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Have Banks Revised their Rate of Interest on Savings Accounts Already?
Anandvijayakumar
Yes. Not many banks have done it so far, but some of the Private Banks have done so already.
1. YES Bank - 6% for all Savings Accounts
2. Indus Ind Bank - 5.5% for Savings Accounts with balance of less than 1 Lakh and 6% for Savings Accounts with balance of greater than 1 Lakh
3. Kotak Mahindra Bank - 5.5% for Savings Accounts with balance of less than 1 Lakh and 6% for Savings Accounts with balance of greater than 1 Lakh
More Banks are expected to follow suit.
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∙ 12y ago
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What is the high interest savings accounts?
High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.
Where can one find the highest savings interest rates?
One can find the highest savings interest rates by going to the Savings Accounts website. The website has a list of the top 10 Savings Accounts that have high interest rates.
What exactly are high interest savings accounts?
It's exactly like low interest savings accounts except this time it's high. This way you can save more money in a high interest savings accounts. You have got to be high not to get this account.
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
What was the average savings interest rate 1993?
The average interest rate on savings accounts is 3.5 to 4%
What is the high interest savings accounts?
High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.
Who is the best provider of High Interest Rate Savings Accounts?
WaMu is the best provider of High Interest Rate Savings Accounts.
Where can one find the highest savings interest rates?
One can find the highest savings interest rates by going to the Savings Accounts website. The website has a list of the top 10 Savings Accounts that have high interest rates.
What exactly are high interest savings accounts?
It's exactly like low interest savings accounts except this time it's high. This way you can save more money in a high interest savings accounts. You have got to be high not to get this account.
Which bank provides the best interest on bank accounts?
There are several banks that offer high interest savings accounts. ING Direct has a good reputation for offering a high interest rate with excellent customer service. Ally National Bank and American Express also provide high interest rates on their savings accounts.
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
What was the average savings interest rate 1993?
The average interest rate on savings accounts is 3.5 to 4%
What kind of interest could I get on money market savings accounts now?
You can get below 0.1% of interest on money market savings accounts now. You can ge the rates at www.PersonalSavings.AmericanExpress.com or www.citibank.com/savings
How can you attain the best interest rates on savings?
There are many options for savings accounts which provide different interest rates. For traditional savings accounts, online banks typically yield the best rates.
What interest rates does Military Bank Online offer on their savings accounts?
There are many interest rates offered by Military Bank Online on their savings accounts. The interest rates that Military Bank Online offers on their service accounts are as low as 3%.
Which has a higher interest rate checking or saving?
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
Is there a significant difference on interest rates on savings account interest rates with Bank of America and Suntrust?
Bank of America and Suntrust offer very similar interest rates on savings accounts. For up to date information on savings accounts check bankrate.com
