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

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

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 said, your best bet for long term savings is frequently a Certificate of Deposit (CD) account. Of course, this assumes that a bank account is your preferred means of savings--other investments (stocks, bonds, real estate) offer much higher yields over the long term in exchange for additional risk. There are several good savings accoutn at many banks. The best rates can be had with a virtual savings account and a high deposit like www.Ally.com .
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Related questions

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 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.

Does Bank of America offer any high yield interest accounts?

Description : Does Bank of America offer any high yield interest accounts?

Last Answer : The best interest rates you'll get from Bank of America are in their CD's and their money market accounts. Money Market Accounts work like a checking account, but pay a higher interest rate.

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 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?

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 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 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.

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

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.

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.

Is the yield for a Chase money market savings account high?

Description : Is the yield for a Chase money market savings account high?

Last Answer : The yield for the Chase money market savings account is in line with the National average.You will find the highest rates with online accounts like www.DiscoverBank.com

Do you have recommendations for high rate savings accounts?

Description : Do you have recommendations for high rate savings accounts?

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/

What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Description : What functions do financial institutions traditionally perform? A. They mobilize savings and investments. B. They expand risk. C. They spread risk. D. They offer only short-term finance.

Last Answer : They mobilize savings and investments.

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.

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)?

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

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?

Description : The Benefits And Disadvantages Of Money Market Savings Accounts?

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.

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.

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

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

Where can I get a high yield interest account online?

Description : Where can I get a high yield interest account online?

Last Answer : The online site http://www.moolanomy.com/1333/how-to-find-best-high-yield-savings-interest-rate/ will provide you with a list of of top online banks that offers high yield savings account, ... up to $250,000. Your principal is protected and you’re guarantee a positive nominal return on investment.

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 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.

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.