Bank Of America | Keep The Change | Checking Account

Bank Of America

This checking account doesn’t pay interest however it begs to be mentioned amongst the best checking accounts.

This account is best suited for those that rely heavily on their debit card to make everyday purchases. It’s also suited for those that can’t take advantage of higher interest rates from other banks but still want to be able to put money aside.

One of the most common complaints we’ve received is that these small interest payments at the end of the month don’t just add up. In this case, with every purchase that is made – the change is transferred over to your savings account. This in effect, can be one of the most efficient and effective way of saving money.

The account will hit you with fees if your money isn’t managed well and you occasionally overdraw.  In that case, any savings accumulated will take a large toll if any mistakes are made.

However, the idea is simple and can translate to a higher dollar amount in your savings that other accounts have to offer.

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