The average interest rate on savings accounts is 3.5 to 4%
The monthly interest rate for fixed rate bonds is the annual interest rate divided by 12.
Yes
The average savings interest rate in banks is 3.5 to 4%
You could get the calculation of your interest rate in your savings account online. They have calculators online that can help you find your interest rate.
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.
The two types of savings bonds are Series EE and Series I. Series EE bonds are purchased at face value and accrue interest over time, while Series I bonds earn interest based on a combination of a fixed rate and an inflation rate.
Savings bonds can be bought and then kept as investments. They are a way of saving by lending the government money. They are a fairly reliable form of investment although they do not get a high rate of interest.
You can make an appointment to speak to someone at your bank about their current interest rates and how long the terms are for the savings bonds they offer, and even find out the interest rates from several banks so you will get the best rate.
The government would most likely increase taxes if ti wanted to get more savings. Congress has broad taxation powers, and can easily come up with a taxation scheme to boost government revenue.
The average interest rate on savings accounts is 3.5 to 4%
The monthly interest rate for fixed rate bonds is the annual interest rate divided by 12.
Yes
The average savings interest rate in banks is 3.5 to 4%
WaMu is the best provider of High Interest Rate Savings Accounts.
You could get the calculation of your interest rate in your savings account online. They have calculators online that can help you find your interest rate.
The interest rate on savings is very similar around the country. In Boston the interest rate is .89%