Currently, Sainsbury Bank offers three types of savings accounts with different interest rates for each.J&RFirst is Online Saver with 2.85% interest rate.J&RNext, Easy Saver has 2.60% interest. J&RLastly, Fixed Rate Saver offers rates from 3.35% to 4.10%
Most UK banks and building societies offer savings accounts. They can also be found at the Post Office, credit unions and even some supermarkets now offer them such as Tesco and Sainsbury's.
There are several banks that offer online savings accounts with high interest payouts. The best banks to use for this are Suntrust and America's First Bank.
They offer competitive interest rates for savings accounts, as well as high interest rates for CD accounts. They also offer online banking and insurance for money you have in their accounts.
There are many interest rates offered by Military Bank Online on their savings accounts. The interest rates that Military Bank Online offers on their service accounts are as low as 3%.
Savings accounts with traditional banks typically do not have high interest rates. Banks such as Ally or ING Direct offer slightly higher interest rates that are approximately .75 to 1 percent.
AIG online savings accounts seem to offer the best interest rates. As for brick-and-mortar banks, rates don't differ much, maxing out at around 2%.
Bank of America and Suntrust offer very similar interest rates on savings accounts. For up to date information on savings accounts check bankrate.com
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
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.
Some of the financial institutions that offer high interest accounts are; Federal Credit Union, Franklin Savings Bank, and Workers Credit Union.