How To Find Great Savings Interest Rates?

How To Find Great Savings Interest Rates?
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Getting a great interest rate on your savings can help you grow your nest egg quickly. Finding a high interest rate on a savings account takes a little research, but the financial rewards are well worth the required effort. Here are some tips to help you find a savings account with a high interest rate.Consider A Long Term Savings OptionIf you do not need to be able to access the money you have in savings, consider a long term savings account, such as a CD. When you put your money in a CD, you will not be able to access those funds for a predetermined length of time. The interest rates for these savings accounts are higher than traditional savings account options.Do Research OnlineIf you are just looking for a regular savings account that will allow you to access your money whenever you need it, you should do research online to compare savings account interest rates at different banks. Doing research online is generally faster than calling each bank individually. Make sure you read the fine print on any special offer being advertised by a bank. Some banks promise high interest rates but charge monthly account maintenance fees that offset the interest rate difference.Check Out Local Credit UnionsAnother option is to open a savings account at a local credit union. Credit unions are owned by the people who bank there, so interest rates are usually higher than they are at traditional banks. Some credit unions are not open to the public, but others are. Check out local credit unions to see if you could become a member and get a savings account with a high interest rate.Ask Your Current Bank For A Better RateIndividuals who already have a savings account with their bank but are unhappy with their current interest rate should ask their bank for a rate increase. Although the answer could be no, if you have a long standing relationship with your bank they might increase your rate because they want to retain your business. Ask your bank if they will give you a better savings account rate, and the answer might just be yes.
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Related questions

When Compared to basic savings accounts CDs are liquid and have interest rates?

Description : When Compared to basic savings accounts CDs are liquid and have interest rates?

Last Answer : more; lower

What are the interest rates for a savings account from Chase bank?

Description : What are the interest rates for a savings account from Chase bank?

Last Answer : Chase currently offers an interest rate of .5 on their savings accounts. These are not high rates.

Why do bank savings account interest rates change over the years?

Description : Why do bank savings account interest rates change over the years?

Last Answer : The interest rate at which they lend out money changes, which changes your interest rate. Banks are a buisness and if their interest rates are lower then your interest rates, they make no ... pay to the govenrment changes. Whnever the federal reserve rate changes,your interest rates can change.

Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Description : Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Last Answer : Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.

Who has the best interest rates for a business savings accounts?

Description : Who has the best interest rates for a business savings accounts?

Last Answer : BLOCKFI DEALS BlockFiBlockFi offers crypto interest-earning accounts with up to 8.6% APY. This allows clients holding crypto like Ether to earn compounding interest. BlockFi also offers low-cost USD loans ... capital without selling. You can purchase the product via the following link: 2u.pw/W4UF2

What banks in the Chicago area offer savings accounts with the best interest rates?

Description : What banks in the Chicago area offer savings accounts with the best interest rates?

Last Answer : wwww.bankaholic.com gives readers an extensive look at all current savings accounts offered by all major banks and credit unions. On this site, you will be able to find the ever-changing interest rates, as well as reviews on many banking institutions in the Chicago area.

What are the current rates for high interest rate savings accounts?

Description : What are the current rates for high interest rate savings accounts?

Last Answer : Interest Rates for Savings Accounts vary. The current rates are about 1.51% and lower. Log on to your local bank website to view more details.

Is there a website that tracks interest rates paid on online savings accounts offered by various banks?

Description : Is there a website that tracks interest rates paid on online savings accounts offered by various banks?

Last Answer : Yes, Bankrate.com tracks interest rates on savings accounts offered by many different banks. The website also offers convenient searching features to help you find an appropriate financial product or account.

An increase in interest rates (a) is likely to reduce savings (b) is likely to reduce external value of currency © Leads to a shift in the MEC schedule (d) Leads to a movement along MEC schedule.

Description : An increase in interest rates (a) is likely to reduce savings (b) is likely to reduce external value of currency © Leads to a shift in the MEC schedule (d) Leads to a movement along MEC schedule.

Last Answer : (d) Leads to a movement along MEC schedule

Which banks offer the best savings account rates?

Description : Which banks offer the best savings account rates?

Last Answer : You will find the best rates for savings with an online account. THe larger your deposit the better your rate will be,try Netbank.

what bank have the best rates in savings, checking, money market and cd accounts?

Description : what bank have the best rates in savings, checking, money market and cd accounts?

Last Answer : Bank rates vary on an almost daily basis. You can get up to date comparisions for all types of accounts at http://www.bankrate.com/

Is it normal to get $0.01 interest on $750 savings account?

Description : Is it normal to get $0.01 interest on $750 savings account?

Last Answer : Sounds normal. Interest rates are so flipping low. You could shop around for a higher rate somewhere.

What type of savings institution pays the most interest on a savings account?

Description : What type of savings institution pays the most interest on a savings account?

Last Answer : In the US, there are all sorts - like dozens and dozens - of banks that are offering 2.50 or 2.60% on money these days. Go to https://www.bankrate.com and click on either Savings ... but there are some mild restrictions on how many transactions per month. Really easy to find alternatives these days.

