savings interest
Bank account growth
Savings interest is the money a bank pays you for keeping funds in a savings account.
The bank uses your deposited money to make loans to others, and in return pays you a percentage of your balance: The savings interest on my account barely keeps up with inflation.
Rates vary by institution and account type.
- depositPlace for safekeeping
- compoundCombined into one
- APYAnnualized compounded interest rate
- yieldProduce or relinquish
- rateMeasured speed or charge
account · bank · money in the bank · CD · certificate · term deposit · accrual · earnings · return · balance · maturity · passbook · dividend · growth · nest egg · rainy day fund · accumulate · percentage
- investment taxescapital gains, capital gains tax, dividends, investment income, capital losses
- investment returnsrate of return, dividends, ROI, capital gains, returns
savings interestloan interest
Fee for borrowing funds
borrowing costs · mortgage interest · credit card interest · debt interest · finance charges
savings interestbank fees
Costs for account services
account fees · service charges · maintenance fees · overdraft fees · early withdrawal penalty
savings, interest, save, saved, saving, saver, savers, saves, savable