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the minimum balance witin the month times times pevailing interest rate multiplied by month and divide by 12
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∙ 12y ago
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Best saving account interest rates?
saving account interest rate is now 4% that is best
Calculate the simple interest you would receive in five years on a saving account that earns 7.5 annual interest Your beginning balance is 1236.59?
The simple interest over a period of five years is $463.70
How do you calculate how much interest rate should be given for 6 month saving deposit?
I calculate the interest rate should be given for 4 month saving deposit
Is interest applied to the saving account?
Yes, most savings accounts pay interest.
What usually carries the highest interest rates?
saving account
What do banks pay to people with a saving account?
bank pays bonus and interest on saving accounts
What makes a saving account a better investment than checking account?
A savings account earns interest.
Interest on saving account and current?
Interest on Savings acc = 3 - 4% Interest on current acc = 0%
Is the interest on current account higher than that of the saving account?
Of course not,current account does not have any interest,due to the withdrawal of the money for business at any time.
What is the primary factor that will affect how much is earned in a saving account?
The interest rate.
Can you save money with a high interest savings account?
Yes, a high interest account is a very desirable savings account because you will gain a decent amount of interest on your money. You will gain much more money if you get compound interest by saving more money into the account monthly.
What savings accounts have the best rates according to Money Saving Expert?
The saving accounts that have the best interest rates according to Money Saving Expert is a Sandantar account which has a astonishing 3% annual interest rate.
