if a man opens a bank account and keeps a certain sum at certain rate of interest he will get back money with interest when he with draws money, a bank account represent only the investment element.
interest charged to bank accounts
bank account debit and interest payable credit
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
if your investment is in a bank go on line to the bank website and look for investments and if you have a account all you need to do is put the # or code in....... try it, it might work
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest
Yes. The interest earned by the bank is revenue to the bank and the interest paid by the bank to its deposit customers is revenue for the customer. Either ways it is considered an income or revenue. And, the person earning this revenue is liable to pay taxes for it.
The interest a bank will pay on a savings account will differ from country to country. For Ex: the Rate of interest on a savings account in India is 3.5% whereas the interest on savings accounts in USA are around 1%. You need to check with the exact bank about the prevailing interest rate on savings accounts.
If you have an account in the bank then you generally wil receive interest for any money you have that is in the account. That is what is sent from a bank regularly.
The standard interest rate on an interest bearing checking account at a Chase bank is 0.01%. They have a variety of checking accounts with the same interest rate or less.
A current account.