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 are persons who, when they cease to shock us, cease to interest us.”
—F.H. (Francis Herbert)
“Treading the soil of the moon, palpating its pebbles, tasting the panic and splendor of the event, feeling in the pit of one’s stomach the separation from terra ... these form the most romantic sensation an explorer has ever known ... this is the only thing I can say about the matter. The utilitarian results do not interest me.”
—Vladimir Nabokov (1899–1977)
“The heights of popularity and patriotism are still the beaten road to power and tyranny; flattery to treachery; standing armies to arbitrary government; and the glory of God to the temporal interest of the clergy.”
—David Hume (1711–1776)