A checking account is an account held at a bank or credit union from which checks can be written against the principal. A checking account typically pays a lower interest rate than any other type of cash account, and may even charge fees.
Related Fool Articles
Recent Mentions on Fool.com
- Better Money Management in 5 Easy-to-Follow Steps
- The Principal 401(k) Strategy Every Saver Should Follow
- The Famous 4% Rule Can Doom Your Retirement
- What Kind of Investment Accounts Earn Compound Interest?
- Turnaround Efforts at Sierra Wireless Inc. Yielding Mixed Results
- Wire Transfer vs. Direct Deposit: What?s the Difference?