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What kind of interest could I get on money market savings accounts now?
Wiki User
∙ 14y ago
You can get below 0.1% of interest on money market savings accounts now. You can ge the rates at www.PersonalSavings.AmericanExpress.com or www.citibank.com/savings
Wiki User
∙ 14y ago
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Where can one find information about high interest savings accounts?
One can find multitudes of information about high interest savings accounts at their local banks or credit unions. Alternatively, one could also look at the same banks and credit union's websites.
What are the disadvantages of personal savings?
A main disadvantage of personal savings is, in the case of notice accounts for example (Notice Accounts), that your money is often tied up for a specific period of time and cannot be accessed without incurring large penalties. Additionally, if your account does not have a fixed interest rate, the interest rate you are offered can diminish over time, thus lowering the investment return on your savings. Similarly, if you have a fixed interest rate and the basic interest rates rise, you could be earning less on your savings than if you had a variable interest rate.
Where can one find information on high interest money market accounts?
There are many online sites where one could find information on high interest money market accounts. These online sites include Citizens Bank, Suzeorman, and many more.
How could one get savings account interest rate calculation for free?
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.
What is a money market account?
A money market account could be described as a hybrid between a savings and checking account. For instance, unlike a typical saving account checks can be written against them. They also typically bear higher interest rates than a normal savings account, but have more restrictions. For example, they will likely require a high minimum balance and may restrict the number of withdrawls you can make in a given month.
Where should I invest my money?
Well, i could give some idea or maybe some opportunity :- The Stock Market High-yield savings accounts Copytrading apps Treasury Bonds Money Market Accounts. Forex Learn more how to invest your money properly, link in my bio.
Where can one find information about high interest savings accounts?
One can find multitudes of information about high interest savings accounts at their local banks or credit unions. Alternatively, one could also look at the same banks and credit union's websites.
What are the disadvantages of personal savings?
A main disadvantage of personal savings is, in the case of notice accounts for example (Notice Accounts), that your money is often tied up for a specific period of time and cannot be accessed without incurring large penalties. Additionally, if your account does not have a fixed interest rate, the interest rate you are offered can diminish over time, thus lowering the investment return on your savings. Similarly, if you have a fixed interest rate and the basic interest rates rise, you could be earning less on your savings than if you had a variable interest rate.
How can someone compare savings accounts?
If one wanted to compare savings accounts, they could visit numerous banking websites and see what interest rate they are offering. You would want to write them down and weigh the pros and cons of each company.
Where can one find rates for UK savings?
One could use a price comparison website, such as MoneySupermarket, to search for specific savings accounts and find the best interest rates on offer.
Where can one find information on high interest money market accounts?
There are many online sites where one could find information on high interest money market accounts. These online sites include Citizens Bank, Suzeorman, and many more.
Could you inform me about savings interest calculators?
Savings interest calculators tell you how much money you will earn from interest on your savings. To find out more information on savings interest calculators go to www.moneyadviceservice.org.uk where you will find all the details you require.
How could one get savings account interest rate calculation for free?
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.
What is a money market account?
A money market account could be described as a hybrid between a savings and checking account. For instance, unlike a typical saving account checks can be written against them. They also typically bear higher interest rates than a normal savings account, but have more restrictions. For example, they will likely require a high minimum balance and may restrict the number of withdrawls you can make in a given month.
How do I find banks that offer high interest rate savings accounts?
You may need an investment cosultant but you could try here http://www.getrichslowly.org/blog/2007/03/21/which-online-high-yield-savings-account-is-best/
What are some good opportunities to invest my money?
You could always try the stock market but this can be riskey because stocks are very unpredictable. There are liquid investment like savings accounts, cd bonds, money market accounts, ect. Or depending how large you are talking about there is always real estate.
Where can I find information on CD savings accounts?
To obtain information on a CD savings account, you could go to your bank (assuming that you are banking somewhere.) and ask for the different "package plans" they have. Credit Unions also offer information on CD savings accounts. However, be sure you factor in with whatever plan you choose the time it takes for the CD to mature because early withdrawal, in most cases, could cost you up to 6 months in interest.
