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What are the liability products in banking?
Current Accounts, savings accounts, Demand drafts and cash deposits are all liability products offered by banks to its customers.
Where can one find more information on the best current interests rates on savings accounts?
A person can find the best current interest rates on savings accounts by visiting branch offices of local banks in their area and comparing interest rates.
What banks have passbook savings accounts?
TDBank has them
What are the top accounts of Cahoot Savings?
The Cahoot Savings bank does not do savings accounts anymore. You can choose from many other banks and institutions that offer a great select of savings accounts.
Why do banks pay little or no interest on current accounts?
Because - the purpose of a current account - is to have cash 'on-demand'. Current accounts are intended for everyday use (bills, credit card payments, shopping etc). Deposit accounts are intended as short or long-term savings - with money expected to be left in the account for at least a short while. Banks reward deposit accounts because they are intended as a savings tool, rather than a ready source of cash.
What banks offer a mortgage savings account?
Most large banks today offer mortgage savings accounts. HomeBuyer is one such bank. Other banks, such as Bank of America, Chase, and CitiBank offer mortgage savings accounts too.
Do online savings accounts work as in bank savings accounts?
Yes, online savings accounts do work the same as brick and mortar banks. In fact you may find that some online banks pay higher interest rates and are more convient.
What banks offer online savings accounts with high interest payouts?
There are several banks that offer online savings accounts with high interest payouts. The best banks to use for this are Suntrust and America's First Bank.
Can I open a savings account if I have a judgment against me?
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
What online banks have high interests savings accounts?
You can get a list of them here www.moneybluebook.com/the-best-online-high-yield-savings-accounts/
What types of savings accounts does HSBC offer?
HSBC savings accounts are competitive with savings accounts at other banks. HSBC offers other services such as retirement planning, CDs, checking accounts and credit cards.
Have Banks Revised their Rate of Interest on Savings Accounts Already?
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.
