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Are there savings accounts that automatically deposit interest on a weekly basis?
Are there savings accounts that automatically deposit interest on a weekly basis?
If someone had a significant amount of liquid assets, are there high-yield savings accounts that automatically deposit interest on a weekly basis? Most people currently use ING Direct, Citibank, Emigrant Savings and other credit institutions to gain monthly interest out of their savings, but I was under the impression that some credit institutions offer special savings accounts for people with enough principal. Is this true?
Answers:
Chosen Answer
Preppy C: Define significant, that can be relative/subjective rather than objectice. And if significant enough then why in a savings account, why not in more attractive option, based on risk tolerance, age, income, objective, etc. Most banks offer certificates of deposit. That's an option with attractive yields now. Bank where your relationship means something, meaning the more of the banks products/services you use and the larger balances, the more the bank rewards you.
2006-08-30 19:14:34
Preppy C: Define significant, that can be relative/subjective rather than objectice. And if significant enough then why in a savings account, why not in more attractive option, based on risk tolerance, age, income, objective, etc. Most banks offer certificates of deposit. That's an option with attractive yields now. Bank where your relationship means something, meaning the more of the banks products/services you use and the larger balances, the more the bank rewards you.
2006-08-30 19:14:34