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.
Online savings account interest rates are not fixed, and they change frequently. Online savings accounts can be researched by comparing many different online banks.
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.
Interest
Interest
wwww.bankaholic.com features current online savings account rates offered by all major banks and credit unions. On this site, in addition to finding out the current, ever-changing interest rates, you will also be able to read reviews on many banks.
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.
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.
The online site http://www.moolanomy.com/1333/how-to-find-best-high-yield-savings-interest-rate/ will provide you with a list of of top online banks that offers high yield savings account, high interest savings account, or high yield money market account. All of these accounts are FDIC insured up to $250,000. Your principal is protected and you’re guarantee a positive nominal return on investment.
One might obtain the best interest on savings by looking at the different interest rates banks offer and opening a savings account with that bank. Another way to obtain the best interest on savings is to open a Tax Free Savings Account.
The "best" is subjective and will depend on the features that you are looking for in a bank. Personally, First Command Bank is an awesome bank with a high interest money market savings account. American Express Bank currently has a 1.3% interest rate for their savings accounts.
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
The bank does not just hold on to the money you retain in your savings account. Instead, they offer loans to other customers using that money. The loan customers pay an interest to the bank and the bank in turns offers the savings account holders an interest. Since banks make money by lending our money, they offer us an interest.