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You won’t find any 12% interest savings accounts in the US, but some international banks offer CDs with rates of 11% or more. This table highlights some of your options:
Bank name | Account name | APY | Details / Limitations |
---|---|---|---|
Ravnaq Bank | 12-month Time Deposit Account | 14% | Funds must be in SUM instead of USD |
Khan Bank | 365-day, 18-month and 24-month Ordinary Term Savings Account | 11% to 11.6% | Funds must be in MTN instead of USD |
Khan Bank | 12-month, 18-month and 24-month Online Term Deposit Account | 11.2% to 11.8% | Funds must be in MTN instead of USD |
Most 12% interest savings accounts may be off-limits to US citizens. If you find one you’re eligible for, be aware of these risks before signing up:
If you come across a 12% interest savings account that sounds too good to be true, it probably is. Avoid the unnecessary risk by opening one of these alternatives instead:
Use this table to calculate potential interest earnings and sort accounts by APY, monthly fee, and minimum deposit requirements.
Yes, 10% interest accounts do exist. But many are offered by the same international banks offering CDs with 12% APYs or more. These accounts may not be open to US citizens and carry the same risk as a 12% interest account:
Bank name | Account name | APY | Details / Limitations |
---|---|---|---|
Ukrsotsbank | Deposit A-Club | 9.5% to 10% | Funds must be in UAH instead of USD |
Khan Bank | 180-day Ordinary Term Savings Account | 10% | Funds must be in MTN instead of USD |
Ravnaq Bank | 9-month Time Deposit Account | 10% | Funds must be in SUM instead of USD |
Garanti BBVA Bank | e-Term Time Deposit Account | 10% to 11.25% | Funds must be in TL instead of USD |
Prominvestbank | 3-month Term Deposit | 10% | Funds must be in UAH instead of USD |
Before you open up a 12% interest savings account at an international bank, weigh the benefits and risks. You may find that it’s better and safer to open a regular high-yield savings account in the states.
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