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:
“They were evidently small men, all wind and quibbles, flinging out their chaffy grain to us with far less interest than a farm- wife feels as she scatters corn to her fowls.”
—D.H. (David Herbert)
“I should consider it a greater success to interest one wise and earnest soul, than a million unwise and frivolous.”
—Henry David Thoreau (1817–1862)
“It is the interest of the commercial world that wealth should be found everywhere.”
—Edmund Burke (1729–1797)