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The average savings interest rate in banks is 3.5 to 4%

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16y ago

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What was the average savings interest rate 1993?

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


What was the average savings interest rate in 1995 - 2011?

average savings account rate in 1995?


What was the average savings interest rate 1989-2007?

77%


What is the average savings interest rate 1998-2010?

5.6


Average savings interest rate 2000-2010?

The average savings account interest rate in India has been around 3-3.5% in the duration of the years mentioned in your question. Note: This % rate varies from country to country


Do you want a high or low interest rate in a savings bond?

If you are investing in a savings bond, you wish for it to have a high rate of interest. If you are selling savings bonds, you wish it to be at a low rate of interest.


What was the average savings account yield from 2008 - 2011?

The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.


What was average interest rate paid on savings accounts in 1987?

In 1987, the average interest rate paid on savings accounts in the United States was approximately 5.5%. This rate reflected the economic conditions of the time, including high inflation and a competitive banking environment. Interest rates for savings accounts varied by institution, but overall, they were significantly higher than the rates typically seen in the decades that followed.


What was average interest rate paid on savings accounts in 1986?

The average interest rate paid on savings accounts in India has been around the 3% mark for many years. However, recently it was hiked to be 4% in India which is the highest of any interest offered on savings accounts by banks in the world. So, my guess is that it should have been 3 or 3.5% in 1986.


What the interest on 500000 in savings?

The interest on $500,000 in savings depends on the interest rate offered by the savings account. For example, if the account has an annual interest rate of 1%, the interest earned in one year would be $5,000. At a higher interest rate, such as 3%, the annual interest would be $15,000. It's important to check the specific terms of the savings account for accurate calculations.


What was the savings interest rate in 1987?

In 1987, the average savings interest rate in the United States was approximately 5.25%. This rate varied depending on the financial institution and type of account. The economic conditions of the time, including the Federal Reserve's monetary policy, influenced these rates.


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

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