What we don't like about it:The $1,000 minimum direct deposit balance can be hard for some people to meet, and you're required to have both a bank account and savings account to qualify for the highest interest rate. Also, you only earn this rate on only a limited amount of your ...
Barclaysoffers a no-frills online savings account with a competitive APY of 4.00%. Its CD offering is similarly attractive, with a rate of 4.50% on a 60-month CD. On the other hand, it doesn’t offer any additional savings products such as IRAs or money market accounts. Barclays savings ...
Moneywise lists the best savings accounts to get the highest interest rate, low or no fees, and great customer service. Here are our picks for 2024.
Best for yield/interest rate: Bask Bank Bask Bank, a division of Texas Capital Bank, provides one of the best high-yield online savings accounts. As of mid-June, 2023, Bask Bank offers a 4.85% Annual Percentage Yield (APY), with no monthly account fees or minimum account balance requireme...
Affirm may be known for its buy now, pay later services but it also offers a competitive savings account. Affirm Savings stands out for offering no fees and a pretty decent interest rate. The account can be accessed online or in the Affirm app available on the App Store and Google Play....
Interest Rate:3.45% Initial Account minimum:$1 The World’s Local Bank HSBC offers consistently high-interest rates on its savings accounts. They also offerchecking accounts,loans and mortgages, investment andretirement accounts, andinsurance.
Open a Discover® Online Savings Account for all these features: • Earn high interest rate of 3.75% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your...
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 Savings Account to Watch in 2023by...
And they beat them by a good margin, as top savings account rates have remained above 4 percent. Note, though, that savings rates are generally variable and can change at any time. Interest rates will be coming down much slower than they increased in 2022 and 2023. For the foreseeable ...
Rate verified as of Nov. 26, 2024 Pros and Cons of Savings Accounts Pros Explained 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 ban...