This article has been adapted from specific stair and railing specifications that are similar among codes and countries (but not identical). -- IBC, IRC, BOCA, Kingston NY Stair Code, New York State Residential Building Code for Stairs (included here), Florida, Pennsylvania, New Jersey, & other sources.
Average APY. According to CNN Money, the average annual percentage yield on a savings account in the United States was just 0.06 percent in 2013. This means that if you nested away $100,000 in the average savings account, it would net you an additional $60 in interest over the course of one year.
Savings accounts always accrue interest. The interest rate depends on the bank, the type of savings account (e.g., see Money Market vs Savings Account), and the amount deposited, but is always higher than the interest rate on checking accounts.As of August 2014, the highest interest rate on savings accounts (in the United States) is about 0.6%. savings account, as the name suggests, is used to save money for a longer period of time. The idea is to let that money accrue and not use it unless there is an emergency or until it is time to pay for college tuition or purchase a significant item, like a house or car.