Question

Survey of various types of bank accounts and the rate of interest offered

Answer 1

Thank you for asking this question from us. There are different type of bank accounts offered in different banks, However, a few of them with the rate of interest are as following:
1) Checking accounts - the interest rate is below 1% and sometimes very close to zero.
2) Certificates of deposit - the interest rate is between .75% and 2% and the highest could be 2.5%
3) Savings accounts - they offer very low interest rates which ranges between 1% - 2%.