THE BEST HIGH INTEREST SAVINGS ACCOUNT (PHILIPPINES) | BDO | BPI | SECURITY BANK|CITIBANK| ING |CIMB
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In this video I talked about the high interest savings account here in the Philippines ( bdo optimum savings | bpi advance savings | security bank e secure savings | citibank peso bonus saver | ING maximiser | CIMB Upsave) hope this video helps you!
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Savings Account Interest Rate: Why Is It So Low? (The Truth!)
➡ Best High Yield Savings Accounts https://www.thesimpledollar.com/banking/checkingandsavings/besthighinterestsavingsaccounts/?utm_source=youtube\u0026utm_medium=video\u0026utm_campaign=banking\u0026utm_content=QarF54qBqiM
In this video Mike explains the savings account interest rate and why they are so low at the moment. For instance, interest rates on many savings accounts right now are around 0%. Even if you get a high yield interest savings account or a CD (certificate of deposit) the interest rate is around 1% at maximum. So then, who’s the blame. The answer is the Federal Reserve. By keeping the federal funds rate artificially low they are driving down interest rate on everything from mortgages to auto loans and CDs to savings accounts. Why is this happening? The short and quick answer is that the Fed wants to spur demand for assets such as homes and drive investors into riskier assets that usually have a higher yield such as equities in the stock market. Obviously, it’s much more complicated than this since the Fed, and other central banks, are also engaging QE, or quantitative easing. This further further drives down rates, thus making the interest earned on most savings accounts basically meaningless.
Video Host Mike Adams:
∎ RELATED CONTENT ∎
Why Are Savings Account Rates So Low?
Savings Accounts vs. CDs vs. Money Market Mutual Funds:
Which Type of Bank Account Is Best For Your Money?
Savings Account as Investment:
∎ CONNECT WITH US ∎
∎ TIME STAMPS ∎
0:00 Video Overview
0:48 How It Used To Work
1:34 Interest Rates Nowadays
3:07 Why Rates Are So Low!
5:13 The Federal Reserve
8:03 Will It Ever Change?
8:48 What Should YOU Do?
9:43 Our Advice
∎ CREDITS ∎
Much of the footage in this video has been provided by Storyblocks and Getty Images.
savings bank accounts with higher interest rate | സേവിങ്സ് ബാങ്ക് അക്കൗണ്ടിലെ പലിശ നിരക്കുകൾ
which bank gives the highest interest rate on saving accounts in India? watch this video
All major banks in India and the latest savings banks account interest rates
Major Small finance banks and their savings banks account interest rates
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How do banks calculate interest on your savings a/c? | Savings Account Bank Interest Calculation
Earlier banks used to pay an interest rate of 4% p.a. against the lowest available balance in the savings account between the 10th and final day of a month. Any deposits happening during this period were not eligible for interest rate calculation of that month, but at the same time, withdrawals during the period were taken into account.
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Best Savings Account 2021
Best Savings Account 2021 check out this video for my picks! After researching over 70 different financial institutions one by one, today I’m giving you my top 5 options for savings accounts in 2021. I’m also going to tell you about 4 other savings accounts you may be interested in, if you enjoy playing the game and adopting new technology. And I’ll also tell you about one bank that made me chuckle.
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