Fixed rate savings are available to new and existing customers of various financial institutions. Some of the financial institutions available are Barclays, BMA Savings and Nationwide, Their rates are comparable with one another but its best to shop around for the best rate available.
You have several banks to choose from for a good rate. I would use Bank of America.
Some good sparbcher (savings accounts) for saving money include online banks like Ally Bank, Marcus by Goldman Sachs, and Discover Bank. These banks offer competitive interest rates and no monthly fees, making them great options for growing your savings.
You will have to check with your specific bank to see if they offer high interest savings accounts but most major banks do. A high interest savings account can be a great way to invest your money. One advantage you have with a high interest savings account over a certificate of deposit is that your money is available at no penalty if you need to withdraw it.
A mutual savings and loan is the best place to have a savings account. There are plenty of good and reputable savings and loan banks out there. You can just look for them.
If you visit bankrate.com, you will find which bank account has the highest rate on a given day. Frequently, online banks (Ally Bank, ING Orange and the like) offer good rates on savings. That being said, your best bet for long term savings is frequently a Certificate of Deposit (CD) account. Of course, this assumes that a bank account is your preferred means of savings--other investments (stocks, bonds, real estate) offer much higher yields over the long term in exchange for additional risk. There are several good savings accoutn at many banks. The best rates can be had with a virtual savings account and a high deposit like www.Ally.com .
In the current economic situation, very few banks are giving a decent rate of interest on savings account, if any. A better option would be to invest in fixed deposits or municipal bonds or other govt. securities that are safe and give a good rate of interest. A list comparing the rates of different national banks is available at http://www.bargaineering.com/articles/top-5-online-banks-savings-or-checking-accounts.html.
Based on my research CitiBank does not offer high interest rate savings accounts. The highest they do offer is 1.01% APY. Citibank's rates are typically lower than that of other banks. That being said, their "Ultimate Savings Account", available through their website offers a 1.01% APY which is relatively good for a major-bank savings account. To learn more about bank rates, visit www.bankrate.com to comparison shop.
If you left your last bank in good standing most national banks such as Ally will offer the best interest rates. If your last bank was not left in good standing it will be much more difficult to get those same rates.
Yes it would; however, it's not the best savings alternative being interest rates are so low. A good family money management practice is to view all of your options. You can purchase savings bonds at treasurydirect. You can look into on-line savings accounts which offer higher interest rates than local banks.
There exists a multitude of banks in order to manage savings and investments. Some of the more popular banks that people choose to use include Bank of America, TD Bank, and TruChoice Federal Credit Union.
There's a vast pool of savings account options available at any given time, so research is an important step in figuring out what works best for you. Local banks are a good resource, as they can tailor their explanations to what is most relevant. Internet forums and Forbes articles are also good alternatives and supplementary sources that can provide useful information that banks may not offer.
You can get information on banks that offer overnight loans online at www.pacificadvance.com. Another good website is www.mycashnow.com/