What is an average interest payment on a savings account?

Description : What is an average interest payment on a savings account?

Last Answer : I was told that my interest is half a percent per month if I don’t take any out. I was told that when I reach a minimum of $5,000 a month that my savings interest would be 1.5 percent if I switch to a high interest savings account.

What is the interest for a typical savings account on $5,000?

Description : What is the interest for a typical savings account on $5,000?

Last Answer : Edit I just called the bank. It is $3.50 a month. $42 a year.

Whats the highest savings account interest rate, and CD interest rate, you know of?

Description : Whats the highest savings account interest rate, and CD interest rate, you know of?

Last Answer : For savings I use smartypig.com. It works great.

"Are there any credit cards that pay interest like a savings account?

Description : "Are there any credit cards that pay interest like a savings account?

Last Answer : You mean a debit/credit card? I have one of them.

what Calculate the new balance after one year on a savings account if the previous balance was $230.10 and the interest rate was 4%.?

Description : what Calculate the new balance after one year on a savings account if the previous balance was $230.10 and the interest rate was 4%.?

Last Answer : 239.3

What is the interest rate on savings deposit ?

Description : What is the interest rate on savings deposit ?

Last Answer : Interest rate on savings deposit is about 8%.

Interest or Profit in Cash Savings ?

Description : Interest or Profit in Cash Savings ?

Last Answer : It will not be of interest. That is profit.

When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?

Description : When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?

Last Answer : 1,820-apex test answer

What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

Description : What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

Last Answer : What is the answer ?

What You Might Not Know About High Interest Savings Accounts?

Description : What You Might Not Know About High Interest Savings Accounts?

Last Answer : In a competition to increase the number of account holders, many banks are offering high interest savings accounts. Offering these accounts to customers benefit banks because they are able to lend out ... high interest savings accounts require a minimum fee to open an account, and minimum monthly

What kind of interest could I get on money market savings accounts now?

Description : What kind of interest could I get on money market savings accounts now?

Last Answer : You can get below 0.1% of interest on money market savings accounts now. You can ge the rates at www.PersonalSavings.AmericanExpress.com or www.citibank.com/savings

Which banks are offering the best high interest savings accounts at this time?

Description : Which banks are offering the best high interest savings accounts at this time?

Last Answer : According to Bankrate.com the best savings account interest rates are currently at Capitol One Direct, Discover Bank and Ally.com. The best rates are now at internet based banks, but so long as they're FDIC insured that shouldn't worry you too much.

What are the best savings accounts that offer a high interest yield over the long term?

Description : What are the best savings accounts that offer a high interest yield over the long term?

Last Answer : If you visit bankrate.com, you will find which bank account has the highest rate on a given day. Frequently, online banks (Ally Bank, ING Orange and the like) offer good rates on savings. That being ... The best rates can be had with a virtual savings account and a high deposit like www.Ally.com .

What are the typical minimum deposit requirements for high interest savings accounts?

Description : What are the typical minimum deposit requirements for high interest savings accounts?

Last Answer : I have found to get more than 1.5 % return on savings, you need a minimum of $10,000 to be invested.

What banks offer High Interest Rate Savings Accounts?

Description : What banks offer High Interest Rate Savings Accounts?

Last Answer : 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%.

What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Description : What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Last Answer : You have several banks to choose from for a good rate. I would use Bank of America.

Which bank in has the highest interest in checking and savings account?

Description : Which bank in has the highest interest in checking and savings account?

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

Where could I find an interest only calculator for savings?

Description : Where could I find an interest only calculator for savings?

Last Answer : Interest.com is the site where you can find comprehensive mortgage calculator, as well as the basic mortgage calc you can check the impact of savings vs mortgages, offset mortgages, overpayments.

Where can I find an interest calculator for my savings account?

Description : Where can I find an interest calculator for my savings account?

Last Answer : Financial institution sites such as banks offer different form of calculators to help you manage your finances. Fanniemay, Chase, and Citi bank offer a lot of calculator tools to help you.

Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Description : Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Last Answer : You can find that type of calculator on most large banks websites such as Bank of America or Citi. They allow you to see what your money would be like after a certain time with a certain interest rates.

What banks offer online savings accounts with high interest payouts?

Description : What banks offer online savings accounts with high interest payouts?

Last Answer : There are several banks that offer online savings accounts with high interest payouts. The best banks to use for this are Suntrust and America's First Bank.

Where is the best place to find a high interest savings account?

Description : Where is the best place to find a high interest savings account?

Last Answer : There are very few banks with high interest savings account. At best you can get an account with abotu 1% to 2% interest. Ally bank offers accounts and CDs with these rates and at times have specials for 5% lock in rates.

