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.
A savings account is the most basic type of bank account and is used by individuals (singly or jointly) to park money for carrying out various day-to-day financial transactions. These accounts do not have any maturity or end date, unless the customer specifically requests for a closure. Interest rates: Savings accounts give interest on the money deposited in them. The interest is calculated on the minimum balance kept in the account on a daily basis. But the interest earned on these accounts is not paid out quarterly instead of monthly. The interest rates applicable on these accounts vary from bank to bank. Earlier, the savings account rates were regulated by RBI at 4%. But after de-regulation in 2011, banks are now free to offer their own rates.