How do i compare interest rates on saving accounts?
Compare interest rates on savings accounts by calling around to local lenders for interest rate quotes. However, ask for more details than simply the interest rate. Other factors are highly important, such as minimum account balances and check writing privileges. Also, ask for the fees associated with the account as well. Some savings accounts only allow the owner to write three checks per month or three-month period and only allow the same number of deposits during that same period as well. Take notes for each option and compare fees, minimum account balance requirements and withdrawal and deposit options.
