What kinds of checking accounts have higher interest rates?
Author: Chuck Ivens
Website: http://www.ChecksInfo.com
Added: Sun, Jan 14, 2007 14:11:32
Category: Checks Questions
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There are different kinds of checking accounts. You should assess your needs and decide how you are going to use your checking account. Then you can choose the right type of checking account for your needs.
The different types include basic, free, interest-bearing, joint, express, lifeline, senior/student, and money market. You can usually collect a higher interest rate with a money market checking account. It is a combination savings and investment account, though you are usually required to maintain a high balance. This type of account pays much higher interest than a basic checking or savings account. If you don't write more than five checks a month, this is a good account for you.
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