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They can offer interest rates as good as regular brick and mortar. Every financial institution has different interest rates so it is best to shop around before deciding on one bank account.

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14y ago

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Do online savings accounts work as in bank savings accounts?

Yes, online savings accounts do work the same as brick and mortar banks. In fact you may find that some online banks pay higher interest rates and are more convient.


How can I find a bank that has high interest savings accounts?

Your best bet is to look online. AIG Online has high rate savings accounts, but be advised that there are more restrictions compared to a brick-and-mortar bank.


What banks offer High Interest Rate Savings Accounts?

AIG online savings accounts seem to offer the best interest rates. As for brick-and-mortar banks, rates don't differ much, maxing out at around 2%.


Do Suntrust online checking accounts generate interest at a higher rate than accounts at a brick-and-mortar bank?

No. In this ecomony all the banks are at the same interest rate because no one can afford or wants to give their customers more.


How do the interest rates on different savings accounts compare to each other?

The interest rates on savings accounts can vary depending on the bank and type of account. Generally, online banks tend to offer higher interest rates compared to traditional brick-and-mortar banks. High-yield savings accounts typically offer the highest interest rates, while regular savings accounts may offer lower rates. It's important to compare rates and terms before choosing a savings account to maximize your earnings.


DO you need to pay for the online loan?

An online loan is the same as a regular loan received at a brick and mortar building. The expectation is that you pay the principal, plus interest accrued on the money you borrow.


What interest rates does Military Bank Online offer on their savings accounts?

There are many interest rates offered by Military Bank Online on their savings accounts. The interest rates that Military Bank Online offers on their service accounts are as low as 3%.


How do the interest rates on savings accounts compare to each other?

Interest rates on savings accounts can vary depending on the financial institution and the type of account. Generally, online banks tend to offer higher interest rates compared to traditional brick-and-mortar banks. It's important to shop around and compare rates to find the best option for your savings.


How do the interest rates for savings accounts from different financial institutions compare?

Interest rates for savings accounts can vary between financial institutions. Some institutions offer higher interest rates than others, so it's important to compare rates before choosing where to open an account. Generally, online banks tend to offer higher interest rates compared to traditional brick-and-mortar banks.


What are the best online savings accounts with high interest?

The best online saving account with a high interest is the Capital One savings account. Some other good online savings accounts with a high interest are Discover, American Express, Barclays and many more.


How do the interest rates of different savings accounts compare to each other?

The interest rates of different savings accounts can vary, with some offering higher rates than others. Generally, online banks and credit unions tend to offer higher interest rates compared to traditional brick-and-mortar banks. It's important to shop around and compare rates to find the best option for your savings.


Which are the best online bank accounts available?

Apparently online savings accounts pay slightly higher interest rates than brick-and-mortar banks. Some of the most highly-ranked online banks include CIT Bank, EverBank, Barclays, American Express Bank, Ally Bank, and Discover Bank. Look for the interest rates on any plan/service you sign up for, because that's the most important aspect next to security and trustworthiness.