Register
“ contact at least three banks in your community. what is the highest interest-rate you can earn on a passbook savings account?”
177k views
1 vote
“ contact at least three banks in your community. what is the highest interest-rate you can earn on a passbook savings account?”

User Artem Russakovskii
by
4.7k points

1 Answer

0 votes

Answer:

The Highest interest rate you can earn on a passbook savings account is 5%

Step-by-step explanation:

According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.

Bank APY

Apple Bank for Savings 0.10

Emigrant Bank 0.40

Investors Bank 0.50

Provident Bank 0.50

Queens County Svgs Bk 0.50

“ contact at least three banks in your community. what is the highest interest-rate-example-1
User PMorganCA
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.5m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
Link Copied!