Assertion: checking account | /r/CapableOf | pay interest
Facets:
Source sentences:
text: Why Checking Accounts Couldn’t Pay Interest
text: Most checking accounts don’t pay any interest.
text: Compare the interest rates associated with some checking accounts that pay interest.
text: Although you may not collect much, some checking accounts do pay interest.
text: But you can find checking accounts that pay interest if you shop around.
text: Even if your checking account pays interest, the interest rate that it pays is not as high as some alternatives that could be used.
text: Like savings accounts, they then to offer higher interest rates than checking accounts do (if the checking account you choose pays interest at all).
text: In the 1970s, the CEO and president of Consumer Savings Bank in Worcester, Massachusetts, led the charge for banks to be able to offer checking accounts that paid interest.
text: In exchange for this flexibility, checking accounts tend to pay low interest rates (if they pay interest at all) compared to savings accounts, certificates of deposit (CDs) and other accounts that allow you to grow your money.﻿﻿ As such, it’s a good idea to use your checking account only for money you’ll want to access for ordinary purchases and your monthly bills.