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What interest rate do you get on your savings account? email this discussion to a friend?

myLot reputation of 79/100. rjl1989 (144)1 month ago

Please state which country you're from and whether its fixed or variable rate as well.

Im in the UK, and i have 3.25% (variable)

 
 
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tags:  interest rate, banking, savings, saving account, saving
 
1. myLot reputation of 98/100. ronnyb (2301)   1 month ago

Here in Jamaica we get a a rate that varies between three and seven percent but usualy it is closer to the three percent .It is somewhat depenedent on how much money you have,the more money you have the closer you will get to the seven percent


myLot reputation of 89/100. clorissa123 (3513)  1 month ago

wow, that is something new, and I never heard before. In the states here, the interest rate getting lower and lower. They just want to help the real estate industry, and the people struggling to survive under mortgage. So, that is the case here.

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2. myLot reputation of 89/100. clorissa123 (3513)   1 month ago

In states here, the saving account interest rate is close to%0, or nil. Can you believe it? Because they keep on lower the interest rate, and we just waste our time to deposit the money to the saving account. We don't have greater return from it. So, maybe the community banks have better option than the mega giant banks.


myLot reputation of 79/100. rjl1989 (144)  1 month ago

I imagine you can find at least 2% in the US, as the base rate here is 0.5% and over 3% is possible with the best paying accounts

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