Many finance experts would agree that generally your checking account is for everyday spending, your savings is for mid-range goals and emergency funds, and investments are for longer-term goals. That means an interest checking account may not be your preferred vehicle for maximizing interest on the bulk of your assets.
Still, there are reasons why an interest checking account could be a smart choice. Someone who has rental properties or a small business, for example, may need to maintain a high balance and have money coming in and out frequently. That average balance could earn a substantial dividend while still remaining accessible. Even people who keep only the money needed to pay the bills in their checking account are better off earning some interest than none at all.
Consider the Ally Bank Interest Checking Account. In addition to offering some of the most competitive interest rates available according to Bankrate.com, the Ally Bank Interest Checking Account includes a host of features to make account management easy and convenient. Learn more about how to make your checking account work for you by visiting Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, Member FDIC