Checking Vs. Savings Account: Which Pays Higher Interest?

by Categorized: Banks Date:

Returns on savings accounts are now so pitiful that it’s now possible to find greater returns with checking accounts, according to data compiled by WalletHub in its January 2014 Banking Landscape Report.
The report found that personal interest-bearing checking accounts pay 106 percent to 504 percent higher rates than savings and money market accounts on balances up to $50,000.

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