Did you know? Recently there has been a commercial for the bank down the street which is offering a free bank account! It sounds like a great idea but before you go sign up for that account and start banking with any specific bank you should know that bank accounts are not one size fits all.
When you understand the different types of bank accounts you can actually make your money work for you in the best possible way.
Different Types of Bank Accounts
Usually the accounts that you see offered on commercials are the checking accounts. These are the most common type of bank account as they allow you to withdraw money from your account by writing checks and with a debit card.
For people who need to have access to their money without having to jump through hoops or wait for a check to be cut, etc, these accounts serve as a great option. Some checking accounts pay interest, allowing you to take advantage of average daily balances, but most typical checking accounts, also known as a demand deposit account, will not pay interest.
Money market accounts offer interest on the accounts as well as allows you to write checks on it. A money market account...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
