The type of account that typically offers no interest is the checking account.
What is checking account?
The checking account is the another name of the transaction account. This type of account is also known as the deposit account that is held by some financial institutions.
This type of bank account permitted their customers to easily deposit and withdraw money for daily transactions. This type of account is not take any interesrt for their services.
Therefore, the checking account offers no interest to its customers.
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