0
0%
Most current accounts do not offer any interest on the balance maintained with them. This is because, the money held in a current account is highly liquid and can be withdrawn any time. So, in order to compensate for the liquidity, banks offer very little to 0% interest. Even if they offer any interest it may not cross 1% per annum.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is the current interest rate on a standard saving account at Bank of America?
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.
What are some current account interest rates?
Depends on the countries, current account interest rates can be different. For example, one bank can have a 0.35% where other bank has a rate of 0.5%.
What are the current interest rates on the esavings account?
There are many different interest rates available for an eSavings account. The rate of an eSavings account will largely depend on where one chooses to bank at.
What is the average rate of interest on Debenhams credit cards?
"It appears that the average, standard rate of interest on a debenhams credit card for a current account in good standing is 13.57%. The rate increases dramatically if you account enters default, however."
What are the interest rates on a Fidelity 401K account?
The interest rates for a loan on a Fidelity 401K account will vary depending on location and the current prime rate. 401K loans rates are typically 1% above prime rate.
What does a variable interest rate on my current bank account imply?
A variable interest rate on a current bank account would imply that the interest rate fluctuates over time. Market conditions will determine the value of the interest earned.
What type of bank account typically offers no interest rate?
A current account.
What is the current interest rate on a standard saving account at Bank of America?
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.
What are some current account interest rates?
Depends on the countries, current account interest rates can be different. For example, one bank can have a 0.35% where other bank has a rate of 0.5%.
What if Jennifer deposited 10000 in an account that earns compound interest. The annual interest rate is 8 and the interest is compounded 2 times a year. The current balance in the account is 10?
No. If the account is earning interest the current amount should be greater than the initial deposit.
What are the advantages of having a current account plus?
Current account plus is a good option for customers as it has a tiered interest rate. The higher the balance, the more interest the customer earns. It also has a joint account facility.
What are the current interest rates on the esavings account?
There are many different interest rates available for an eSavings account. The rate of an eSavings account will largely depend on where one chooses to bank at.
Disadvantages of a current account?
One of the disadvantages of a current account includes drawing a low interest rate, the initial paperwork when opening an account is lengthy and terms are difficult to understand.
What is the average rate of interest on Debenhams credit cards?
"It appears that the average, standard rate of interest on a debenhams credit card for a current account in good standing is 13.57%. The rate increases dramatically if you account enters default, however."
What are the interest rates on a Fidelity 401K account?
The interest rates for a loan on a Fidelity 401K account will vary depending on location and the current prime rate. 401K loans rates are typically 1% above prime rate.
What is the current interest rate offered on savings accounts at ridgewood savings bank?
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.
My current account gives me interest on my savings and my Mom says that it's better off to open up a savings account Why?
If you want a higher rate of interest compared to what you get on your current account you will need to look for a savings account. If you are keeping a lot of money in your current account you may be missing out. Compare rates and see if there is an account that would suit you better.
