interest-bearing account

“The general guideline is to have three to six months of your expenses set aside,” he says, adding that the money can be kept in an interest-bearing account so it continues to grow.

One large chunk of money has been sitting for months in an interest-bearing account at JPMorgan Chase, the world’s largest bank.

“I’ve been telling people to pretend they’re paying their student loan, but to put it into an interest-bearing account for now if you’re able,” she said.

The entire five-year sum is to be placed in escrow, upon signing of this contract, in an interest-bearing account under the control of a neutral party and disbursed quarterly.

You can always leave your money alone in an interest-bearing account and let time do its thing, but that doesn’t exactly make for exciting party conversations, does it?