Customers can view current Chase interest rates for savings accounts by visiting the home page, clicking on the Savings Account link and clicking on the Interest Rates link, states Chase. Chase offers several savings options, including the Chase Savings, Chase Plus Savings and Certificates of Deposi
Savings account interest rates can vary from very low rates at banks, which may have rates as low as 0.01 percent, to higher-yield accounts at online banks, which can be as high as 1.10 percent. Some local credit unions offer significantly higher interest rates on savings accounts, although membersh
As of 2015, the average savings account rate is 0.17 percent, according to U.S. News and World Reports. However, consumers who shop around are often able to find opportunities to earn more on their savings.
In general, internet banks offer higher interest rates on savings accounts than brick and mortar banks due to their lower operating expenses, as stated by Forbes. Consumers should also consider credit unions and prepaid debit cards when seeking the highest interest rates for their money.
Real interest rate is calculated by adjusting for the effects of inflation when compared to the nominal interest rate. The calculation formula is simple, as it only requires subtracting the rate of inflation from the nominal interest rate. The value left after subtraction is the real interest rate.
As of 2015, several banks with the highest interest rates include GE Capital Bank, MySavingsDirect, iGoBanking.com and Barclays Bank Delaware, according to U.S. News Money. To anyone looking for a high-interest savings account, Ally Bank, Bank 5 Connect and Synchrony Bank are recommended as well.
To find the highest savings rate, compare rates with multiple banks and be on the lookout for hidden fees, advises Ally.com. Compare online banks to traditional brick-and-mortar establishments to determine which has the best rates to offer.
The Board of Governors of the Federal Reserve posts the federal interest rate on its website, FederalReserve.gov, as of July 2015. Daily updates of the weekly federal reserve rate are posted each Tuesday through Friday, while the weekly release is posted on Mondays, notes the Federal Reserve.
Interest rates affect a business by forcing an alteration in its financing and its accounts receivables strategies, according to Forbes. When interest rates rise, credit becomes more expensive. When rates fall, credit becomes easier for the business and its customers to obtain.
As of August 2015, EE bonds and I bonds are the only interest-yielding savings bonds that the U.S. Department of the Treasury sells, according to TreasuryDirect. EE bonds provide a higher yield, with a fixed annual interest rate of 0.30 percent.