The banks that offer high interest bank accounts are Ally Bank, Everbank and Discover Bank according to Moolanomy. You will get the highest interest rate on savings now at Everbank with a 1.25% bonus rate the first six months or you can choose 1.01% APY for the first year on a balance of up to $50,000.
The highest yeild accounts are listed here http://www.bargaineering.com/articles/top-5-online-banks-savings-or-checking-accounts.html
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.
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%.
Banks offer a variety of accounts including: checking, savings, mutual funds, IRAs, CDs, etc. Different banks offer different interest rates and promotions for these different types of accounts.
Bank of America and US Bank are both nation-wide banks that offer great rates for savings accounts, but there may be some local banks that are better. It's best to just look around your area.
RBI does not give savings accounts. It is the banker of banks or the central bank of india. Regular banks in india will offer you savings accounts and the interest rate offered currently is 4% per annum.
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.
Most large banks today offer mortgage savings accounts. HomeBuyer is one such bank. Other banks, such as Bank of America, Chase, and CitiBank offer mortgage savings accounts too.
No. Banks will offer interest only on active bank accounts. Dormant accounts are inactive and do not earn any interest. Customers need to keep their accounts active if they wish to earn an interest through their accounts
Banks let customers borrow the money that you keep in your savings account. Since they offer you an interest on the money you keep in your account and they need to make a profit from the loans they grant, they usually charge more interest. This interest is usually atleast 2-3% greater than the interest they offer on deposit accounts.
There are several banks that offer high rate savings accounts. Some of the best options for high interest rate accounts are through TD Canada Trust, Scotiabank and Bank of Montreal.
Banks let customers borrow the money that you keep in your savings account. Since they offer you an interest on the money you keep in your account and they need to make a profit from the loans they grant, they usually charge more interest. This interest is usually atleast 2-3% greater than the interest they offer on deposit accounts.