Question
Which bank has the best savings account?
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8th Dec 2009 by Gary
The answer to which bank has the best savings account would be: it depends. It depends upon how much you have to invest, what the rate is if you're allowed to open an account, and what the overall APY is. If you have a significant amount of capital to put in a savings account, then it's simply a matter of choosing the overall highest interest rates available. If you have less money, then you'll need to do a little checking around in order to find the best rates, as some you can get into for as little as zero money, while other take a variety of minimums initial deposits, and in some cases keeping a minimum amount of money in the account to receive the interest rate offered. So the best savings account would be the one with the highest interest rate you can get based upon what you're able to invest at the time.
The answer to which bank has the best savings account would be: it depends. It depends upon how much you have to invest, what the rate is if you're allowed to open an account, and what the overall APY is. If you have a significant amount of capital to put in a savings account, then it's simply a matter of choosing the overall highest interest rates available. If you have less money, then you'll need to do a little checking around in order to find the best rates, as some you can get into for as little as zero money, while other take a variety of minimums initial deposits, and in some cases keeping a minimum amount of money in the account to receive the interest rate offered. So the best savings account would be the one with the highest interest rate you can get based upon what you're able to invest at the time.
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This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
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25th Oct 2009 In Banking
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