In India the savings account interest rate is 3.5% calculated on the balance at the end of every day. Though 3.5% does not seem to be very high, it is significantly higher than most countries because based on my experience the interest offered on savings accounts in developed nations is less than 1%.
The current HYSA interest rate for savings accounts is around 0.5 to 1.0 annually.
The average interest rate on savings accounts is 3.5 to 4%
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.
savings accounts
WaMu is the best provider of High Interest Rate Savings Accounts.
The current HYSA interest rate for savings accounts is around 0.5 to 1.0 annually.
The average interest rate on savings accounts is 3.5 to 4%
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.
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.
savings accounts
Certificates of Deposit will usually have a higher interest rate than saving accounts.
Bank of America offers very high interest savings in NY.
One can find highest interest rate savings accounts in the following; United Bank UK has 2% rate interest, Bank of Baroda has 1.90% fixed interest, and Barclays has 1.30% and .50% bonus for 12 months which is variable.
The feature used to define the best savings accounts in the UK is usually the one's that offer the highest rate of interest. The higher the interest rate the more their savings will increase in value each year.