answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

What is the meaning of personal rate of return in a 401k account and how does it impact my overall retirement savings?

The personal rate of return in a 401k account is the percentage of growth or decline in the value of your investments over a specific period. It reflects how well your investments are performing. A higher rate of return means your retirement savings are growing faster, while a lower rate of return may impact the growth of your savings and potentially delay your retirement goals. It is important to monitor and optimize your personal rate of return to maximize your retirement savings.


What is the current interest rate offered on savings accounts at ridgewood savings bank?

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.


Which personal savings options are available from the American Express bank?

American Express offers a personal savings account with no fees, no minimum balance amount, and a competitive rate, called the High-yield Savings Account. They also offer an account called Certificates of Deposit, which has a competitive fixed interest rate.


What are the disadvantages of personal savings?

A main disadvantage of personal savings is, in the case of notice accounts for example (Notice Accounts), that your money is often tied up for a specific period of time and cannot be accessed without incurring large penalties. Additionally, if your account does not have a fixed interest rate, the interest rate you are offered can diminish over time, thus lowering the investment return on your savings. Similarly, if you have a fixed interest rate and the basic interest rates rise, you could be earning less on your savings than if you had a variable interest rate.


What is the current PurePoint savings rate?

The current PurePoint savings rate is 0.60.

Related Questions

What is the meaning of personal rate of return in a 401k account and how does it impact my overall retirement savings?

The personal rate of return in a 401k account is the percentage of growth or decline in the value of your investments over a specific period. It reflects how well your investments are performing. A higher rate of return means your retirement savings are growing faster, while a lower rate of return may impact the growth of your savings and potentially delay your retirement goals. It is important to monitor and optimize your personal rate of return to maximize your retirement savings.


What is the current interest rate offered on savings accounts at ridgewood savings bank?

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.


Which personal savings options are available from the American Express bank?

American Express offers a personal savings account with no fees, no minimum balance amount, and a competitive rate, called the High-yield Savings Account. They also offer an account called Certificates of Deposit, which has a competitive fixed interest rate.


What are the disadvantages of personal savings?

A main disadvantage of personal savings is, in the case of notice accounts for example (Notice Accounts), that your money is often tied up for a specific period of time and cannot be accessed without incurring large penalties. Additionally, if your account does not have a fixed interest rate, the interest rate you are offered can diminish over time, thus lowering the investment return on your savings. Similarly, if you have a fixed interest rate and the basic interest rates rise, you could be earning less on your savings than if you had a variable interest rate.


What is the current PurePoint savings rate?

The current PurePoint savings rate is 0.60.


What was the average savings interest rate in 1995 - 2011?

average savings account rate in 1995?


What is the current PurePoint Financial savings rate?

The current PurePoint Financial savings rate is 0.40.


What services does Home Savings Bank offer?

The Home Savings Bank offers a competitive rate for savings compared to many of the far larger high street banks. They also say they offer a personal service because they are small and know their customers.


Do you want a high or low interest rate in a savings bond?

If you are investing in a savings bond, you wish for it to have a high rate of interest. If you are selling savings bonds, you wish it to be at a low rate of interest.


What was the average savings interest rate 1993?

The average interest rate on savings accounts is 3.5 to 4%


What is the average savings interest rate 2008-2009?

The average savings interest rate in banks is 3.5 to 4%


what does having a savings rate do for you?

Having a savings rate can do alot for you , I would take to a banker about it more to find out if it is suitable for you .