Best Savings Account Interest Rates in The World
The best savings account interest rates are not located in the USA, and the rates offered by these banks can be incredible. The highest interest savings account will offer you the best return for the money you save, and should also have no risk of any losses. There are several countries which have financial institutions that offer some of the best savings account interest rates, some which are more than six percent at a time when one percent is considered a good deal here in the USA. One of the top rates found is offered by First Direct, and is for existing customers only. The rate given is eight percent for a limited period, but there are many restrictions and rules that must be followed.
One of the best Internet savings accounts is the one offered by UBank, and it is the Usaver Account. This account has a rate of six point five one percent, and there is a maximum monthly interest amount in place with this account. Capitec Bank also has one of the best savings account interest rates in the world, with a rate of six point three percent for a fixed one year term savings account. Offshore savings accounts may offer better rates than local financial institutions, and many Americans are taking advantage of this fact.
One of the best savings account interest rates around the globe is featured by Virgin Money, with their Virgin Saver account that offers a six percent interest rate. Since rates change frequently it is a good idea to check on the rate offered when you open an account, to make sure that you are getting the best one possible. A savings account calculator can help you plan on the savings you can accumulate with various rates, and thanks to the Internet finding the banks which offer the top rates is a global search.