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What else can I help you with?
What negotiable instrument has a higher interest rate than most savings accounts?
Certificates of Deposit will usually have a higher interest rate than saving accounts.
What is the standard interest rate on an interest bearing checking account at Chase bank?
The standard interest rate on an interest bearing checking account at a Chase bank is 0.01%. They have a variety of checking accounts with the same interest rate or less.
Is it better to have a higher the interest rate on a credit card the better that is for the card holder?
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
What type of checking account requires a higher balance and has a higher interest rate?
A high-yield checking account typically requires a higher minimum balance and offers a higher interest rate compared to standard checking accounts. These accounts often come with specific requirements, such as maintaining a certain balance or making a specified number of transactions each month to earn the higher interest. They are ideal for individuals looking to earn more on their deposits while still having access to their funds.
Best saving account interest rates?
saving account interest rate is now 4% that is best
What is the savings interest rate of Saga Savings?
The savings interest rate of Saga is actually higher than most places. It is rated at about 2.75%. I highly recommend checking it out if you are looking into something like this.
How does my credit score impact the interest rate I receive on my mortgage?
Your credit score affects the interest rate you receive on your mortgage. A higher credit score typically leads to a lower interest rate, saving you money over the life of the loan. Conversely, a lower credit score may result in a higher interest rate, costing you more in interest payments. It's important to maintain a good credit score to secure a favorable interest rate on your mortgage.
What type of checking account that also earns interest these accounts generally have a higher minimum balance?
The type of checking account that earns interest and typically requires a higher minimum balance is known as a high-yield checking account or an interest-bearing checking account. These accounts often offer better interest rates than standard checking accounts, but they may require a minimum balance to avoid fees or to qualify for the interest rate. Customers should carefully consider the terms and conditions, as the higher balance requirements can make them less accessible for some users.
How is a checking account different than a saving account?
Both Checking Accounts and Savings Accounts are basic types of bank accounts provided by banks to their customers. The difference is: a. There are limitations on the number of trasactions that can be performed in a savings account on a per month basis whereas for checking accounts there are no limitations b. The interest rate offered by banks on savings account is much higher than what is offered on checking accounts because banks offer almost no interest in them
How do you calculate how much interest rate should be given for 6 month saving deposit?
I calculate the interest rate should be given for 4 month saving deposit
Why you might save money in a saving account?
It's useful to save money so that when you need to buy something or pay a bill, you will have the money to do so. Savings accounts as compared to checking accounts will normally pay a higher interest rate (although at the moment, in Feb. 2013, interest rates are quite low).
What is the Difference between saving bank rate and Deposit rate?
deposit rate interest rate paid by the depository institution on the cash on deposit where as saving bank rate is interest paid by the banking institution on saving account holder which is calculated on daily basis and credited to customer account quaterly or semi annually.
