Financial Information
what would be the interest on a passbook savings account for three years? and what would be the interest on a?
Question : what would be the interest on a passbook savings account for three years? and what would be the interest on a?
statement money market deposit account for three years?
passbook savings account
Best answer:
Answer by AmusedOne
Go to bankrate.com to check out the local rates.
There may also be some pretty good links on
http://www.advancedwealthsolutions.com
Savings accounts range from under 1% to 5% at some banks and credit unions. This rate varies though, and would not be guaranteed for 3 years or even 6 months.
I have not heard of the statement account, there are certificates of deposit (CDs) that do have defined terms to get the rate (from 3 months & up usually in 3 month increments) but strangely, these rates are currently not much more than the 4.5 % to 5% available now on regular savings accounts . . . go figure !
& for some reason bankrate does not list the regular savings rates like at ING or CitiBank so
http://www.ingdirect.com/osa_work/ 4.4%
https://web.da-us.citibank.com/cgi-bin/citifi/portal/ps/detail.do?M_M=S&BS_Id=eSavings 5%