It's relatively easy to open a high-yield savings account, especially if you already have a checking account at a bank that offers one. Depending on the financial institution, you can open an account at a bank branch or online. Be prepared to provide your contact information, Social Security...
TAB Bank is known for offering competitive yields. It’s also known for its unique checking account for truck drivers. TAB Bank’s High Yield Savings Account doesn’t require a minimum opening deposit and doesn’t have a monthly maintenance fee. TAB Bank pays the same yield on any balance....
Affirm offers a solid high-yield savings account and access to credit solutions without using your credit card. You can invest your money without having to enter into any credit agreements. Cons: The firm doesn’t have any branches or physical locations. Who is the account best suited for?
Opening ahigh-yield savings account (HYSA)is a great way to boost youremergency fundor save for short-term financial goals. Some HYSAs haveannual percentage yieldsover 5% — that's more than 10 times the 0.45% average available from traditional savings accounts,according to data from the Fede...
Low risk:If your bank is FDIC-insured, a high-yield savings account does not have the risk level of other investments. Cons Poor options for long-term goals:Although high-yield savings accounts have high yields compared with standardsavings accounts, they don’t pay enough interest to hit lon...
Will high yield savings rates go back up? Higher interest rates are most certainly in the future but experts aren’t optimistic they will come anytime soon. "We may see small gains in high-yield savings account yields in 2022," Ken Tumin, founder of DepositAccounts.com, said. "Widespread...
Western Alliance Bank High-Yield Savings Premier Account Bask Bank Interest Savings Account Barclays Tiered Savings Account BMO Alto Online Savings Account UFB Portfolio Savings Account Betterment SoFi High-Yield Savings Account American Express High-Yield Savings Account Capital One 360 Performa...
Top high-yield savings accounts We made ourtop picks for HYSAsbased on yields, availability, fee structure and ease of use. If you want to maximize your return,theWestern Alliance Bank High-Yield Savings Accountoffers a high APY. It only requires a $1 minimum deposit to open and there are...
Capital One 360 Performance Savings Summary: The Capital One 360 Performance Savings account pays3.80% APYwith no minimum balance, with no monthly maintenance fees and just a $1 minimum deposit. Capital One bank has the DNA from the very first high-yield online savings account providers. ...
High-yield savings accounts and regular savings accounts both have unique benefits. Find out which is best for you here.