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.
A person can find the best current interest rates on savings accounts by visiting branch offices of local banks in their area and comparing interest rates.
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well.
You can register high interest money making accounts at your current banking institution. There are also several non traditional online banks that would be willing to help you with these services.
Alliance and Leicaster Business Banking, now known as Santander UK, offers personal, corporate, and business accounts, including mortgages, credit products, investments and current accounts.
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.
Sorry. Not a 'one-size-fits-all kind of answer since each financial institution has its own adopted and published interest-crediting practices. You have to contact your financial institution to find out what your account's rules are.Answer:You do not earn interest on current accounts. Because of the high liquidity offered in current accounts banks do not offer interest on the balance maintained in those accounts.
No. Money deposited in checking/current accounts do not earn any interest.
A person can find the best current interest rates on savings accounts by visiting branch offices of local banks in their area and comparing interest rates.
Similarities between current accounts and savings accounts would be: a. They both accept deposits b. You can withdraw money from both accounts c. You get an ATM card for both accounts d. You get a cheque book for both accounts e. You get a bank passbook for both accounts f. You get internet banking for both accounts The differences are: a. You get little or no interest in checking accounts whereas you get a small interest for savings accounts b. There are limitations about the number of transactions you can have in a savings account but there are no limits on the number of transactions for current accounts.
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
As per the Islamic law of Sharia, giving and getting interest is prohibited. So Islamic accounts would not give interest to the customers and nor would the money in those accounts be lent to people to earn interest out of it.
The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well.
You can register high interest money making accounts at your current banking institution. There are also several non traditional online banks that would be willing to help you with these services.
Currently (2009), interest rates on savings accounts are very very low. Different banks have different interest rates. In India as of November 2011, the interest rates are 4% or above. banks can essentially set the rate of interest they choose to pay for money held in savings accounts to their customers
Interest rates change daily among banks. To get the most current rates check bankrate.com