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

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

Answer :

I have found to get more than 1.5 % return on savings, you need a minimum of $10,000 to be invested.
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What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

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

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.

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

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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?

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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 .

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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 are the current rates for high interest rate savings accounts?

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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.

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.

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%.

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)

Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

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Last Answer : e) All the above

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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.

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 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

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?

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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.

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.

Do you have recommendations for high rate savings accounts?

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Last Answer : Purepoint financial. 2.15% Live Oak Bank 2.10 Marcus is at 2.05% Lots of others.

What online banks have high interests savings accounts?

Description : What online banks have high interests savings accounts?

Last Answer : You can get a list of them here www.moneybluebook.com/the-best-online-high-yield-savings-accounts/

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

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Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

An EEFC account can be held only in the form of ________ A. Savings Bank Account B. Deposit Account C. Current Account D. Both (B) and (C) E. None of the Above

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The initial deposit for opening of savings account shall be accepted in cash wef a) 01.01.1990 b) 05.02.2000 d) 12.02.2005 d) None of these

Description : The initial deposit for opening of savings account shall be accepted in cash wef a) 01.01.1990 b) 05.02.2000 d) 12.02.2005 d) None of these

Last Answer : a) 01.01.1990

In what manner fee for getting the nomination cancelled in a Savings account is to be paid? a) In shape of cash b) By deposit to UCR c) In shape of stamp affixed on the application d) None of these

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Starting direct deposit with another company and I have two separate accounts how do I submit the forms?

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Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No subsequent deposit can be made in workers wage account d) No amount is required for opening worker wage accounts e) All the above

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Last Answer : e) All the above

Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD qualifies for the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Description : Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD ... the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Last Answer : d) All the above

What bank in my area will give me a high certificate of deposit interest rate?

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How do I get the best high certificate of deposit interest rates?

Description : How do I get the best high certificate of deposit interest rates?

Last Answer : You will recieve a higher rate of interest as your deposit amount increases.

Does anyone use savings accounts any more?

Description : Does anyone use savings accounts any more?

Last Answer : We also use a MM account and maintain a checking account.

Health insurance question, does anyone have experience with Health Savings Accounts (HSA) versus Health Reimbursement Accounts(HRA)?

Description : Health insurance question, does anyone have experience with Health Savings Accounts (HSA) versus Health Reimbursement Accounts(HRA)?

Last Answer : answer:Judging by the way my insurance has it working it seems pretty simple. When up for enrollment, I tell work that for the HSA I want X amount of dollars saved up during the next year. With ... of it. The next year it reboots to 0, so planning expenses and what to save is extremely important.

What are your thoughts on health savings accounts (HSAs)?

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Last Answer : At my ex-company they had healthsavings accounts and ppos. They contributed the same amount to both. Single people actually had their health savings account filled for them without ever having to make a ... chose the PPO they would have had to do both. They basically got completely free health care.

What is the trade off to putting money in savings accounts compared to a money market accounts or a certificate of deposits?

Description : What is the trade off to putting money in savings accounts compared to a money market accounts or a certificate of deposits?

Last Answer : Need answer

The Benefits And Disadvantages Of Money Market Savings Accounts?

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Last Answer : A money market account is also known as an MMDA. Money marketaccounts are savings accounts that are offered by financialinstitutions, credit unions, and banks. These kinds of accounts arefederally insured ... that is earned from investments or estatesettlements. They can also be used to keep funds

What information do I need to set up checking and savings accounts online?

Description : What information do I need to set up checking and savings accounts online?

Last Answer : You should have your social security number and any current banking information. You'll have to sign a document and fax or mail it back in.

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/

are credit cards better than savings accounts?

Description : are credit cards better than savings accounts?

Last Answer : Some people are able to control their spending habits while using a credit card, and pay off their balance each month without penalty. If you are discipline enough to do so, there are advantages ... these points with having an interest-free loan each month, having a credit card is worth considering.

The Benefits of Using Online Savings Accounts?

Description : The Benefits of Using Online Savings Accounts?

Last Answer : Online savings accounts have become far more popular in the last few years for many reasons. Among the most important reason for you, the consumer, is that you can save money by opting for an online ... to the benefits of eco-friendly, paperless banking that is sure to be a staple in the future.

present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these

Description : present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these

Last Answer : a) 5000

2. Which of the following groups is most hurt by unexpected inflation? a. workers with cost of living adjustments in their labor contracts b. homeownersc. people with large debts to pay for their homes and carsd. people with large retirement savings held in savings accounts

Description : 2. Which of the following groups is most hurt by unexpected inflation? a. workers with cost of living adjustments in their labor contracts b. homeowners c. people with large debts to pay for their homes and cars d. people with large retirement savings held in savings accounts

Last Answer : d. people with large retirement savings held in savings accounts

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.

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.

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).

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

What are the requirements of a 529 savings plan?

Description : What are the requirements of a 529 savings plan?

Last Answer : There aren't any requirements to get started. If you want to have your plan at a specific school, talk to a school officer to get started. If you want to start a general plan, talk to an authorized financial adviser in your state.