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Karnataka bank in India has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest

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16y ago

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Which has a higher interest rate checking or saving?

Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.


What are the disadvantages of using checking accounts?

Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.


Which companies offer the highest interest savings account?

The highest interest of savings account offers online banks. Richard Barrington Contributer for instance gives chances of finding the highest interest rate for your savings.


What amount of money in a checking or a savings account upon which interest is based?

The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.


What makes a savings than a checking account account a better investment?

A savings account earns interest.


What's one difference between a checking account and a savings account?

savings account earns interest.


What is the purpose of high interest checking?

"A high interst checking account is a type of checking account that earns interest. Usually these accounts have higher interest than a regular checking account, but not as high as a savings account."


Are there more fees in a checking account compared to a savings account?

Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.


Does BB and T checking account earn interest?

No, only their savings account accrues interest.


Does U.S. Bank offer any high yield savings accounts?

U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.


What makes a saving account a better investment than checking account?

A savings account earns interest.


Is the interest rate paid on savings accounts generally less than the rate paid on checking accounts?

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.