bill paying account
most liquid account-most transactions per month
longer time commitment until maturity (6mo.to 2yrs)
fewer transfers and withdrawals (6 per month)
low deposits to open (less than $100)
earns interest
can use a debit card
larger deposits to open ($1,000+)
usually does not pay interest
can transfer money to checking for overdrafts
pays the most interest
charged a penalty if withdraw money early
