posted November 15, 2022 in Banking Tips
Most checking accounts that you let your money sit in aren't earning you any interest. This is because, most often, checking accounts are used as a place to keep cash that you plan to spend soon. Even if your credit union is paying you interest on your deposits, it's likely very minimal. Savings accounts have traditionally been better-known for earning interest, however there is a type of checking account – referred to as high-yield checking account – that earns interest.