Jo
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That is pretty typical. Once you get a substantial amount of money saved up, look for one that has a better percentage (ING, Wamu, etc.). |
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do you know me?
|
Thats normal for a savings account, honestly it doesnt add up quickly but it's a great start |
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Megan
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that's good for a reagular savings account, alot are just .01% |
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5324
 |
Congratulations!
The interest rate is usually low for savings accounts.
To compare rates go to www.bankrate.com
CDs or Money Market Accounts, which usually require a minimum deposit, tend to have higher interest rates. |
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notformeanymore
 |
that sounds good to me? |
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Larry
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It's not great |
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dragonslayerdarthvadermanattacks
|
wow! that's good |
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JeffyB
 |
I think you mean ".025%". That is bad. |
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gregory_dittman
|
It's very good for a savings account. You have to remember that inflation and taxes eat worth. Inflation works differently for different products, but on average you will be losing about 4% worth per year even though the amount might be growing from the interest. |
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{[Mz.Queen]}
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It suckz the bank gives u so little |
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Theo
 |
That is the standard interest rate. If you but your money in an IRA account you can earn more. |
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jasonandthe1ball
|
That's...horrendous. If it's your first savings account that probably means you don't have that much money so I wouldn't worry about it. Once you accrue a few thousand, if you don't want to invest it (depending on your age and financial situation, it might be a good idea) then open up an Orange Savings account at ING at about 4.5% and save save save. |
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Squeeky [Wind Maker]
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Well, sit depends on if you are paying the monthly interest or you are recieving it. If you are paying it, then that is REALLY good! If you are recieving that .25, then that is also very good, so either way, that is AWESOME! =] Good for you! |
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Locked & Loaded
|
For a regular savings account you won't get much interest on your money. If you had enough money to invest into a money market account, the interest would be around 5%, but the account has to have a minimum of $2,500 in it and you can't touch it for 6 months. |
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nighttime_ran
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Sure for every dollar you put in you will receive a quarter at the end of the year. |
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jwishz
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That equals 3% a year. There are other places that pay more, for example, e-trade pays a little over 5%.
Their address is www.etrade.com
No minimum deposit and you don't have to tie your money up
You might want to reconsider |
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Josh B
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it's the normal thing |
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Greenbay All the Way!!!!!
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that is good for a savings account |
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Chadsky
 |
Just as long as you don't take from it. It's not the best rate of return but pretty average for a savings account. Remember, compound interest is your friend. |
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james b
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its aight you just started keep your credit good thats how youll be able to get whatever you want without having a problem |
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