ADVERTISEMENT

What is a Checking Account? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

A checking account is a highly liquid, transactional account held at a financial institution that allows you to make withdrawals and deposits on demand. Because of the high liquidity, checking accounts generally pay a very low rate of interest, if any.  

 

See Also: 

Your DIY Financial Planning Guide

Ask An Advisor: Help! I'm Running Out of Money

How I Ditched My Debt For Good

A Guide to Establishing Separate Bank Accounts 

A Budgeting Solution to Keep You Sane

Earn More in Your Bank Account

It's Not Personal, It's Business--at Least, When It Comes to Finances

Tagged in: Sponsored, Glossary

© Copyright DailyWorth 2014