What is Employment Law? Employment law governs the rights and duties between employers and workers. Also referred to as labor law, these rules are primarily designed to keep workers safe and make sure they are treated fairly, although laws are in place to protect employers interests as well. Employment laws are based on federal and state constitutions, legislation, administrative rules, and court opinions.
Savings accounts always accrue interest. The interest rate depends on the bank, the type of savings account (e.g., see Money Market vs Savings Account), and the amount deposited, but is always higher than the interest rate on checking accounts.As of August 2014, the highest interest rate on savings accounts (in the United States) is about 0.6%. savings account, as the name suggests, is used to save money for a longer period of time. The idea is to let that money accrue and not use it unless there is an emergency or until it is time to pay for college tuition or purchase a significant item, like a house or car.
The state's checking and savings account rates aren't as competitive, though, which is why Pennsylvania isn't one of the best states to grow your money. The average checking account rate of 0.46 percent ranks near the bottom in our study, and the average savings account rate of 0.19 percent ranks near the middle of states.