Interest-Bearing Accounts

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August 25, 2024 4 min read Definitions
Checking Accounts: Bank Deposit Accounts Offering Check-Writing Privileges
Finance Banking Banking Finance Demand Deposits M1 Money Supply Interest-Bearing Accounts
Checking Accounts are bank deposit accounts that allow the holder to write checks against the account balance. They are a primary type of demand deposit and part of the M1 money supply, often earning interest under specified conditions.
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