What bank pays 8% interest?
Traditional consumer banks and standard FDIC-insured savings institutions rarely offer baseline yields as high as 8% on ordinary liquid deposit accounts, as such high returns typically outpace standard risk-free market rates. When financial institutions or specialized digital promotions advertise yields approaching or exceeding 8%, they are usually introductory rates restricted to very low maximum deposit balances (such as specific rewards checking accounts capped at $1,000), short-term promotional rewards, specialized crypto-yield platforms carrying higher counterparty risks, or complex structured investment products rather than standard savings accounts.
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