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BB&T gives you .10% over $1,300 & under $10K, Over $10K you get .25%. Every other bank I've called gives you 0.05% or less.
Keep in mind BB&T is only on the east-coast.
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∙ 12y ago
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What is a bank interest?
An interest is where the bank gives you their money for joining them. The more money you put in the bigger interest is given to you!
Which bank gives 10 percent interest on term deposits?
I assume you are referring to which bank in India gives 10% interest. The answer for that is None. In most cases, banks offer an interest of around 8 to 9% per year with an additional 0.5% for senior citizens. Given the current economic scenario outside, I don't think any bank is offering 10% rate of interest. But, you can check websites of the banks to see if any of them is offering 10% just to be doubly sure.
How does a bank make most of its profit on its business?
By paying out less in interest on deposits than it earns in interest on loans
How does a bank make most of its profits on its business?
By paying out less in interest on deposits than it earns in interest on loans
What is bank account interest?
interest charged to bank accounts
What is a bank interest?
An interest is where the bank gives you their money for joining them. The more money you put in the bigger interest is given to you!
Which bank gives 10 percent interest on term deposits?
I assume you are referring to which bank in India gives 10% interest. The answer for that is None. In most cases, banks offer an interest of around 8 to 9% per year with an additional 0.5% for senior citizens. Given the current economic scenario outside, I don't think any bank is offering 10% rate of interest. But, you can check websites of the banks to see if any of them is offering 10% just to be doubly sure.
What is the use of interest in a bank?
The use of interest in a bank is to attract you to invest in them over other competition. If you are looking for a bank, try the one with the most interest as you will get more money out of that particular branch.
How do banks earn money from lending money to their customers?
The customer pays the bank interest on the loan. The bank pays some of this interest to its depositors. The difference between incoming interest and outgoing interest (minus operating costs) is the bank's profit. With most loans charging more than 10% interest and most deposit accounts paying less than 0.5% interest, the bank can make loads of profit!
How do banks earn profit from lending money to their customers?
The customer pays the bank interest on the loan. The bank pays some of this interest to its depositors. The difference between incoming interest and outgoing interest (minus operating costs) is the bank's profit. With most loans charging more than 10% interest and most deposit accounts paying less than 0.5% interest, the bank can make loads of profit!
What online bank gives the best money market interest return?
Ally bank has some of the best money market interest return rates. Also, consider checking out their CDs. Ally's CDs also have competitive interest rates.
Most of the bank income comes from charged on loans?
interest
What online bank gives the best interest rates for CDs?
Peoples United Bank offers good rates on CD accounts. You can visit www.peoples.com
What do you like most in the bank?
The money it gives us
What was one thing the farmer's alliance worked for?
Lower interest on bank What_was_one_thing_the_farmers_alliance_worked_for- Novanet sucks!
How does a bank make most of its profit on its business?
By paying out less in interest on deposits than it earns in interest on loans
How does a bank make most of its profits on its business?
By paying out less in interest on deposits than it earns in interest on loans
