Posts tagged Bank Interest
How can the bank pay for the interest?
Jan 20th
Let’s say that I have $100 in my bank account, and the yearly interest is 5%. Which means that in two years, I will have $110. Am I correct? The question is, where does the extra $10 came from, and who pay for it? $10 doesn’t seem to be much, but when it comes to Bill Gates’s account; who pay for that money?
By: Birdpoo
About the Author:
By: Birdpoo
About the Author:
What is the best bank in the Philippines with good interest rate for an individual like me?
Jan 1st
demented_interloper asked:
I plan to save some of my salary to a joint account with my girlfriend and another personal account with atm for my personal needs. What is the best bank for both of my needs?
I plan to save some of my salary to a joint account with my girlfriend and another personal account with atm for my personal needs. What is the best bank for both of my needs?
I’m thinking of BDO and BPI since they are one of the largest banks in the country right now.
Please help me make the right decision. Thanks!
What bank is giving the best interest rate these days? What are the options out there?
Sep 23rd
What’s the best interest rate on a regular savings acct these days? what the bank?
CDs are horrible… but if you know of any other banking high interest stuff, feel free to share.Submited by:Doubledown
How much a bank can pay me for interest in a 100k balance?
Aug 23rd
GO asked:
I’m planning to sell my house for around $130K and was thinking opening an account that pays me interest (Capital One banking for example is at 4.30 apy)
I’m planning to sell my house for around $130K and was thinking opening an account that pays me interest (Capital One banking for example is at 4.30 apy)
I want to know how this work with any bank, do the interest accumulates monthly or once a year. How much interest should I get and how is calculated?