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  2. What are the best high interest rates on savings accounts ...

    www.aol.com/news/best-high-interest-rates...

    If you prefer a bigger name bank, Virgin Money pays 4.51% and you can have three withdrawals a year without incurring a penalty, while Leeds Building Society offers 4.4% with the interest paid ...

  3. Money market account - Wikipedia

    en.wikipedia.org/wiki/Money_market_account

    A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets. [1] The interest rates paid are generally higher than those of savings accounts and transaction accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.

  4. Deposit account - Wikipedia

    en.wikipedia.org/wiki/Deposit_account

    This allows providers to earn interest on the asset and hence to pay interest on deposits. By transferring the ownership of deposits from one party to another, banks can avoid using physical cash as a method of payment. Commercial bank deposits account for most of the money supply in use today. For example, if a bank in the United States makes ...

  5. How to find and open a high-yield savings account - AOL

    www.aol.com/finance/how-to-open-high-yield...

    Utility bill, lease agreement or other document confirming your current residence. ... Say you invest $10,000 in an account that pays 5% interest. After one year, you’d have earned $500 in ...

  6. Savings interest rates today: Best accounts still paying out ...

    www.aol.com/finance/savings-interest-rates-today...

    Let's say you invest $10,000 into an account that pays 3% in simple interest. After three years, you’d have earned $900 in interest — $300 each year — for a total of $10,900 in your account.

  7. Transaction account - Wikipedia

    en.wikipedia.org/wiki/Transaction_account

    A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share account at credit unions, is a deposit account or bank account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the ...

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