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Yes. All services provided by banks like savings accounts, fixed deposits, loans etc have interest rates. Usually the rates on deposit products are much lower than the rates on loans. The banks makes a profit based on the difference in interest rates between these two products.
What else can I help you with?
Which online sites offer the ability to compare bank account interest rates?
There are a number online sites that allow one to compare interest rates on bank accounts and loans. These include Money Savings Expert, Go Compare and Compare The Market.
What is the role of the thrift bank?
This is a type of bank which aims to offer low-cost loans and high interest rates savings and checking accounts. The thrift bank also tends to provide basic banking services like personal loans.
What are the interest rates for a savings account from Chase bank?
Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.
What is bank customers share of the profits made on loans?
Savings account interest is the bank customer's share of the profits made on loans.
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 are typical bank savings interest rates in the UK?
Bank savings interest rates in the UK are pretty much the same as they are in the US. Different banks offer different interest rates, ranging from 4% to 12%.
What interest rates does Military Bank Online offer on their savings accounts?
There are many interest rates offered by Military Bank Online on their savings accounts. The interest rates that Military Bank Online offers on their service accounts are as low as 3%.
Is there a significant difference on interest rates on savings account interest rates with Bank of America and Suntrust?
Bank of America and Suntrust offer very similar interest rates on savings accounts. For up to date information on savings accounts check bankrate.com
What are the advantages of operating with the State Farm Bank?
The State Farm Bank has better interest rates in checking and savings accounts, very affordable rates for different kinds of loans, and it is very simple to operate with it.
Which online sites offer the ability to compare bank account interest rates?
There are a number online sites that allow one to compare interest rates on bank accounts and loans. These include Money Savings Expert, Go Compare and Compare The Market.
What are the interest rates for a savings account from Chase bank?
Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.
What is the role of the thrift bank?
This is a type of bank which aims to offer low-cost loans and high interest rates savings and checking accounts. The thrift bank also tends to provide basic banking services like personal loans.
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 is bank customers share of the profits made on loans?
Savings account interest is the bank customer's share of the profits made on loans.
Doe 5/3 Bank offer fixed rate student loans?
The 5/3 bank offers student loans offers fixed rates. Interest rates on loans with the Fixed and Deferred Repayment Options are higher than rates on loans with the Interest Repayment Option.
What is a banks customer's share of the profit made on loans?
The bank customer's share of profit made on loans by the bank is called the "interest." It is the money the bank pays the customer for having their money deposited with the bank. As you know, the bank earns an interest income from loan customers for the money they lend them, and since this money they lend is taken from the deposits placed by customers, banks share the profit by paying interest to the customer who has placed the deposit with them.
What is the bank customer shares of the profit made of loans?
Savings account interest and all other forms of interest earned on deposits with a bank is a person's share of the bank's profit made on loans.
