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What was the average savings interest rate 1993?
The average interest rate on savings accounts is 3.5 to 4%
Do savings bonds draw interest?
Yes
What is the average savings interest rate 2008-2009?
The average savings interest rate in banks is 3.5 to 4%
How could one get savings account interest rate calculation for free?
You could get the calculation of your interest rate in your savings account online. They have calculators online that can help you find your interest rate.
If Jim bought 8000 dollars worth of Canada Savings Bonds and cashed in 12000 dollars 5 years later what was the interest rate paid on these bonds?
According to my calculations the answer is 8.137%.
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 are the 2 types of savings bonds?
The two types of savings bonds are Series EE and Series I. Series EE bonds are purchased at face value and accrue interest over time, while Series I bonds earn interest based on a combination of a fixed rate and an inflation rate.
What can one do with saving bonds?
One can invest in savings bonds as a low-risk option to save money over a period of time. They can earn a fixed interest rate, which can be beneficial for long-term savings goals. Additionally, savings bonds can be used for education expenses or to supplement retirement income.
Where can I learn how to get started investing savings bonds?
You can make an appointment to speak to someone at your bank about their current interest rates and how long the terms are for the savings bonds they offer, and even find out the interest rates from several banks so you will get the best rate.
What economic strategy does the governmnet use to stimulate savings?
The government would most likely increase taxes if ti wanted to get more savings. Congress has broad taxation powers, and can easily come up with a taxation scheme to boost government revenue.
What was the average savings interest rate 1993?
The average interest rate on savings accounts is 3.5 to 4%
Do savings bonds draw interest?
Yes
What is the average savings interest rate 2008-2009?
The average savings interest rate in banks is 3.5 to 4%
Who is the best provider of High Interest Rate Savings Accounts?
WaMu is the best provider of High Interest Rate Savings Accounts.
How could one get savings account interest rate calculation for free?
You could get the calculation of your interest rate in your savings account online. They have calculators online that can help you find your interest rate.
What are the best interest rates on savings in the greater Boston area?
The interest rate on savings is very similar around the country. In Boston the interest rate is .89%
If Jim bought 8000 dollars worth of Canada Savings Bonds and cashed in 12000 dollars 5 years later what was the interest rate paid on these bonds?
According to my calculations the answer is 8.137%.
