Answer to Question #96757 in Financial Math for Joseph

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What is a quick way to determine which savings account will pay the most interest?

Answer 1

We need to explain quick way to determine which savings account will pay the most interest

Actually, Saving Accounts help us to grow our savings. Different banks pays different rate of interests.

Any Account follows these below things, That account would be max interest paying account.

1). Increment in the balance of the account

2). The maximum length of the time

3). Small institutional banks can offer higher rate of interest comparing with the

megabanks.

At some banks, you can qualify for the best savings account rates simply by depositing more.