Comments on: How much a bank can pay me for interest in a 100k balance? http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/ Banking articles Mon, 08 Dec 2008 07:25:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: SDD http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/comment-page-1/#comment-90 SDD Fri, 03 Oct 2008 01:48:18 +0000 http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/#comment-90 Today the best rate for immediate access accounts is at Countrywide Bank. 5.3% APY. FDIC insured up to $100,000 per individual -- $200,000 joint. Interest is accrued daily and paid monthly. You can open an account online or at the Countrywide offices that are on most major cities. Coutnrywide offers 6 month CDs that pay a sightly higher rate if you choose to. Today the best rate for immediate access accounts is at Countrywide Bank. 5.3% APY. FDIC insured up to $100,000 per individual — $200,000 joint. Interest is accrued daily and paid monthly. You can open an account online or at the Countrywide offices that are on most major cities. Coutnrywide offers 6 month CDs that pay a sightly higher rate if you choose to.

]]> By: s and d e http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/comment-page-1/#comment-89 s and d e Thu, 02 Oct 2008 08:37:53 +0000 http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/#comment-89 don't use capital one bank. your best best is to go to a brokerage firm and get a money market acct. that is an acct which draws interest and you can write checks on it (albeit a certain # of checks) without penalty. it will draw more interest than a standard interest bearing checking acct or cd. i personally would never use a HUGE bank like capital one bank-or a bank that is connected to a credit card, such as captial one. don’t use capital one bank. your best best is to go to a brokerage firm and get a money market acct. that is an acct which draws interest and you can write checks on it (albeit a certain # of checks) without penalty. it will draw more interest than a standard interest bearing checking acct or cd. i personally would never use a HUGE bank like capital one bank-or a bank that is connected to a credit card, such as captial one.

]]> By: Matt K http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/comment-page-1/#comment-88 Matt K Wed, 01 Oct 2008 06:47:03 +0000 http://banking.easyhomearticles.com/how-much-a-bank-can-pay-me-for-interest-in-a-100k-balance/#comment-88 First, I would recommend using an online savings bank such as Emigrant direct - currently 4.65% APY. They calculate interest on a monthly basis, and you receive the interest credit into your account at the end of your statement cycle each month. On 100k, assuming rates stay around 4.65 - which they probably won't b/c most investors say they will decrease more this year - then you would get close to 5K of interest income over a year's time. First, I would recommend using an online savings bank such as Emigrant direct – currently 4.65% APY.

They calculate interest on a monthly basis, and you receive the interest credit into your account at the end of your statement cycle each month.

On 100k, assuming rates stay around 4.65 – which they probably won’t b/c most investors say they will decrease more this year – then you would get close to 5K of interest income over a year’s time.

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