I'm looking for a bank account with compound interest paying to the account holder? Can anyone help?

Home | Links | Contact Us | Bookmark

Financial Forum Search :

Financial Forum

Investing

Finance Discussion Forum

Advertising & Marketing Corporations Credit Insurance Investing Personal Finance Renting & Real Estate Small Business Taxes Business & Finance

If I had $700 cash on hand, what kind of investment that make fast profit?

...

How do I learn stocks and bonds?

Is that what the DOW and NASDAQ is I always wondered. How do I get learn the business and get rich....

How do i start investing?

want to start in stock market or other money markets can anyone give me some ...

How can I profit from falling stocks?

Technically speaking?...

Just got out of the army 10K to invest (Long term), where? (not 401k)?

...

Do you think the stock market value will continue to drop?

You can just state your opinion but if you have articles or some sort of professional information to back your statement feel free to post the link....

Pls give me some shares market tips for trading?

...

What should i go 4?

maintance technologys and managment..orrr computer ...

I have $2000 per month available which I wan to invest somewhere....?

as to where I can invest it in order to make the most of it. I cannot afford to do anything too risky where I can lose my money. Any suggestions ?...

Is the bailout going to affect the dollar? I mean, is it going to devaluate versus the mayor currencies?

Thank you people, I will appreciate ...

What would you do if you needed $2000 in 48 hours?

My partner and I have a business concept so big that clients are already lining up at our door. We have done our research, we've done our test-marketing.

We have iron-clad case ...

Whats a better business to own a Nightclub or a ShoppingMall? i have around 300K to invest.?

just want yur opinion and why u like yur choice. Thanks....

How can I invest in ethanol?

...

What can I invest in with 100 dollars?

Stocks? If so, where can I learn how to choose good ones?...

Why is it that gold Is so low right Now?

Why would gold be so low right now. What Russia have to do with it if it does and why? Or is there another reason?
Additional Details
Did not mean to give the best answer. But thank you ...

Dividends.?

can anyone tell me if you have shares in a company should you receive dividends. Why i ask is i have shares with a company but have never received a dividend since buying them three years go....

How can a 22yrOld invest $1800? what are some options: mutual funds, stocks, banks, etc?

Also he/she can put in $160 per month more after investment. he/she doesn't own a house and has a very stable job....

What are the best ways to keep your emotions out of investing?

...

Will Dow jones reach 11000 before christmas?

What you guess??? Any serios prediction?...

Whats is the best and most cost effective way to invest $3000 in a mutual fund? Do i need a broker or online?

...

Mobso

I'm looking for a bank account with compound interest paying to the account holder? Can anyone help?

carrysnow

Most banks pay compound interest, but, not all. Be sure to ask about that. For example, ING doesn't compound interest in their savings account.

Check out credit unions since they usually pay higher interest than banks.

Rabbit

I would darned sure hope that they would pay it to the account holder. Here are a couple of links to explore:
http://www.bankrate.com/
http://www4.fdic.gov/IDASP/main_bankfind.asp

oliprofessor

look for an account that calculates interest daily and accrues monthly; it'll be compounded so long as you don't remove any of the earned interest from the account.

akumasan707

Place your money in a "Money Market" checking account. Right now they are paying about 2 - 3%. If you don't need to access your money right away, you can place your money in a CD for 3,6, or 12 months or more. CD's pay a slightly higher rate. Your bank can will offer a table of rates for CD's, just ask.

Good Luck!

jueyanz

All bank accounts pay compound interest, usually accrued monthly. Just set up an account with your current bank and you're all set.

nodamnway

i can help you. contact me through yahoo answers. let me know what your email adress is and i can send you a referral to ING direct. use the link in the email and open a account. you will receive a $25 bonus if you fund the account with at least $250 for over a month. i will receive $10 for referring you. they pay 3% interest right now. i expect rates to go up before long. the savings account compounds interest monthly.

several here have said ing does not compound. this is not true. they do.

this is straight from ING directs FAQ's... Interest on your savings account is accrued daily, compounded monthly and credited to your available balance at the end of each month.

Beau.Gus

Any bank can help you with that. Just open a "Savings Account"....

Formerly known as Frank Castle

Yes.

principles

If compound interest is important to you I'd suggest a credit union rather than a bank. Credit unions usually pay higher interest than banks.

Credit unions may also be more stable since they didn't give out high risk loans like the banks have done in recent years. They aren't taking the big losses in their portfolios.

Plus, not all banks pay compound interest. Call around and ask about rates and compounding before making a deposit.

Edit to add: I've noticed mention of ING. I also have an ING account, but, discovered they don't compound the interest. My credit union accounts with slightly lower interest do better due to the compounding. Stay away from ING if compounding is important to you.

Enter Your Message or Comment

User Name:
User Email:
Post a comment: