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How do you know if your bank has high interest savings account?
Wiki User
∙ 12y ago
If your bank has a savings account with a high APY interest and daily compounded interest, which will give you maximum earnings, with no minimum balance required and no monthly fees, if the account is also FDIC insured to the maximum allowed by law to maximize your coverage, if the actual variable rate will go into effect when you make the opening deposit, and the account allows a high number of transactions per statement cycle with no fees, then you can rest assured your bank does, indeed, have high interest savings accounts.
Wiki User
∙ 12y ago
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What is considered to be a high interest savings account rate?
High interest savings account rates vary, depending upon the bank a person selects. A higher interest savings account rate could be anywhere from 0.75% to 1.00%.
What type of interest rate can you expect from a high yield savings account?
Interest rates vary depending on the bank the savings account is in. For a high yield savings account, interest rates can be from 0.95-3.0% annual percentage yield.
What companies offer the best high interest savings account?
Several companies offer high interest savings account. The companies that offer the highest include Ally Bank, American Express Bank, and Sallie Mae Bank.
Does my bank offer a high interest savings account, and is it a good way to save my money?
You will have to check with your specific bank to see if they offer high interest savings accounts but most major banks do. A high interest savings account can be a great way to invest your money. One advantage you have with a high interest savings account over a certificate of deposit is that your money is available at no penalty if you need to withdraw it.
Where can one access information on locating a high interest savings account?
Information about high interest savings accounts can be accessed on review websites, such as NerdWallet, and on bank websites, such as TD Bank and Bank of America.
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.
What are the best high interest savings account rates?
The best high interest savings account rates include Nationwide Bank, with a 1.04% rate, Ally Bank with a 1.03% rate, and American Express, with a 1.00% rate as well.
What are the interest rates for a savings account from Chase bank?
Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.
Does U.S. Bank offer any high yield savings accounts?
U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.
Where can you find a high interest savings account?
A few places that offer high interest savings accounts are American Express, Ally Bank, Regions Bank, Citi Bank, Discover Bank, and Trust Bank. Most require a minimum balance to be eligible.
What is the best savings account offered by online banks?
The "best" is subjective and will depend on the features that you are looking for in a bank. Personally, First Command Bank is an awesome bank with a high interest money market savings account. American Express Bank currently has a 1.3% interest rate for their savings accounts.
How does one go about finding a high interest savings account?
For one to find a high interest savings account, check with local banks. Every bank has different interest rates find one that best suits the customer and set up a account.
