What is the average interest rate that your bank give you for leaving money there?

What is the average interest rate today (or your interest rate) that the bank gives you for leaving money in there? Also, is the interest compounded?





Sorry, simple questions that I should know. I'm just trying to get a good idea of what they are to get a good understanding of it.|||You have to contact the bank. Right now, interest rates are extremely low. So low in fact, that it's hardly worth considering unless you just want to save money.|||depending on the type of account. For regular interest checking or a simple savings account it is usually .25% to 1.5%. That is only 1/4 of 1% not much savings there and if the bank charges a fee for the account, you are paying them money to leave it there.