is .20% intrest rate low for a savings accout?

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is .20% intrest rate low for a savings accout?

i think it is what should i switch to

2007-10-07 14:35:08 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

3 answers

0.20 % is very low .
Many places offer over 4.0% ( 20 times more )
Like ING , Citi eSavings and Schwab .

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2007-10-07 15:07:56 · answer #1 · answered by kate 7 · 0⤊ 0⤋

The account likely charges you more that than in fees! So, in effect, an account that pays only 0.20% is COSTING you money, you'd be better off keeping your money in a jam-jar!

ING is an online bank that offer a no-minimum saving account currently paying 4.30%, check it out here:

2007-10-07 14:53:50 · answer #2 · answered by Anonymous · 3⤊ 0⤋

yes you can get around 5% with hsbc for example.

2007-10-07 14:38:50 · answer #3 · answered by explosurenet 2 · 2⤊ 0⤋