Bonus Interest
Many savings accounts offer bonus interest to help you save money, which is a rate on top of the base interest rate. Bonus interest provides an incentive for savers because it usually comes with conditions and restrictions. These can include a certain amount of money must be deposited into the account each month or a limited number or no withdrawals are to be made to qualify for the bonus interest. Bonus interest is also used as a marketing strategy to lure customers to sign up to the account but offer the bonus interest for a limited time. Make sure you check the base rates and bonus interest conditions when comparing savings accounts.
The table below displays todaya??s highest interest rates for online savings accounts.
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