This is for you: If you're opening a personal or business bank account, thinking of switching banks, or just curious. The interest rate on your account can change over time (they're called "introductory rates" for a reason), so it's important to check every once in a while to see if you're getting a good deal.

Hands-on time: Less than 15 minutes

Total time: Less than 15 minutes

Cost: $0

What you'll need:
An Internet-connected computer
Your user name and password, if you're checking your own interest rate
A phone (maybe)

What to do:

1. If you're browsing interest rates because you're thinking of opening a new account or switching banks, visit Bankrate.com.

• Click on "Checking & Savings"


• Check the appropriate boxes under "Find a Money Market Account/Savings Rate" or "Find a Checking Account."


• Compare interest rates among banks. (If you decide to open an account somewhere, we recommend sticking to institutions with a Bankrate star ranking of three stars or more.)

2. If you're looking for the interest rate at a specific bank, visit their web site.

• Navigate to the type of account you're interested in (checking, savings, etc.).


• Compare products.


• For example: Citibank savings accounts, Bank of America savings and CDs, etc.

3. If you're looking for the interest rate on your bank account, log into your account on your bank's website.

• Look for the account interest rate, often expressed as an Annual Percentage Yield, or APY. You may be able to find it on your main account page, or you may have to view a recent statement online.


• Can't find it? Call your bank's customer service line and ask. Get a live person on the line by using GetHuman.com.

Want to receive an alert every time your bank account's interest rate changes? Register with BankFox.com, search for your bank and the type of account you have, and click on "Watch Account."

To learn more:

• Compare Savings Rates Calculator (Bankrate)

Did you do it? Tell us what worked or share other tips in the comments below.


Articles on Bundle are intended as suggestions only. Your personal circumstances may require you to take different steps or to seek the advice of a financial professional. For more about what we do (and don't) do, read our Terms of Use.



Related Links:

How to lower interest rates on your credit card

How to get better rates on your savings

How often do you check your bank account?