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 What is the best high interest savings?

Answer On One Hand: Certificate of Deposit has high interest.A certificate of deposit (CD) is a savings certificate that acts as an agreement between yourself and the bank. It allows the bank to hold use ... Read More »
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Top Q&A For: What is the best high interest savings

Is savings interest taxable?

The Internal Revenue Service considers interest on savings accounts as taxable income. You will generally receive form 1099-INT from your bank or financial institution as to the amount of interest ... Read More »
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Is interest from IRA savings taxable?

Interest in an IRA is not taxable as long as it remains in the account. However, if the money is in a traditional IRA, or if it is being withdrawn early from a Roth IRA, the money will be taxable w... Read More »
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What was the savings interest rate in 2002?

Savings accounts at banks were paying an average of 1.14 percent interest in mid-2002, according to data from Bankrate.com, and reported by CNN/Money. Money market accounts also paid just a bit mo... Read More »
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What Type of Savings Account Would Have the Most Interest?

Online banks commonly offer highly competitive interest rates on savings accounts. Online banks have reduced overhead costs compared to the costs associated with operating a physical bank location.... Read More »
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