If you’re on the ChexSystems list, it’s important to understand the differences between and features of savings and checking accounts. You’re probably shopping around for a better bank account, and this guide can be a big help. When it comes to finding a good place to put your money, you have lots of options. There are checking accounts, savings accounts, money market accounts and certificate of deposits (CDs). Each one offers different benefits, fits different needs, and has different rules and requirements. When you decide what’s right for you, there are a few things to consider.
– Some accounts can only be set up if you have a minimum deposit. If your account goes below that number, you’ll be charged extra or won’t receive interest.
– On the subject of interest, it’s important to pay attention to how much is paid, and how often you’ll get it. Compare rates in your local area to those from national financial institutions at http://www.bankrate.com.
– Find out about limits on withdrawals. Can you take out your money whenever you choose, or is there a penalty?
– Look for...
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