Wells Fargo's Platinum Savings is a high-yield savings account with rates up to Up to 2.51% APY depending on your balance tier. The rate is lower compared to other high-yield savings, but it is good enough for a big traditional bank. It has four balance tiers. To get a higher APY,...
This could mean now is a good time to get a high-yield savings account, before rates potentially lower. “High-yield savings account yields are unlikely to budge until the Fed decides to make a firm rate cut at some point in the future,” said Stephen Kates, a certified financial planner...
A certificate of deposit (CD) typically has a competitive APY in comparison to a high-yield savings account but differs in key aspects. With a CD, you commit to a term length (from as little as a week to as long as 10 years) for which the bank will offer interest. CD rates are ...
A high-yield savings account — sometimes called a high-interest savings account — is atype of savings accountthat pays higher-than-averageinterest rateson deposits. The interest rates on these accounts can be ten times higher than the national average for a regular savings account[1]. Banks ...
But the top rates on those accounts aren't has high as the Platinum Savings rate. Keep in mind there are high-yield accounts at other banks that don’t have this high deposit requirement. Despite the higher threshold to earn the high rate, the account’s minimum opening deposit is only ...
A high-yield savings account 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 5 percent and above, which is more than eight times the current ...
Best CD Rates. Compare the annual percentage yield.This refers to the amount of interest you will earn on a savings account in a year, which Newman says can give you a big-picture view of your earning potential. "APY is designed to help consumers comparison shop for savings accounts … th...
While different businesses have different preferences when it comes to choosing a business savings account, typically some of the most important criteria to consider include: APY The APY is what separates a high-yield business savings account from a regular business savings account. That said, there...
The best high-yield savings accounts in 2024 have high rates, no fees and affordable minimums, plus great customer service. If you’re looking for a safe, accessible place to store some funds and still earn interest in the turbulent economic ocean, a high-yield savings account could be ...
A few years ago, my local bank offered a basic savings account with a 0.01% interest rate. Times have changed. There are now several banks offering high-yield savings accounts withrates in the 4.5-5.5% range. An online high-yield savings account can earn you a better return on your money...