Service Credit Union is another credit union that has a savings account that offers 5% interest. It only earns 5% interest on the first $500 in your account, so keep that in mind. Still, if you and a partner open an account, you’ll have another $1,000 safely earning 5% interest.

Can you earn interest on a current account?

Which current accounts pay interest? Most normal current accounts pay very little or no interest on the money you keep in them. However, certain banks offer high-interest current accounts that can sometimes pay better rates than various savings accounts – especially those with easy access.

How is interest calculated on a current account?

Current accounts generally have two interest rates: one for the interest you earn on your balance, and one for the interest you pay if you go overdrawn. Both of these rates are given as an AER, only one is used to calculate money added to your balance and one to calculate money deducted from your balance. Do current account interest rates change?

Are there any savings accounts with 5% interest?

The Western Union Optional Savings Account is available to those with a Western Union NetSpend Prepaid Mastercard. It rewards you with 5% interest on balances up to $1,000, plus 0.5% on anything over this limit. No fees. Deposit as much or as little money as you’d like into this optional savings account. Decent interest rates.

How can I find out how much interest I am earning on my savings account?

Simply key in the amount of savings you have, your current interest rate and choose the tax status of your account and we’ll calculate how much interest you’ll earn on that amount.

Is the 5% interest savings account with insight dead?

It’s definitely a bummer that the 5% interest savings accounts with Insight are now dead. While there are other super high-yield savings accounts out there, none of them were as easy to manage as Insight. What made Insight particularly good was that it allowed each person to put up to $5,000 in each savings account.