All about savings account interest rates
Savings accounts are basic bank accounts designed to park your money and provide fund access for daily expenses. To cope with inflation and grow wealth, banks also offer savings account interest rates that keep your money from devaluating every passing year.
The interest rate on a savings account varies depending on the banks. Moreover, online savings accounts offer high-interest rates due to ease of operation and several other factors. The article below gives an insight into savings account interest rates.
Understanding the interest rate on savings account
A savings account is a banking product helping you to save and grow your monies over time. When you open a savings bank account, the bank offers an interest rate at a fixed interval which can be on a quarterly, half-yearly or annual ...