can be a safe place to earn interest on your money while keeping it easily accessible for emergencies or other expenses. Annual percentage yields (APYs) on top high-yield savings accounts are still above 4 percent, which is around eight times the current national average rate of 0.61 percent....
A high interest rate is great, but not if you can’t count on remaining at that level. That’s why we keep track of banks that offer the most consistent interest rates on savings accounts. Discover Bank is hyper-focused on helping customers build savings, and its savings account is design...
High-yield savings accounts and regular savings accounts both have unique benefits. Find out which is best for you here.
Bank –three of the largest U.S. banks. Over one year, $1,000 stored in a savings account with a 0.01% APY will earn 10 cents of interest. If the savings account has an APY of 5% (a competitive rate in today's environment), the same $1,000 will earn $50. Choosing the Best ...
Variable interest rates:Unlike CDs which have a predictable, fixed-interest rate, the APY on a high-yield savings account is variable, meaning it can increase or decrease at any time. May have more requirements:High-yield savings accounts may have more requirements than a typical savings account...
For a customer with a $25,000 deposit, the difference can be dramatic. The Bank of America savings account would generate $7.50 of interest over one year. At Marcus by Goldman Sachs, the same deposit would generate $496. Why can internet-only banks pay such high rates?
Along with a competitive, variable rate and no monthly maintenance fees, the Ally Bank Savings Account comes with tools to help grow your money faster. We found people have saved, on average,2x morewhen they’ve used our smart savings tools. ...
The CIT Bank Platinum Savings offers a solid APY on balances of $5,000 or more, making it ideal for those with a large deposit. Standout benefits: In addition to offering a competitive savings rate on a minimum balance of $5,000, the CIT Bank Platinum Savings has no monthly service ...
High-interest rate (4.76% APY). No monthly maintenance fees. $1,000 minimum opening deposit. What we like about theCIBC Agility Online Savings Account:CIBC Bank is a full-service bank with roots in Canada that provides US consumers with a desirable savings account, among other financial...
Rate verified as of Dec. 31, 2024 Openbank, High-Yield Savings Account – 4.75% APY* Required opening deposit:$500 Minimum balance requirement:Any amount Monthly fee:None ATM card available:No Mobile check deposit:No Checking accounts available:No ...