One can find the best interest rates on savings accounts for kids from the Money Super Market website. One can also find it from websites like Money, Money Saving Experts, Money Smart and many more.
Some banks which offer savings accounts for kids include Bank Of Montreal, ScotiaBank and TD. All of them have good starter programs to help kids learn about money and the benefits of savings and interest.
Go with your local bank firm or the one you/your parents use. Ask them if they let children have savings accounts. Several banks let you open up an account for your children no matter their age.
All banks do that. All banks have facilities where kids can open bank accounts. However, they will require an adult to be a joint holder or guardian for the account until the kid turns 18. The kid can visit the bank branch themselves to deposit any cash they want (you can even deposit $5 or $10 into a kids savings account). Actually banks these days are encouraging kids to have their own bank account in order to educate them about money and how to save for a better future.
You have two options. One of the best and most legitimate banks in the nation is Ally bank. Check Ally.com to get some great rates. Also, you can grow interest relatively tax free with a 529 plan.
TD Canada Trust has the highest youth interest rates. It is a well known company with many branches across Canada.
Investing in a savings account for a child has the advantage of a long duration of time to build up profit. The highest interest rate savings accounts are offered by Ally Bank and Forbes.
Bank of America offers very high interest savings in NY.
Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.
There are many interest rates offered by Military Bank Online on their savings accounts. The interest rates that Military Bank Online offers on their service accounts are as low as 3%.
Some of the fifty highest money market rates and high interest savings accounts can be found at many banks. For instance, PNC offers high interest saving accounts.
www.money-rates.com/savings.htm offers the top interest rates listed
Currently, Sainsbury Bank offers three types of savings accounts with different interest rates for each.J&RFirst is Online Saver with 2.85% interest rate.J&RNext, Easy Saver has 2.60% interest. J&RLastly, Fixed Rate Saver offers rates from 3.35% to 4.10%
"Yes, Midfirst Bank offers several business and personal savings accounts at varying rates. The Titanium Money Market Savings account, for example, has an interest rate of up to 0.0548%."
Bankwest offers several types of saving accounts, none are called traditional. The savings accounts that are offered currently range from 4.8% to .75% depending of the product that is selected.
Interest rates change daily among banks on savings accounts. To get the most current rates check bankrate.com Currently, the best rates for online savings accounts are through EverBank. They are offers 1.51% and also a 2.25% bonus for the first 3 months. Discover Bank is 2nd with 1.35% interest rate.
RBC Bank offers the best rates on regular saving accounts like an interest rate of 1.100% when you apply for RBC high interest savings. If you apply for the RBC US high Interest savings you only get an interest rate of only 0.250%.
Some of the best interest rates for savings accounts can be found online by comparing various interest rates from savings accounts that suit ones needs. Some of the accounts with higher interest rates in the U.S are Ever Bank, Ally and Barclays.
Deposit money to save and gain interest on. Opening various savings accounts such as the IRA or 401k