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Q: Who decides the interest rate on a savings bank account?
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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 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?

s


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 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.


How can one obtain the best interest on savings?

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.