Interest-bearing accounts you can earn interest on your money through

interest-bearing accounts. If you put money into a high yield account or an

interest-bearing checking account, the bank utilizes it either to make
investments or to provide loans to other bank customers. You receive a
percentage of that income as an interest payment. interest-bearing accounts
provide a great alternative to saving money because saving account is limited
to six transactions each month.

If you keep your deposits in an interest-bearing checking account instead, you

will have unlimited access to your funds. That means that you can spend and
save in one account.

 Not all interest-bearing checking accounts are created equal. We have

to make sure that we compare rates on all interest-bearing checking accounts,
which can usually be found on personal finance websites like WiseBread.com,
TheMilitaryWallet.com. ...BankingSense.com. ...CashMoneyLife.com. 
This will allow us to know if there are any monthly maintenance fees,
minimum balance requirements or other fees tied to your earnings.
Savings accounts

Savings accounts are super basic, day-to-day accounts that most banks offer. Most
banks allow you to link your savings account to your checking account to move money
back and forth. The money is typically easy to access, which makes it a good place to
keep your emergency fund. At the same time, if you struggle to save and the money is
too easy to access, you might want to either set up a savings account at a different
bank or explore other account options below. The downside is that, plain old savings
accounts often pay customers very low interest rates. But if convenience is your biggest
priority, a savings account may be the right choice.

Passbook
If you want the recordkeeping convenience of a passbook, this savings account earns
interest on your funds while allowing you to monitor your transactions.
Non-Interest-Bearing Accounts

The basic checking account is one of the most popular non-interest accounts. This is
generally utilized by an individual who wants the account just for purposes of the
transaction. Although the terms for these accounts vary greatly, they are largely
inexpensive in terms and tend to be limited. A minimum balance may be maintained, a
monthly fee may be paid or a limited number of checks can be drafted per month before
a tax is imposed.

Some non-interest accounts are mostly used via computers, telephones and automatic
tellers. While this might be a convenient and accessible form of account, a fee may
apply. This typically provides a good solution for clients who seldom go to an actual
bank.