Question

John just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions would enable him to earn MORE interest?

Answer 1

If you want to moving your saving account in higher interest , you have to do some research . Financial Institutions already pay different rates of interest on saving account . That means you need to compare rates of number of banks .

Some banks may offer good rates on saving account and the decrease their rats after few months , so keep in your mind bank can raise and lower rate at anytime.

You should do your research read all the data before opening the account.

Selecting an Account with a high interest rate and leaving his money in the account for long period of time. This is the key to earn more interest on saving account