Citysecurefund Checkings Account

  • Personal Checkings /
  • Business Checkings

A checking account is where many people deposit their pay and keep their day-to-day spending money. Generally, a checking account comes with checks (hence the name) and a debit card, which you can use to spend the money that’s in your account.

Checking accounts have a monthly maintenance fee if you don’t meet certain requirements, such as maintaining a minimum balance or having a direct deposit into the account each month. Checking accounts also generally don’t offer a high interest rate on the money you keep in the account, although there are exceptions for online-only accounts and high-yield checking accounts.

For deposit accounts, the interest you earn will be displayed as an annual percentage yield (APY), which includes compounding (the interest you earn on interest). You can use the APY to calculate how much you could earn in interest each year and compare accounts.