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What are some places that offer special interest rates for college savings accounts?
Wiki User
∙ 10y ago
Some places that offer special interest rates for college savings accounts include Citizens Bank and BBT. You can open an account online on their websites.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoBanks that offer the 529 savings plan offers the highest return on college saving funds. Banks that have this plan include Bank of America, Wells Fargo, and U.S. Bank.
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What type of savings does Barclays Wealth offer to its clients?
Barclays offers the typical savings accounts that all banks carry, but they also carry special accounts for children, boarding school students, and college students.
for regular savings account,money market accounts,certificate of deposited accounts and special savings.What are their interest,how much do you need to open an account and what are the penalties for each?
Those answers are completely dependant on where you would like to open the accounts. I am sure though, that if the rate is not that important, you would be able to find one of each with a minimum of $1. There are certain drawbacks to each- regular savings = low interest, money market = can lose value, CD = cannot access the money for a period of time, and special savings also does not have a high interest rate.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
Where can one open a business savings account?
Business savings accounts can be opened at any normal bank that the customer does their private business with. If there are any special requirements, one could use a bank that does business accounts specifically.
What rate offers does Nationwide International have for high balance accounts?
Nationwide International offers a special interest rate for those with high balance accounts. You can choose between an annual or monthly interest rate. For accounts with a balance of more than 25,000 pounds, the annual interest rate is 1.6%, while the monthly interest rate is 1.5%.
What do the numbers mean in a 529 college savings plan?
The 529 college savings plan helps people save money for college. The 529 comes from the Internal Revenue Service code section that created the savings plan in 1996. This plan is operated by the university or college.
Do I need a special tax form for my 529 savings plan ?
You only need a special form if you have made more than 2,000 dollars of interest from the plan in the year.
Grow Your Money With Business Savings Accounts?
Business savings accounts give companies the opportunity to grow their cash in a safe environment, separate from personal finances. when looking for a business account, small business owners should look for a bank that has a consistently good interest rate and great customer service.Banks have special accounts designed for sole proprietors, partnerships, corporations and non-profits that can allow them to grow their money while they are not using it. These accounts can be configured for several different users such as managers, accountants and executives so all who need to know their status can get access them when necessary.The best of these accounts will have competitive interest rates and no fees so businesses can get the most benefit from their money as possible. Since interest rates on savings accounts usually are fairly low, fees can quickly absorb any interest income. Liquidity also concerns small businesses, so they should make sure that they have a business savings account that has a generous amount of withdraws available without penalties. After all, business conditions often become volatile, meaning that a company may need their cash in a hurry.Business savings accounts can often be linked to checking accounts to provide overdraft protection. This feature makes it possible to survive accounting errors and other mistakes without encountering expensive overdraft or NSF fees.When looking for business savings accounts to suit their needs, companies should look for other benefits that make their accounts easier to use. For example, online and mobile banking allows business owners to view the status of their accounts on a smartphone or computer from virtually any location. Also, some banks offer bonus interest rates when a company establishes more than one account with them. This helps the bank get more business while helping business clients earn more with their money.Minimum deposits can also make a difference when opening business savings accounts. For example, an account that requires a balance of $25,000 usually offers more interest and other perks than an account with a minimum balance of $100.Business savings accounts are valuable financial products that can help keep cash safe, secure, productive and accessible. By carefully considering options available at different banks, businesses can get important services that help build their success.
How To Find Great Savings Interest Rates?
Getting a great interest rate on your savings can help you grow your nest egg quickly. Finding a high interest rate on a savings account takes a little research, but the financial rewards are well worth the required effort. Here are some tips to help you find a savings account with a high interest rate.Consider A Long Term Savings OptionIf you do not need to be able to access the money you have in savings, consider a long term savings account, such as a CD. When you put your money in a CD, you will not be able to access those funds for a predetermined length of time. The interest rates for these savings accounts are higher than traditional savings account options.Do Research OnlineIf you are just looking for a regular savings account that will allow you to access your money whenever you need it, you should do research online to compare savings account interest rates at different banks. Doing research online is generally faster than calling each bank individually. Make sure you read the fine print on any special offer being advertised by a bank. Some banks promise high interest rates but charge monthly account maintenance fees that offset the interest rate difference.Check Out Local Credit UnionsAnother option is to open a savings account at a local credit union. Credit unions are owned by the people who bank there, so interest rates are usually higher than they are at traditional banks. Some credit unions are not open to the public, but others are. Check out local credit unions to see if you could become a member and get a savings account with a high interest rate.Ask Your Current Bank For A Better RateIndividuals who already have a savings account with their bank but are unhappy with their current interest rate should ask their bank for a rate increase. Although the answer could be no, if you have a long standing relationship with your bank they might increase your rate because they want to retain your business. Ask your bank if they will give you a better savings account rate, and the answer might just be yes.
Take Advantage of Online Savings Accounts?
One of the great advantages of the internet is that it eliminates the need to perform many daily tasks offline. One of those tasks is trips to the bank to maintain a checking or savings account. And along with this convenience comes the advent of online savings accounts.These accounts are typically considered branch-free and are available to customers across the country, regardless of their proximity to a branch or official bank-operated ATM.These accounts have distinct benefits over their traditional bricks-and-mortar counterparts that specifically benefit consumers -- especially those of modest means who need low startup fees and high interest rates to make their money really work for them.Higher Interest RatesBecause these special online savings accounts don't have a vast network of branches and staff members to support, they're able to offer a higher interest rate that traditional banks simply can't match in most cases. Sometimes, this rate can reach double the rate of traditional banks. That's especially important in an era of low interest rates across the board as the government tries to stimulate the economy and protect banks from the pitfalls of the 2008 recession.Lower Fees than Traditional BanksAgain, due to the nature of online savings accounts, there are hardly ever fees to maintain an account regardless of a higher or lower balance. Online savings accounts are typically fee-free, and most of them will even reimburse any fees incurred at an ATM for being "out of network." This, too, can be blamed on their lack of branches and extensive staff.Extensive Online Account ManagementOnline savings accounts, by their nature, require an extensive support system with their online account tools. That's because there are no branches and their customer service and support networks are significantly more limited than traditional banks. For this reason, customers will have almost total control over their account online which can result in a huge time savings. They'll be able to start and stop direct deposit, transfer between their online savings accounts and other checking or money market accounts -- even at other banks -- and manage their contract and privacy preferences all online.Branch-free online savings accounts are likely the future of savings accounts in America and around the world. Their low margins, high rates, and non-existent fees are great for modest savers in tough times, and their innovative online account management serves as a model to the world's more traditional banking brands.
Do historians go to a special college?
A historian does not even have to go to college. Anyone who has sufficient interest and knowledge about one- or more historical topics - and who can convey that knowledge and interest to other people - could be termed a historian.
What are the basic HSBC savings accounts features?
The HSBC savings account features include no hidden costs, ATM access, an international debit card, and an HSBC credit card. There are also special relationship discounts for home loans and personal loans.
