checking

Checking Accounts

The Basics

Checking accounts are one of the fundamental products of the banking industry. They allow you to write checks against money in your account. Most, but not all, checking accounts pay you interest on deposited funds. The interest rate you receive usually depends on your account balance.


The Benefits

  • Checking accounts are FDIC-insured (up to $100,000 in aggregate per all customer accounts)
  • Checking accounts provide written proof that you paid a person or company
  • Checking accounts are cheaper than buying money orders or cashier's checks

What to Consider

  • Checking accounts often have minimum balance requirements
  • Checking accounts offer lower interest rates than money market accounts and CDs
CHECKING ACCOUNT RATES OPEN A CHECKING ACCOUNT