Our 2025 high interest savings account comparison below is updated consistently to show the latest interest rates and promotional offers. As you can see, EQ has an excellent current offer available.Comparing The
When choosing between certificates of deposit and savings accounts, the best choice for you depends on how long you plan to leave the money in the account. Emergency funds are better in savings; longer-term goals work for CDs.
What is a high-interest current account? High-interest current accounts are bank accounts that pay a good rate of interest on your in-credit balance. High-interest current accounts often have more competitive rates than the best savings accounts, but you’ll need to meet certain requirements ...
If you'd like to keep your savings account in the same place as your checking, EverBank could be right for you. In addition to a good savings account, EverBank also has a high-yielding money market account, a checking account that earns some interest and CDs that earn good rates. Pros...
Yes. With a high-yield savings account, also known as a high-interest savings account, your balance can grow faster over time than it would in an average savings account. This is without additional effort on your part. Your money is working harder for you in a higher-rate account. Online...
Currently, a competitive high-yield savings account pays up to 5 percent or more. Use Bankrate’s Compound Interest Calculator to see how much you can earn, depending on the APY. Fees: Some banks charge monthly fees on their savings accounts. Usually, you can avoid these fees if you meet...
Plus, their yields are often higher than those of a traditional bank savings account. They've risen sharply over the past year and a half as the Federal Reserve has increased its benchmark interest rate to tame inflation. Many are paying yields above 4% and 5% after years of sitting near...
However, when opening a high-interest savings account, you'll probably also want to make a deposit right away. You can do this by depositing cash or checks or by transferring money from another account. Keep in mind that some high-yield savings accounts require a minimum initial deposit to...
Huntington Relationship Savings is a high-yield savings account, earning competitive interest on all balances above $0.01. Plus, you can earn an even better interest rate when you maintain an average daily balance of $5,000. Start Saving Even More See all features & fee information...
Banks will run a credit check on you if you apply, but this type of account rewards deposits and a cash balance and so may be considered as less of a risk than an account with a large overdraft for example. Is a high interest account better than a savings account? Whether a high ...