Is there a required minimum balance you need to maintain in your high-interest savings account to earn interest or avoid fees? Is the APY tiered? In other words, does the account only hit the high interest rate with a high deposit balance? Fees. Does the bank charge monthly maintenance fee...
Neo High Interest Savings Account: Interest Rate: 3% Monthly Fees:$0 Minimum Balance:None Interac E-Transfer Fees: $0 Other Benefits:Neo is CDIC insured, free bill payments, free mobile bank to bank transfers, no minimum balance. On top of offering a great rate, Neo Financial wasvoted the...
The best high-yield savings account rate is 5.00% APY from Pibank and Zynlo Bank. That's more than 11 times the FDIC's national average for savings accounts of 0.42% APY.1A high-yield savings account is great because it pays more interest, while still giving you the flexibility to withd...
Additionally, the account comes with no monthly fees. Ally Bank Online Savings Account Pros & Cons Pros Earn a consistently high interest rate Great savings tools and features No monthly fees Cons No branch or ATM access Read the full editor's Ally Bank Savings Account review. Capital One 36...
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. ...
The Western Alliance Bank High-Yield Savings Account is for you if you're focused on maximizing your returns as it offers one of the highest savings rates we found and has just a $1 minimum deposit to open an account. Standout benefits: There's no cap to earning Western Alliance Bank's...
Best for high on-going interest rate:EQ Bank Notice Savings Account Best for no fees:Simplii High Interest Savings Account Best for earning interest and cash back:KOHO Everything Plan Best from a Big Five Bank:Scotiabank MomentumPLUS Savings Account ...
Our top picks for the best high-yield savings account rates are SoFi Bank (4.00%), Bask Bank (4.50%) and Discover Bank (3.75%), but rates are as high as 4.90% from Veritex Community Bank.See Rates from our featured partner, SoFi Earn roughly 10x the national average interest rate wit...
1. Discover Savings – Best Overall (Member, FDIC) Get Started APY:3.75% Initial Deposit Minimum:$0 Turn Your Savings Into Something If you’re looking for a bank to invest your savings in to earn very high interest rates, check out Discover Bank, Member, FDIC. The account requires no mi...
7. Ally Bank 🏆Best Bank for Customer Service Ally is another of my favorite online banks because it pays higher-than-average interest rates on your savings account and checking accounts. Ally Banksets a high standard for online banks, delivering great savings rates, low fees, overdraft covera...