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

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

Higher interest rates

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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.