Want this question answered?
The average savings interest rate in banks is 3.5 to 4%
Currently (2009), interest rates on savings accounts are very very low. Different banks have different interest rates. In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
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.
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
The average savings interest rate in banks is 3.5 to 4%
Currently (2009), interest rates on savings accounts are very very low. Different banks have different interest rates. In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
Internet bank interest rates are generally higher than local banks, however, it depends on what interest rate you are wanting. The Bank Of The Internet has a current high yield savings rate of .80%, advantage savings at .71% and money market at .75%.
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.
In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
You can make an appointment to speak to someone at your bank about their current interest rates and how long the terms are for the savings bonds they offer, and even find out the interest rates from several banks so you will get the best rate.
One can find online savings account interest rate for UK banks from Moneysupermarket, Love Money and Money websites. One can use these sites to compare the different interest rates for the saving account for UK banks online.
The interest rate at which they lend out money changes, which changes your interest rate. Banks are a buisness and if their interest rates are lower then your interest rates, they make no money on it. The interest rate taht banks pay is changed because the rate that banks pay to the govenrment changes. Whnever the federal reserve rate changes,your interest rates can change.
The highest interest of savings account offers online banks. Richard Barrington Contributer for instance gives chances of finding the highest interest rate for your savings.
There are several banks that offer high rate savings accounts. Some of the best options for high interest rate accounts are through TD Canada Trust, Scotiabank and Bank of Montreal.
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.