How much interest does a typical HSBC student savings account  usually yield?
541812
*$3.00 monthly administration fee.\n*Interest calculated on daily closing balance paid monthly.\n*Interest rate for corresponding balances\n0.10%  Over $25,000+         \n0.05%  Between $5,000-$24,999 \n0.00%  Between $0-$4,999
97461
Banrate.com is a good source for info. I also use ING Direct, the Orange Account is currently paying 3.8% (4.25%) on new deposits through May, I belive). I also hear good things about HSBC Direct.
55510
I haven't had 1st hand experience with a personal account at HSBC but many of the physician at a medical group client swear by it. \n\nIn general I live by the "if its not broken don't fix it rule". If you found a bank that gives you good service and a decent return stick with it. Unless you're parking a large amount of money an extra .25% someone else may offer isn't worth the potential headaches. Then again if you're parking a large amount of money there are better places to park it than a savings account.
1155635
Stay away from stocks or mutual funds for now. Put your money in a bank account. Most savings accounts are paying 2%-3% interest--- not a lot. But you need to have the money available to you in case of an emergency.
84599
Interest is quoted as annual rates, so 5% a year would be 5/12% per month, or 0.4167%.  We were talking about $100,000, so it would be $416.70 interest.  \n\nHowever, unless the interest is paid to you in the form of a check, it is probably compounded.  The second month the interest would then be paid on $100,416.70.  Also, interest is sometimes compounded more or less frequently than once a month.  Some banks go as far as to compound daily.  That is done with a computer, not a pocket calculator!\n\nI assumed the question was about earning interest, not a loan, because the figures are more realistic that way.
1139097
Your math is correct but you have to remember that all rate are on annual basis. That means that if you invest 5000.00 for one year you will earn $27.00 after one year with 0.55%. \n\nThe difference between Money market account and saving account is following.\n\nMoney Market:\n\n-Ussualy requires higher minimum balance\n-You are limited to amount of withdraws (6 per month out of the six 3 can be checks)\n- Some Money Market accounts may not br FDIC insured\n\nSavings account:\n\n-Lower balance\n-Lower interest\n-Lower monthly fee if account is uder minimum balace\n-you can make up to 6 withraws per month no checks\n\n\nSome other regulations apply.\n\nHope this helps. If you need more info let me know.
83403
its 27% normaly(ie double ur money every 3 years).. here in the indian stock market.. and if u invest intelligently.. and the way the markets have been moving.. over the last 2 yrs.. u can expect to double ur money every two years!
1046223
hsbc is not just an online bank, it has branches all over the world, 9500 offices in 76 countries, it was founded from 1865 pay more attendance the next time you step outside :)\n\ntheir online savings acount is great, 4.8%.  it takes 3 business days to complete the transaction.  so if you have to transfer money, do it before wednesday, otherwise, you'll have to wait until the following week
89979
Some passbook savings accounts pay as low as 0.5%. The average money market savings account rate as of today is 2.92%, but I don't believe there is any regulated 'minimum.'
450896
I heard if you put 1 mil in a savings account, you get a much higher interest rate, like 10%.  So I would put it in the bank and live off the interest.
895541
I have an account with ING direct, but I've since abandoned it in favor of Emigrant Direct and HSBC.  I was very pleased with ING, but their interest rate on savings is no longer competitive.
370585
For checking accounts, typically nothing or next to nothing.  For savings account, anywhere from 1% to 3%, depending on the amount of money in the account.  You probably need at least 100k to get the full benefits of high interest.  The smaller banks have to give higher rates to attract customers from the bigger banks.
553933
It a differences between the yield and(what you make and) in it some may be 4.5 percent or 4.0 percent and how much you paid to have this account.
726889
they give you a year after graduating to start making payments. That's if your over the earns threshold of about £10,000 a year.\n\nYour employer will be contacted and they will automatically take it out of your wages, this payment will be marked on your payslip each month.\n\nInterest has been added since the loan was first taken out at the start of your course so expect it to be more than you have spent.\n\nYour overdraft and credit cards have to be paid back as soon as possible, for example my student account at HSBC has an overdraft facility of up to £1,500 and at least £500 has to be paid back in your first year out of uni and the rest is to be paid back the following year.
799265
i regularly save with our credit union, the interest is 12% APR, which may seem high, but its 1% a month... your credit card is 3% and you can get an usecured loan upto 3x the ammount youve got in your account. \n\ngetting at yur money is easy enough, you fill in a form on monday, and they issue me a cheque on thursday..all i have to do is go to the bank and they give me the cash... its great for buying stuff on your credit card... buy it on monday with your card, get a loan on thursdday pay the card off (no interest) and you got 2 years to pay it back.. \n\nit was primarily designed to keep those on benefit out of the loan sharks office... but ive used it to buy plant and machinery. \n\noh, and if you miss a payment they dont send snotty letters or jack the service charges ontop.. \n\nto borrow 1000 cost you 1130 ish...
591006
Since the average rate of a money market account is about four percent (4%) you take your balance and multiply it by 0.0033 to get the monthly earnings on your deposit.  Or if you plan on getting a different rate just divide the rate by 12 and then multiply that times your balance to get the monthly amout of interest.  For example:  $1,000 at 4% would get you $3.33 a month or $40.00 a year ($1,000 * .0033 = $3.33)
968929
The shorter the interest term the faster it grows as the principal grows more quickly so you get more interest on your interest\n\nFor example lets look at the interest gained over 1 year on an interest rate of 12% per annum\n\nYearly: Well at the end of the year A = 1.12*P\nSo interest gained = 1.12*P - P = 0.12*P\n\nHalf Yearly: Well at the end of the year A = (1.06)*(1.06)*P (because the interest is applied each 6 months\n= (1.06)² * P\n= 1.1236*P\nSo interest gained = 1.1236*P - P = 0.1236*P > 0.12P\n\nQuarterly: Well at the end of the year A = (1.03)*(1.03)*(1.03)*(1.03)*P \n= (1.03)^4 * P\n≈ 1.1255P\nSo interest gained = 1.1255*P - P = 0.1255*P > 0.1236P\n\nMonthly: Well at the end of the year A = (1.01)*(1.01)* ... *(1.01)*(1.01)*P \n= (1.01)^12 * P\n≈ 1.1268P\nSo interest gained = 1.1268*P - P = 0.1268*P > 0.1255P\n\nDaily: Well at the end of the year A = (1.0003288)*(1.0003288)* ... *(1.0003288)*P \n= (1.0003288)^365 * P\n≈ 1.1275P\nSo interest gained = 1.1275*P - P = 0.1275*P > 0.1288P\n\nNow while it may not sound like much over 1 year over 20 years it can become significant\n\nJust quickly over 20 years\n\nYearly: Interest = ((1.12)^20 -1)*P = 8.6463*P\nHalf Yearly: Interest = ((1.06)^40 - 1)*P = 9.2857*P\nQuarterly: Interest = ((1.03)^80 - 1)*P = 9.6409*P\nMonthly: Interest = ((1.01)^240 - 1)*P = 9.8926*P\nDaily: Interest (using 365.25 days per year to account for leap years)= ((1.0003285)^365.25*20 - 1)*P = 10.0154*P