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What is the rate of interest on savings account in private bank?
Wiki User
∙ 12y ago
It differs from country to country and most importantly from bank to bank. For ex: in countries like USA, Singapore etc, the rate of interest is less than 1% per annum. But, in India the minimum is 4%. Some private banks offer a much higher rate too. For ex: YES Bank offers 6%, Kotak Mahindra bank & Indus Ind Bank offer 5.5% and so on.
Wiki User
∙ 12y ago
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Which bank in has the highest interest in checking and savings account?
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest
What is a bank account you keep money in and get paid interest?
savings account
What are the typical interest rates on a savings account?
The typical interest rates on a savings account is around one to three percent. You can ask bank of america or us bank. Wells Fargo offers the highest percentage on savings.
What is considered to be a high interest savings account rate?
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%.
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.
Which bank in has the highest interest in checking and savings account?
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
What is a bank account you keep money in and get paid interest?
savings account
What are the typical interest rates on a savings account?
The typical interest rates on a savings account is around one to three percent. You can ask bank of america or us bank. Wells Fargo offers the highest percentage on savings.
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 is considered to be a high interest savings account rate?
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%.
By definition a bank that pays simple interest on a savings account will pay interest?
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Is a bank savings account interest rate better than a CD?
No, CD rates are higher, but you cannot withdraw the funds as easily as a bank savings account.
What are typical bank rules for a savings account?
put it in there and wait for the interest :)
Which back has the highest interest rate on a savings account?
In India, I think Kotak Bank and Yes Bank offer the highest rate of interest on Savings account. They offer 6% interest. Almost all other banks offer the minimum stipulated amount of 4% per annum. Mostly private sector banks offer higher interests and perks for savings account holders when compared to government banks in order to attract customers.
Which bank provides the best interest on bank accounts?
There are several banks that offer high interest savings accounts. ING Direct has a good reputation for offering a high interest rate with excellent customer service. Ally National Bank and American Express also provide high interest rates on their savings accounts.
What companies offer the best high interest savings account?
Several companies offer high interest savings account. The companies that offer the highest include Ally Bank, American Express Bank, and Sallie Mae Bank.
