to a bank or credit union to open a checking account. Visit banks and credit unions online and find out which companies offer free checking accounts before you visit them in person. You can save about $50-$80 a year if you take advantage of free checking accounts, so it is worth it.


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



There are several highly rated online checking accounts. Some of these include: Perkstreet Financial, Ally Interest, Capital One, USAA, and Mutual of Omaha Bank Online.


Certain checking accounts have interest rates because they require that the customer keep a minimum balance in the account each month. This money is used by the bank to make more money.


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.



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