Interest
Unlike savings accounts, for which the primary reason for depositing money is to generate interest, the main function of a transactional account is transactional. Therefore, most providers either pay no interest or pay a low level of interest on credit balances.
Read more about this topic: Transactional Account
Famous quotes containing the word interest:
“... there is nothing more irritating to a feminist than the average “Woman’s Page” of a newspaper, with its out-dated assumption that all women have a common trade interest in the household arts, and a common leisure interest in clothes and the doings of “high society.” Women’s interests to-day are as wide as the world.”
—Crystal Eastman (1881–1928)
“I proclaim that might is right, justice, the interest of the stronger.”
—Plato (c. 427–347 B.C.)
“My interest in desperation lies only in that sometimes I find myself having become desperate. Very seldom do I start out that way. I can see of course that, in the abstract, thinking and all activity is rather desperate.”
—Willem De Kooning (b. 1904)