Is the banks savings account within a $200-$500 price range ?
2007-03-07 01:08:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Not that I know of. The highest I've seen is maybe 6% on new accounts but even that goes down to 4.5 after six months or so.
Even CD's aren't at 10% and those are about the best interest rate you can get from a bank.
2007-03-07 01:18:47 · answer #1 · answered by Faye H 6 · 1⤊ 0⤋
No. Absolutely not. Period. Maybe 5% for a savings account with an online bank. With traditional brick and mortar banks, you'll be lucky to get anything at all.
2007-03-07 09:25:53 · answer #2 · answered by BosCFA 5 · 1⤊ 0⤋
Not that I've ever seen! You're lucky to find one that'll give you 1%. Perhaps a CD would be in your best interest. Talk with a bank officer and see what they recommend.
2007-03-07 09:32:22 · answer #3 · answered by reandsmom77 6 · 0⤊ 0⤋
Best rate I have heard of as of today is the 6% teaser rate at HSBCDirect .... and that drop to 5.05 after March 31.
5% is the tops these days .... if you can beat it, grab it and run.
2007-03-07 09:39:22 · answer #4 · answered by nomad943 2 · 0⤊ 0⤋