Bank5 Connect is a smaller online bank but offers competitive interest rates on the products it carries, including an impressive 2.70% annual percentage yield (APY) on its checking account and 1.50% APY on savings—but if you have at least $25,000 in savings, its Jumbo Savings account earns...
APY:4.55%APY with a balance of $5,000 or more Monthly Fee:$0 Minimum Deposit to Open:$100 Balance Requirement:$0; $5,000 to earn the highest APY Is my money safe in an online savings account? As long as the bank has FDIC insurance, then yes, online banking is safe. This means th...
If you are using a brick-and-mortar bank as your savings account, you need to switch. They don't pay anything. And the banks on this list pay many many times that. Below is a list of online savings accounts with the highest interest rates. They are all FDIC-insured. They are as sa...
Best for: Canadians seeking an online credit union. 4. EQ Bank A leading neobank in Canada, EQ Bank was founded as the online arm of Equitable Bank in 2016. Right now, they offer only 2 banking products, both of which stand out for having some of the highest interest rates in ...
However, with Axos Bank offering one of the highest annual interest rates among the institutions in our study, investing your short-term savings up to the $24,999.99 limit is a prudent option. Furthermore, Axos High-Yield Savings Accounts are FDIC-insured up to $250,000 per person, per ...
EQ Bank offers a solid everyday interest rate and unlimited transactions, with no monthly fee. We’ve got even more information on our top rated HISA option in our EQ Bank Review. Not only is it our pick for best HISA, but it’s also one of our top Canadian online bank picks. ...
When comparing accounts, look at the interest rate, fees, minimum deposits and other features offered. Use this chart to find the best interest rates for your needs: Featured Rates How to Open an Online Savings Account Opening a savings account online is easy. Visit the bank’s website and...
The Connexus Credit Union high-yield money market account requires at least a $100,000 balance to receive the highest APY. There are also high-yield savings accounts you can connect to your checking account. Usually, online banks will offer the highest interest rates compared with brick-and-...
The bank takes all the money on deposit and loans it at a slightly higher interest rate than it pays you. That’s one way that these institutions make money. By doing business only online, these financial institutions can operate with lower overhead costs than if they had to maintain physic...
Openbank is a new online division of Santander Bank, meaning your funds are FDIC-insured. The account’s main attraction is a very high 5.00% APY. That rate is the highest on our list. The account has no fees and requires a $500 deposit to open. Note that this account is not a...