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What is required to open a high yield savings account with a bank?
Wiki User
∙ 11y ago
Banks may require a deposit of $1 to $100 to start a high yield savings account. At this time many banks are offering high yield savings accounts with fees and no minimum balance after the deposit.
Wiki User
∙ 11y ago
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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.
What type of interest rate can you expect from a high yield savings account?
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.
What was the average savings account yield from 2008 - 2011?
The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.
Where could one find a savings account with a high yield?
A local credit union would probably have the highest yields on savings accounts. Otherwise, Ally Bank, Sallie Mae Bank, and Capital One offer high yield savings accounts.
What are the requirements for a high yield saving account?
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
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.
What type of interest rate can you expect from a high yield savings account?
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.
Does U.S. Bank offer any high yield savings accounts?
U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.
What was the average savings account yield from 2008 - 2011?
The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.
How do I open a savings account?
You should go to the bank where they have tellers and financial planners who know how to give you the best deals in opening a savings account that will yield high interests.
Where could one find a savings account with a high yield?
A local credit union would probably have the highest yields on savings accounts. Otherwise, Ally Bank, Sallie Mae Bank, and Capital One offer high yield savings accounts.
What are the current savings accounts rates for National City Bank?
The current savings accounts rates for National City Bank depend on how long you commit to the account. A 60 month saving account can yield as high as 1.8%.
How much money required to open a savings account in indusind bank?
100000
What high interest accounts does TD Bank offer?
TD bank offers a great high yield savings account. With the economy beginning to recover the interest rates are only going to get better in the near future. There are several high yield savings accounts available at TD bank.
Where to Find High Yield Savings Accounts?
Several banks offer high yield savings accounts. This means that it is a savings account that offers a higher interest rate that most. Generally speaking, a high yield savings account will offer several advantages, primarily a better return on your investment. Of course, what a bank might consider a high yield savings account, you might consider a bad investment, so it is important to do some research in order to find the best results. Generally speaking, a bank will only offer a high yield savings account to certain types of customers. In most cases, an investor will need to meet several requirements. For one, they will need to keep a high balance in the account for a long period of time. Their initial deposit into the account will generally need to exceed a certain amount. The amount of transactions in or out of the account will be limited. They will need to use other services offered by the bank. In other words, a bank will only offer a high yield savings account to a valued customer. Not all high yield savings accounts will require these criteria to be met. In fact, many online banks will circumvent this process. In some cases, an online bank will offer a high yield savings account with a deposit of only one dollar. Of course, with an online bank you will be required to make more of an effort on your part. You will need to manage transfers and link accounts together on your own, rather than having a bank teller do the work for you. In most cases, online banks are the best option if you are looking for a place to find high yield savings accounts. This is because of the fact that they tend to have fewer restrictions than other banks. If you prefer to work with a bank that you can physically visit, it is worth starting with your current bank to see if they will offer it. This is because, as mentioned above, the option is typically only offered to valued customers. If they do not, it is worth checking with some of the other banks in your area to see if they offer it as an option.
What are the requirements for a high yield saving account?
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
