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Week 5 DB: High-Yield Savings It's one thing to work with decimals. It is another...

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Accounting

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Week 5 DB: High-Yield Savings It's one thing to work with decimals. It is another to work with percent. Imagine both. When I went to the bank (Chase "Oh, how you hate me so"), I found that they offer 0.01% interest on your savings account and checking account monthly. However, Ally bank (an online bank) offers between 0.80% 1% on savings monthly. a. Why do you feel banks can offer rates such as these and b. How do you feel about the percentages of interest these C. Look at one other bank (online or on-site) that has NOT maintain a well-run business? banks offer? been shared yet by your classmate and talk about how that bank compares to Chase and Ally. d. Between Chase, Ally, and the one you found, how easy is it to decide which bank is best

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