However, with an interest-earning checking account, you always have access to withdraw, deposit and spend your money as you like. Often, in order to earn interest, you must put money in an account that may limit your ability to make withdrawals. An interest-bearing checking account provides the opportunity for the money in your checking to grow allowing you to meet your savings and spending goals at the same time. Here are five good reasons to consider opening an interest-bearing checking account today.Īn interest-bearing checking account can put your money to work, whether you have a savings account or not. But what about the money in your checking account? If you choose an interest-bearing checking account, that money could be earning interest, too.
The average savings plan allows you to set money aside and grows your funds each month through interest earned from your credit union. Saving money helps you create a bright financial future.
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