9 banks offering 7% to 7.50% interest rates on savings accounts in 2022
Opening a savings account is the first thing you should do at the start of your financial journey, as it offers adequate liquidity, deposit security and suitable interest rates. Savings account interest is usually calculated daily based on the total amount in the account at the end of the day and paid quarterly. Your first step in wealth management that meets all of your individual banking and financial requirements is through a savings account. A debit card, low monthly balance threshold, high interest rates, attractive cash back and rebates, amazing rewards against debit card transactions and many other benefits come with savings accounts. Besides these key benefits, a savings account also allows you to earn interest on the money you deposit and allows you to make free withdrawals when you need them, making it a good choice for goals. short term. For those who want to open an interest-bearing deposit account, here are the banks that are now offering interest rates of up to 7.50%.