The high yield investment accounts are offered to the investors who are involved in the investment activities in HYIP. These accounts are offered by a number of financial institutions to help the investor in reducing complexities from the process of investing in the high yield investment programs.
These accounts are developed with a number of beneficial features. These accounts offer high rates of interest for all the deposits. Generally these accounts are used to save huge amounts for the transaction. There are a number of banks that follows tiered interest rate pattern for the purpose. According to these patterns, there interest rates are decided according to the amount in the account.
If there are huge amounts, the rates are also going to be high. Another important feature of these accounts is that the investor can access the fund at any hour of the day.
There are a number of banks that offers these High-Yield investment accounts without any monthly fees. These accounts-holders should also maintain a certain amount in the particular account for HYIP at daily basis.
At the same time, there are a number of banks that offers insurance for these accounts.
Apart from these, there are some other criteria that should be fulfilled for maintaining the High-Yield investment accounts. The banks that offer these accounts charges monthly maintenance fees. These fees vary for different banks. On the other hand, there is a minimum opening deposit that is paid by the High-Yield investment account holder. The account holders are also offered with a number of free withdrawals for every month and any additional withdrawals is subjected to a definite fees.
Last Updated on : 5th July 2013