How much interest is earned on a savings account?

Answer The interest offered on savings accounts changes over time and varies from bank to bank. In late 2009, interest rates on most savings accounts were in the range of 1.0 to 2.0 percent.Source:Bankrat... Read More »

Top Q&A For: How much interest is earned on a savings account

How do I calculate the interest earned on a savings account?

Dividing the Annual RateCalculate the periodic interest rate on the savings account by dividing the annual rate by the number of times interest is compounded per year. Most savings accounts compoun... Read More »

How much interest does one typically get from a savings account?

According to the Bankrate website, the average percentage yield for savings accounts in June 2010 ranged from 0.10 to 1.40. Typically, the best interest rates for savings accounts are offered by on... Read More »

How do I calculate daily interest earned on a checking account?

Calculate Daily RateDivide the annual interest rate on your checking account by 365 to calculate the daily interest rate. For example, if the annual rate was 1.25 percent, the daily rate would be a... Read More »

How to Calculate Daily Interest Earned on a Checking Account?

Some banks and financial institutions offer interest on checking accounts as an additional incentive for people to select them for their banking needs. Typically, checking accounts offer lower inte... Read More »