Fixed deposits for 3-5 years, UCO, Oriental, etc
Bank of America offers very high interest savings in NY.
Everbank has a very high interest rate right now.
Rated best bank by Money Magazine 2012, Ally bank offers the highest savings interest rate. The interest rate starts at .84% and has no minimum balance or monthly fees.
There is a very high interest rate on HSBC bank offer on certificates of deposit. This is because the bank could make more money for itself through collected interest 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.
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.
Some banks that offer the highest interest CDs are CiT Bank, Ally Bank, and Nationwide Bank. The longer the term of the CD, the higher the interest rate.
Different banks will offer different interest rates. Some banks that offer high interest rates include Ally Bank and Capital One which has an interest rate of 0.84% and 0.75%.
One can find highest interest rate savings accounts in the following; United Bank UK has 2% rate interest, Bank of Baroda has 1.90% fixed interest, and Barclays has 1.30% and .50% bonus for 12 months which is variable.
A Bank interest rate may refer to two things with respect to banking functions. a. Deposit Interest Rate - This is the rate the banks offer to their customers for depositing money with the bank b. Loan Interest Rate - This is the rate of interest banks charge the customers who wish to borrow money from them through loans. Both rates will differ from bank to bank
A bank rate is the rate at which a central bank charges interest when it lends money to another bank.
The current bank rate is one factor to how much interest you will pay on your mortgage. If the rate is very high, your interest will also higher, limiting how much you can take out in a mortgage and what house you can buy.