Consider things like rate of interest, restrictions, requirements and any limitations. Beware the introductory interest rates they are usually quite attractive but only last for so long, than they typically plummet to a rate that is not so attractive. Detailed overview on How to open a Bank Account Malta.
Signs of a Good Account
Good business interest bearing checking accounts all have the same similar qualities. The number one quality is flexibility. An account that is not flexible no matter how good the rate is usually not a great idea. In business flexibility is key. Another tip is to look for accounts that have easy to meet requirements and fewer restrictions. You do not want to commit to an account that restricts transactions to an amount that is simply not feasible and wind up paying money out instead of taking it in.
Business interest bearing checking accounts are a great way to earn some money for free. Usually these types of accounts offer free maintenance which means you do not have to pay for the account. This is a win-win situation for both the bank and the business. The bank of course benefits by keeping the deposits up and the business benefits by not only saving money but by earning money as well. You get all the benefits of a checking account that you would have to pay for without having to pay for it. Remember most of these type of accounts do require a minimum deposit which can range from one thousand dollars to five thousand dollars and there also is a minimum balance requirement as well which will also range from one thousand to five thousand dollars.