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Q: Why should a person use APY instead of interest rate when comparing savings accounts?
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Related questions

Who can help with high interest online savings?

Online savings account interest rates are not fixed, and they change frequently. Online savings accounts can be researched by comparing many different online banks.


Where can one find more information on the best current interests rates on savings accounts?

A person can find the best current interest rates on savings accounts by visiting branch offices of local banks in their area and comparing interest rates.


What is the high interest savings accounts?

High interest savings accounts are savings accounts that banks give you that let you earn lots of interest with benefits. They usually are the toughest to get because you need to deposit a certain amount of money.


Who is the best provider of High Interest Rate Savings Accounts?

WaMu is the best provider of High Interest Rate Savings Accounts.


Where can one find the highest savings interest rates?

One can find the highest savings interest rates by going to the Savings Accounts website. The website has a list of the top 10 Savings Accounts that have high interest rates.


What exactly are high interest savings accounts?

It's exactly like low interest savings accounts except this time it's high. This way you can save more money in a high interest savings accounts. You have got to be high not to get this account.


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.


Why does a savings account make a better investment than a checking accounts?

Savings accounts earn interest.


What was the average savings interest rate 1993?

The average interest rate on savings accounts is 3.5 to 4%


What kind of interest could I get on money market savings accounts now?

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


How can you attain the best interest rates on savings?

There are many options for savings accounts which provide different interest rates. For traditional savings accounts, online banks typically yield the best rates.


What are some of the best interest rates for savings accounts?

Some of the best interest rates for savings accounts can be found online by comparing various interest rates from savings accounts that suit ones needs. Some of the accounts with higher interest rates in the U.S are Ever Bank, Ally and Barclays.