It depends on the type of account you hold with the bank. Ex:
Savings account: 3-4%
Current account: 0%
Fixed or Time Deposits: 7-9%
You didn't tell us what the interest rate at your bank is, so we can't determine that answer.
Depends on the interest rate, how often interest is being compounded, and the length of time that the investment is left in the bank.
A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.
No. While opening the deposit, the bank would give us a certificate which would contain the details of the date of maturity, the rate of interest and maturity value. The bank is entitled to pay us the exact amount mentioned in the certificate even if the prevailing rate of interest is different.
100
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
Savings accounts are the simplest of bank accounts that one can open. They provide us with very high levels of liquidity. Any day any time (when the bank is open), you have the rights to withdraw your money. Because of this, the interest offered by such accounts is very meager. Most banks offer us a rate of interest of around 3.5% to 4% per year.
Bank savings interest rates in the UK are pretty much the same as they are in the US. Different banks offer different interest rates, ranging from 4% to 12%.
A Wachovia student loan consolidation interest rate is is 6.75%. This rate is the base rate set be the US Government sallie mae loans plus wachovias take.
A 1% annual percentage yield is likely to be the best interest rate for an online savings account. Barclays, who launched an online bank for customers in the US in May of 2012, has a 1% rate.
It is normally higher than the US prime interest rate.
its actually the other way around. the value of the us dollar effects interest rates. the lower the us dollar is worth, the lower the interest rate