Money market accounts are deposit accounts offered by many banks and credit unions. Typically, they offer higher interest rates than found with traditional savings accounts. Many banks offer money markets that pay tiered interest rates — the higher your account balance, the higher the interest rate...
A high-yield savings account is a type of savings vehicle that you can open at many banks and credit unions. But it differs from a traditional savings account in that it offers an APY that’s 10 to 20 times higher than the national average. Right now, the national average savings rate ...
Best for ATM card: UFB Portfolio Savings Best for easy access to your cash: Synchrony Bank High Yield Savings Best for no fees: Marcus by Goldman Sachs® High-Yield Online Savings Account Best for a large deposit: CIT Bank Platinum Savings Best for direct deposits of $5k or more: SoFi...
Quorum is an online credit union that offers banking products like high-yield savings accounts, free checking, home loans, and more!
Both CDs and high-yield savings accounts can help savers earn interest on their cash, but these products work a little differently.
Rest assured, high-yield savings accounts from insured banks and credit unions are some of the safest places to keep your money — as a type of deposit account, your high-yield savings account is insured (up to limits), not subject to any market volatility and easily accessible. ...
Current savings trends Bankrate Partner average 4.37% APY National average 0.56% APY Savings & MMA Best high-yield savings accounts for January 2025 Note: Annual percentage yields (APYs) shown were updated between Dec. 22 and Dec. 28. All other information is current as of Dec. 23. Bankrate...
If you’re already a credit card consumer, or plan to be, this bank offers a complete package with its checking and savings options. If you’re only interested in savings, the high-yield savings account is still worth considering. ELIGIBLE FOR $100 IN REWARDS CIT Bank Platinum Savings ...
CNN Underscored Money analyzed 68 savings accounts from 57 financial institutions to come up with the rankings for the best high-yield savings accounts. This included accounts from a mix of traditional banks, online banks and credit unions that are available nationally. We ranked each account o...
account, like minimum opening deposit. We also research banks and credit unions to provide unbiased, comprehensive reviews to ensure our readers make the right decisions for their needs. Investopedia launched in 1999 and has been helping readers find the best high-yield savings account rates since ...