The APY is much lower than other high-yield savings accounts—it’s average at best. There’s no reason to open an Axos account unless you’ve already maxed out the FDIC limits on every other high-yield savings account and have to get a lower APY to horde all your cash. Discover Onlin...
Here are some of the best savings account rates for January 2025: First Community Bank: High-Yield Savings Account - 4.44% APY Continental Bank: High Yield Savings Account - 4.41% APY mph.bank: High-Yield Savings Account - 4.41% APY Prism Bank: High-Yield Savings Account - 4.40% APY ...
The Savings Connect account earns 4.00% APY on all balances and also requires a $100 minimum deposit to open the account. There are no monthly fees on either account. CIT Bank is the online division of First-Citizens Bank & Trust Company (FDIC #11063) and offers several deposit accounts, ...
Pays interest on your balance: Unlike your checking account, the balance you hold in a savings account earns interest, in the form of anannual percentage yield (APY). But rates vary widely from bank to bank, from almost zero to rates that are quite high, so definitely shop around. Allows...
With a 4.90% rate, Veritex Community Bank offers the highest APY high-yield savings account. To save you time from having to review bank and credit union websites, we reviewed account terms from 126 banks and conducted first-hand research by opening up accounts at the top eight banks on th...
The CIT Savings Connect has a top-of-the-line interest rate of 4% APY, making it one of the leading savings accounts on the market. And its $100 minimum opening deposit requirement is relatively low. But the only way to deposit money into the account is through mobile check deposits and...
This kind of savings account offers an annual percentage yield that is higher than the average APY available with traditional savings accounts. Money market accounts. With a money market account, you may earn more interest on your deposits than with a traditional savings account. Rates may be low...
Established over 130 years ago, Barclays offers a competitively high APY wrapped inside its easy-to-use savings product. With a tiered APY structure, merely opening an account and making even a modest deposit allows bankers of all backgrounds immediate access to growing their savings....
If you want to open a high-yield savings account without having to meet any minimums, Synchrony Bank can be a great choice. Their online savings account has no minimum deposit, nor do you need a minimum balance to reach their high-yield rate of 4.30% APY, as of mid-June, 2023. Like...
The Varo Savings Account offers an APY of 3.00% APY, but you can earn 2.50% APY on balances up to $5,000 if you meet some requirements. To qualify for the 5.00% APY, you’ll need to have a Varo Bank Account and receive direct deposits of at least $1,000 per month. Y...