You can apply for a Regular Saver via our App or Online Banking, and we'll get you set up within 3 working days. This account is only available to first direct 1st Account customers. Find out more about our 1st Account. Our Regular Saver gives you a 7.00% AER/Gross p.a.
Latest Savings Account Interest Rates Up To 7% p.a. IndusInd Bank.
Although no savings accounts pay 7% right now, there are plenty that pay high rates on your entire balance. The following accounts are great alternatives to Landmark's checking account, and they don't make you meet requirements every month to earn their high rates.
So, if the interest rate is 6%, you would divide 72 by 6 to get 12. This means that the investment will take about 12 years to double with a 6% fixed annual interest rate.
Bandhan Bank is a leader among private banks, offering 8.05% interest for 1-year fixed deposits. RBL Bank offers 8.00% on FDs with a tenure of 500 days, ensuring that medium-term investors also get good returns.
While there aren't any financial institutions paying 7% on a CD right now, there are other banks and credit unions that pay high CD rates. Compare today's top CD and savings rates.
At present, there aren't any banks offering 7% APY on savings accounts. If you're looking for maximum returns from a bank, the best you can hope to earn is in the range of 4% to 5% on a high-yield savings account (HYSA), certificate of deposit (CD), or money market account (MMA).
With £50,000 in Chase Saver with Boosted Rate's easy access account paying 5%, you could earn £2,500.00 over a year, or £208.33 per month.
Best regular savings accounts
First Direct doesn't only pay the best rate, but it also allows for the biggest monthly deposit. This means if you're purely looking for the highest return each month from a regular savings account, you won't find a better offer than First Direct.
While longer-term CDs may tie up your funds for years, a 6-month CD allows you to access your money relatively quickly. If you suddenly need your $5,000 for an emergency or a more lucrative investment opportunity arises, you won't have to wait years to access your funds without incurring hefty penalties.
The current top rate for regular savers open to all is offered by Principality BS at 8% fixed for six months.
Which bank is giving 9.5% interest on FD? Airtel Finance is in partnership with multiple small finance banks and NBFCs. They offer fixed deposit interest rates of up to 9.5% per annum, which is among the highest in the market.