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Why do banks charge fees on savings accounts?

Banks charge fees on savings accounts to cover the costs of maintaining the account and providing services, as well as to generate revenue for the bank.


Is there a monthly service charge to have an Eggs Savings account?

No, the Egg savings account called "Egg Savings Account (internet) Issue 2" does not have a monthly service charge. This type of savings account is accessible online.


Do many banks pay interest on the money you deposit into your savings account?

Yes, many banks pay interest on the money you deposit into your savings account.


What do banks pay to their savings account customer?

Interest


What banks pay to their savings account customers?

Interest


Are there any banks that offer a high yield savings account?

There are many banks that offer a high yield savings account. The best bank that offer the best high yield savings account is Charles Schwab investment bank. They have what is called the high yield investor savings account, where there are account minimums and no monthly fees.


How does one get an Abbey Savings Account?

You can get an Abbey savings account through banks such as Santander. You can also compare the savings you would receive from using an Abbey savings account online at websites such as Monevator.


Where can I find the best savings account?

Typically - you will not be able to find the "best" savings account, due to the fact that savings account do not generate a lot of income regardless. Your best bet would be to use the savings account with your bank, or try out a Certificate of Deposit.


Can I open a savings account online?

Yes, you can open a savings account online through many banks and financial institutions.


Can you open a savings account online?

Yes, you can open a savings account online through many banks and financial institutions.


How banks afford to pay interest on their customers' savings account deposits?

They loan out the money in their customers' accounts and charge a higher interest rate on the loans.


What bank offers the highest savings account rate?

There are many banks that offer a higher interest rate savings account. Some of the highest rates can be found at EverBank, Ally Bank, Capital One, Barclays, and CIT Bank.