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When you are choosing which bank to start a savings account with, how their savings rates compare with one another is one of...
When you are choosing which bank to start a savings account with, how their savings rates compare with one another is one of several factors to consider. Interest rates for most savings accounts are not that great. The average account will barely grow from one month to the next. Dig deeper and you learn how to make your money grow. For one thing, is this going to be an active savings account? The way savings rates compare is insignificant if you are only managing to make pennies yearly on every dollar. This is the result when you are constantly taking...