I don’t understand how some banks in Australia have savings accounts with 7% p.a interest rates and Swiss banks offer only around 2%?? I thought swiss banks had the best interest rates, isn’t that why a lot of people are keeping their savings over there? If i deposit say 100,000 AUD, how much money would [...]
I am thinking of leaving banks and turn to credit unions… so i wanted to know why do credit unions offer higher interest rates for different types of savings accounts?
I am wanting to open up a savings account and add a percentage of my paycheck each month. I am in the Houston, Texas area and I would like to have your opinions as to which bank has the best savings account rates and so forth. Thanks!
I am 22 and have read about how invest $2,000 a year for 6 years in your 20s will make you a millionaire due to the compound interest. The examples I’ve read use interest rates of 8% and higher. I am planning to invest $2,000 a year, but am wondering which banks savings rate is [...]
I’d like to move my money out of my savings account and into an online savings account and was wondering where I can get the best online savings account rates.
Most savings accounts offer less than 1% right? Why do internet savings accounts offer closer to 4% right now?
With increased savings rather than investment, how does this lower interest rates? I always though interest rates were set by the central bank (Bank of England or FED etc)?
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I’ve asked this question before but I was not clear enough. I have a 4.89% interest rate for my savings account and 5% apy. If I have for example $3,000.00 in my savings account now, does the 4.89% add to that money I have? I thought that if it did work like that I would [...]
I’m about to get my own bank account. I wanted to get a debit card at first, but a friend told me that if I use a savings account, I can earn interest. But I don’t really know how it works. And she doesn’t quite know either. Btw I’ll be 14 when I get it.