For the emergency funds savings, the bank pays about one percent interest on each account. Unless, the money moves in or out of the accounts then the bank will not charge any interest. A balance over 25 thousand dollar the bank pays interest rate of 1.25 percent. However, any balance less than 25 thousand dollars earn only .2% interests. The highest rate of interest earn in an account is 2.5% but to get it you have to make a deposit for six straight month.
By investing more money into the bank account, the interest rate increases. Therefore, you earn more interest and money. Interest rate is always measure by yearly. Notice that each banks have different interest rates. Some bank do gives you charges.
According to Kiplinger’s Personal
By investing more money into the bank account, the interest rate increases. Therefore, you earn more interest and money. Interest rate is always measure by yearly. Notice that each banks have different interest rates. Some bank do gives you charges.
According to Kiplinger’s Personal