Savings Account Returns

One of the non-risky ways to earn extra money by saving is maintaining interest bearing checking accounts that generate interest income on your account’s available balance. The balance requirements are typically higher for these types of checking accounts, and there are usually charged fees when your account balance plunges below the minimum required balance. Normally the rate of interest earned is much lesser than the CDs or Certificates of Deposit and even lower than the regular savings account rates. This is because of the checking account’s liquidity. Keep in mind that the more liquid an investment is, the lesser its rate of return.