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:
“It is the interest one takes in books that makes a library. And if a library have interest it is; if not, it isn’t.”
—Carolyn Wells (1862–1942)
“Wherever there is interest and power to do wrong, wrong will generally be done.”
—James Madison (1751–1836)
“There are persons who, when they cease to shock us, cease to interest us.”
—F.H. (Francis Herbert)