Interest bearing accounts refer to a type of account that pays interest on the balance held in the account. Other words commonly used to describe this type of account include savings accounts, deposit accounts, and dividend accounts. These accounts can be found at banks, credit unions and other financial institutions. They typically offer a lower interest rate than other types of investments, such as stocks or mutual funds, but provide more stability and security. Some variations of interest-bearing accounts include high-yield savings accounts, money market accounts, and certificates of deposit. Regardless of the type of interest-bearing account you choose, it can be an important tool in building a solid financial foundation.