charter. n. 1. (Government, Politics & Diplomacy) a formal document from the sovereign or state incorporating a city, bank, college, etc, and specifying its purposes and rights.
Currently there is a promotional interest rate for Palladian Savings Account which is fixed at 1.30% for the first six months. After the promotional interest rate ends, the interest rate will be the non-promotional variable interest rate that is offered for Palladian Savings Account at that time (currently 0.90%). There is a minimum initial deposit of $10,000 and maximum initial deposit of $100,000. American Express. Rates as of Oct. 14th.
Interest rates being paid to savings accounts are incredibly low right now (in fact, aside from a few specialty banks, you'll be lucky to get 1%), but in years past, 5-6 or even 10% wasn't uncommon (though you'd have to go a while back for that!).But in general, that's how interest/compounded interest works.eally the question should be refined, because if you are talking about how much interest you are going to earn in a specific savings account given a fixed amount initial deposit, with interest compounding over time, then it depends on initial amount.