As of March 21, 2011 0.01 - 0.04% APY depending on account type.
Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.
You could get the calculation of your interest rate in your savings account online. They have calculators online that can help you find your interest rate.
The interest on $500,000 in savings depends on the interest rate offered by the savings account. For example, if the account has an annual interest rate of 1%, the interest earned in one year would be $5,000. At a higher interest rate, such as 3%, the annual interest would be $15,000. It's important to check the specific terms of the savings account for accurate calculations.
High interest savings account rates vary, depending upon the bank a person selects. A higher interest savings account rate could be anywhere from 0.75% to 1.00%.
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.
average savings account rate in 1995?
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
The interest on a savings account is calculated by multiplying the account balance by the interest rate and the time the money is held in the account. This calculation is typically done on a monthly or annual basis.
The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well.
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
2.15% Apex
Interest rates vary depending on the bank the savings account is in. For a high yield savings account, interest rates can be from 0.95-3.0% annual percentage yield.