Cheap Money means - (1) Low Rate of Interest (2) Low level of Savings (3) Low level Income (4) Excess of Black Money

Description : Cheap Money means - (1) Low Rate of Interest (2) Low level of Savings (3) Low level Income (4) Excess of Black Money

Last Answer : (1) Low Rate of Interest Explanation: Cheap Money' is a loan or credit with a low interest rate, or the setting of low interest rates by a central bank like the Federal Reserve. Cheap money ... see the same low interest rates on investments like savings accounts, money market funds, CDs and bonds.

Savings rate is relatively low in developed economies because of - (1) Low per capita income (2) Welfare programmes (3) Liquidity/ Borrowing constraint (4) High interest rate

Description : Savings rate is relatively low in developed economies because of - (1) Low per capita income (2) Welfare programmes (3) Liquidity/ Borrowing constraint (4) High interest rate

Last Answer : (2) Welfare programmes Explanation: As a general rule, saving is considered as a derivative of consumption. Developed economies have lower saving rates than developing countries because ... generations raises national consumption and lowers national saving (The Concise Encyclopedia of Economics).

As the number of investments made by a firm increases, its internal rate of return - (1) declines due to diminishing marginal productivity. (2) declines because the market rate of interest will fall, ceteris paribus. (3) increases to compensate the firm for the current consumption foregone. (4) increases because the level of savings will fall.

Description : As the number of investments made by a firm increases, its internal rate of return - (1) declines due to diminishing marginal productivity. (2) declines because the market rate of interest will ... the firm for the current consumption foregone. (4) increases because the level of savings will fall.

Last Answer : (3) increases to compensate the firm for the current consumption foregone. Explanation: Internal rates of return are commonly used to evaluate the desirability of investments or projects. The higher a ... of return is greater than an established minimum acceptable rate of return or cost of capital.

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

Description : The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

Last Answer : R1 =5x R2=4x T1=T2=1/2 yr [P1*5x*(1/2)]/100 = [P2*4x*(1/2)]/100 P1:P2 = 4:5 Answer: c)

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

Savings rate is relatively low in developed economies because of (1) Low per capita income (2) Welfare programmes (3) Liquidity/Borrowing constraint (4) High interest rate

Description : Savings rate is relatively low in developed economies because of (1) Low per capita income (2) Welfare programmes (3) Liquidity/Borrowing constraint (4) High interest rate

Last Answer : Welfare programmes

As the number of investments made by a firm increases, its internal rate of return (1) declines due to diminishing marginal productivity. (2) declines because the market rate of interest will fall, ceteris paribus. (3) increases to compensate the firm for the current consumption foregone. (4) increases because the level of savings will fall.

Description : As the number of investments made by a firm increases, its internal rate of return (1) declines due to diminishing marginal productivity. (2) declines because the market rate of interest will fall ... firm for the current consumption foregone. (4) increases because the level of savings will fall.

Last Answer :  increases to compensate the firm for the current consumption foregone.

What's your view on CDs and interest rates given that (supposedly) inflation is about to pick up?

Description : What's your view on CDs and interest rates given that (supposedly) inflation is about to pick up?

Last Answer : I'd go with the one year. I have a .9% interest rate with a CD that has about 6 months left, and I can actually add money to it at any time, but I can not withdraw it once it is in ... in the next 6 months interest rates will start to rise. Complete guess, I obviously do not have a crystal ball.

Could someone explain very simply what negative interest rates are?

Description : Could someone explain very simply what negative interest rates are?

Last Answer : answer:Normally, when you have a savings account, interest causes your balance to increase over time. Negative interest means your balance decreases. So, negative interest applied to normal people means that ... to borrow money. Of course, that would never be applied to normal people taking loans.

Why are interest rates so low in countries like USA, UK?

Description : Why are interest rates so low in countries like USA, UK?

Last Answer : I think it has something to do with our unique economic theory on how to avoid bankruptcy through low interest overnight interbank loans. Or something like that. Calling @zenvelo…

How low can interest rates go in Canada and other countries?

Description : How low can interest rates go in Canada and other countries?

Last Answer : I don’t believe it could ever go in the negative, but we will see I really doubt it could go any lower than it already is.

What does it mean when a central bank increases interest rates?

Description : What does it mean when a central bank increases interest rates?

Last Answer : It's usually the interest rate that banks can borrow from each other and yes they have to pay back any money they borrow. Comercial banks will also use the central banks interest rate to ... central bank tries to reduce the amount of borrowing and therefore the potential exposure to loses of banks.

Map to show interest rates across the UK?

Description : Map to show interest rates across the UK?

Last Answer : Um I meant inflation. meh delete this thread.

Will the new credit card laws in the U.S. reinstate old interest rates for the customers they gouged before the new law?

Description : Will the new credit card laws in the U.S. reinstate old interest rates for the customers they gouged before the new law?

Last Answer : Actually, what I read and the notice I recieved from MasterCard, interest rates are going up to close to 30%. I am going to see if our local loan shark issues plastic. I think we can ... credit card interest rates, and 30% healt insurance premimums. Do you wonder why the middle class is shrinking?