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:
“A mob cannot be a permanency: everybody’s interest requires that it should not exist, and only justice satisfies all.”
—Ralph Waldo Emerson (1803–1882)
“Authoritarian political ideologies have a vested interest in promoting fear, a sense of the imminence of takeover by aliens—and real diseases are useful material.”
—Susan Sontag (b. 1933)
“Parentage is a very important profession; but no test of fitness for it is ever imposed in the interest of children.”
—George Bernard Shaw (1856–1950)