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High Interest
Savings Accounts | Top Companies: This Week's Reviews |
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| Services Offered:
High interest savings accounts |
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| Company Overview:
HSBC serves more than 3 million customers and has over
14,000 employees. The company that owns them is HSBC
holdings, and they have more than 60,000 consumer and
business accounts worldwide. They are one of the top 10
financial services organizations in the nation, and they
have assets of nearly $3 billion. |
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| Our Review:
HSBC is a really great company to work with. They
definitely have a great reputation, and they have so
many different products and services to offer, including
high interest savings accounts with no minimum balance
requirements. The website makes signing up easy, which
is great as well. |
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| User Review:
HSBC is probably the best bank I’ve ever worked with.
Sure, they’re a huge corporation, but if I didn’t know
better, they act more like a small town bank. They’re
friendly, their services are great, and they always help
me with all of my needs. |
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WT Direct
PO Box 8895
Wilmington, DE 19889-8895
800-983-4732
Link Pending |
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| Services Offered:
High interest savings accounts |
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| Company Overview:
WT Direct works to provide high interest savings
accounts to customers that have a higher standard of
saving. They pride themselves on one-on-one attention
that they give to clients, and have a call service
available 7 days a week with no automated systems. They
own and operate Wilmington Trust, which was established
in 1903. The company has more than $46 billion in
assets. |
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| Our Review:
WT Direct is a company we haven’t heard of, but they do
have a great website and a great company. The site is
easy to get around, and information is plentiful. Their
high interest savings accounts work just like everyone
else’s, but they are just a different company. Their
reputation really speaks for itself in most cases, which
is just a bonus. |
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| User Review: WT
Direct was referred to me by a friend because I was
looking for a local bank with high interest savings
accounts. Turns out that they have a great product and
their service is always there. I love calling and
talking to a real person rather than wading through a
complicated automated system. |
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| Services Offered:
High interest savings accounts |
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| Company Overview:
Bank of America services more than 59 million consumers
and businesses, and has more than 6,100 banking
locations and over 18,000 ATMs. They opened in 1784 as
the Massachusetts Bank, and have been growing and
expanding ever since. The company provides banking,
lending, and credit solutions for customers in 150
countries around the world. |
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| Our Review:
Bank of America is a leader in consumer lending, so it’s
only natural that they would have a great high interest
savings account. The customer service is outstanding,
the website is easy to use, and the online banking and
signup forms are simple to fill out. |
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| User Review:
Bank of America is really amazing. I have always banked
with them, for everything, and I think I always will.
The products they offer always suit my needs and the
customer service is always really helpful. What more
could you ask for? |
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| Services Offered:
High interest savings accounts |
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| Company Overview:
Capital One was established in 1995. They are now a
Fortune 500 company that offers a variety of banking,
credit, and lending solutions to customers in the U.S.,
Canada, and the U.K. The company currently has over 50
million customer accounts with businesses and consumers
around the world. They offer a variety of services,
including high interest savings accounts, for consumers. |
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| Our Review:
Capital One definitely has made a name for themselves in
the financial services industry. Their high interest
savings accounts are similar to others that you will
find, and signing up is really simple with their form.
The customer service is outstanding, which is just
another reason that you can work with this company. |
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| User Review:
I love the Capital One high interest savings account
that I have. It has so many great features, and they
make managing it really easy with their online programs.
This definitely is one of the best companies I’ve ever
worked with. |
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Other Top Companies for
High Interest Savings Accounts : |
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What Can High Interest Savings Accounts do For You: |
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High interest
savings accounts are quickly becoming a very popular
item in the world of banking and lending. Many different
banks are now offering savings accounts with high
interest to anyone, regardless of their financial status
or the balance of their accounts. Most offer between 2%
and 3% APR to start with, but there is a catch to the
system that involves your balances. Sure, you’re not
required to have a minimum amount in the account, but
you can be sure that you won’t get the highest interest
rate if you have a low balance. For example, if you’ve
only got $200 in the account, you’ll be more likely to
get adjusted to a 1.5% interest rate or thereabouts than
to actually keep the higher APR. However, if you have
$5,000 in the account, you’ll get the higher rate just
because you are viewed as a more valuable customer.
Still, having an account with even 1% or 1.5% APR is
better than any traditional savings account, which
usually tops out around 0.10 or 0.50 percent, which is
not much at all. Every bank that offers these accounts
all come with their own rules and regulations, but they
also have some very standard practices and account rules
that you’ll need to keep in mind. Usually, these will be
things like transfer limits, the amount of times you can
transfer, and which rates you’re eligible for, as well
as how often those rates can or will change. In reality,
high interest savings accounts are still a great asset,
because the rates will be higher than you can get
anywhere else, and saving more is always better than
saving less. High interest savings accounts are
available from companies like HSBC and other well known
banks, but you can also find them with smaller companies
or financial services companies that have gotten into
direct banking more recently like Capital One. It
doesn’t matter which company you work with, as long as
you choose the one that suits your needs best.
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High Interest Savings Accounts : Tools |
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