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[Money Monday] Why you should open a joint bank account with your partner

April 30, 2018 at 01:06 pm | Money Moves

Mildred Europa Taylor

Mildred Europa Taylor | Associate Editor

April 30, 2018 at 01:06 pm | Money Moves

Some accounts offer higher interest rates when there is more money in an account

Higher interest rates

Some accounts offer higher interest rates when there is more money in an account. Having combined savings with your partner would enable you to enjoy this benefit. You will be able to meet minimum requirements and saving towards a shared goal such as a weekend treat or vacation, down payment for a home, children’s tuition or retirement would be relatively easier than having a separate account.

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