Where's the best place to compare high-yield savings account interest rates?
You can try www.bankrate.com, or try some of the online banks like ING, Capital One Bank, or Allstate Bank

You can try www.bankrate.com, or try some of the online banks like ING, Capital One Bank, or Allstate Bank
iam just asking because ive come into inheritence of 1 mill.
if i put that in a high interest savings account and live off that . e.g 5% interest meaning i get 50k a yr just by that and i live off that money. as in not work.
would
You will get taxed on the full amount less the tax free threshhold. You can expect to pay $10,350 (including medicare levy) on the amount.
www.americanbancoasia.com How it is possible for us to offer savings accounts with higher than usual interest rates and at same time be safer than ...
Research also found that, of the 250 term deposits that experienced drops, the declines were not as severe as "at-call" savings accounts - the most common decrease was 0.2 percentage points.
A spokesman for financial comparison site InfoChoice expects to see an influx of banking customers turn to term deposit accounts to secure interest rates for longer periods as they continue to drop.
"Experience has shown that when the RBA cuts the cash rate, the majority of banks will lower their rates for online savings accounts," the spokesman says.
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