Interest Bearing Checking Account – Money Advice from the Money Guys at oXYGen Financial
Find an interest bearing checking account. The banking world has become an increasingly competitive market place. Most businesses or individuals have an established checking account, but often people do not check whether they are earning interest in their checking account. You can get these checking accounts on-line, a brand name bank, a local bank, or a credit union type institution. If you had a bank account that had $10,000 in the account an had a current account that was earning .5%, what would happen if you could find an account earning 2%. This would earn you an additional $150 per year. If you save that $150 per year in an account that hypothetically earned 3% rate of return over 25 years, you could have an additional $5,589 in an account at retirement. Past performance is no guarantee of future results. All returns are for illustrative purposes and not indicative of any particular investment. Investment value will fluctuate with market conditions. Just another breathe easier® tip from your money guys at oXYGen Financial, Inc., 11680 Great Oaks Way, Suite 175, Alpharetta, GA 30022 – Call us for a complimentary consultation at 800-355-9318.
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