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  2. Which Bank Gives 6% Interest on Savings Accounts? - AOL

    www.aol.com/bank-gives-6-interest-savings...

    Final Take. Today’s economic climate of high-interest rates benefits savers by helping their money grow faster. Finding a financial institution that offers 6% interest on savings accounts can ...

  3. Savings interest rates today: Boost your savings higher ... - AOL

    www.aol.com/finance/savings-interest-rates-today...

    If you left your account as is for another year, you’d have earned another $309 in interest — $300 on your initial deposit and another $9 on the interest reinvested from year one — for a new ...

  4. Which Bank Gives Nearly 6% Interest on CD Accounts? - AOL

    www.aol.com/bank-gives-nearly-6-interest...

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  5. Money market fund - Wikipedia

    en.wikipedia.org/wiki/Money_market_fund

    [6] Money market funds in the United States created a solution to the limitations of Regulation Q, [7] which at the time prohibited demand deposit accounts from paying interest and capped the rate of interest on other types of bank accounts at 5.25%. Thus, money market funds were created as a substitute for bank accounts.

  6. Effective interest rate - Wikipedia

    en.wikipedia.org/wiki/Effective_interest_rate

    For example, a nominal interest rate of 6% compounded monthly is equivalent to an effective interest rate of 6.17%. 6% compounded monthly is credited as 6%/12 = 0.005 every month. After one year, the initial capital is increased by the factor (1 + 0.005) 12 ≈ 1.0617. Note that the yield increases with the frequency of compounding.

  7. Savings interest rates today: Bank smarter and grow your ...

    www.aol.com/finance/savings-interest-rates-today...

    Saving accounts earn you interest on your balance — anywhere from a modest 1% APY with a traditional account to a lucrative 4% APY and higher for high-yield accounts — compounding what you ...

  8. Annual percentage rate - Wikipedia

    en.wikipedia.org/wiki/Annual_percentage_rate

    The APR can also be represented by a money factor (also known as the lease factor, lease rate, or factor). The money factor is usually given as a decimal, for example .0030. To find the equivalent APR, the money factor is multiplied by 2400. A money factor of .0030 is equivalent to a monthly interest rate of 0.6% and an APR of 7.2%. [14]

  9. Savings interest rates today: Pump up your money with the ...

    www.aol.com/finance/savings-interest-rates-today...

    If you left your account as is for another year, you’d have earned another $309 in interest — $300 on your initial deposit and another $9 on the interest reinvested from year one — for a new ...