You can take advantage of today's interest rates with a high-yield savings account. These accounts charge no fees, so you can save even more.
Fixed term- these usually offer higher interest rates than easy access accounts, in return for you ‘locking away’ your money for a fixed term. For example, 1, 2 or 5 years. You can still access your money if you need it, but may pay a penalty. Notice savings- these accounts let y...
High interest savings accounts can have extremely attractive interest rates, but you won’t enjoy the same access to your money and there are other requirements to consider.
Aside from the difference in interest rates, high-yield savings accounts work much like standard savings accounts. The bank may ask you to fill out an application and make a minimum cash deposit to open the account. Then the bank pays you interest, in the form of an APY, on the money ...
Shop at credit unions: A credit union may offer you a better yield than you can find elsewhere. These not-for-profit organizations are member-owned and tend to offer high rates and low fees. Rely on thepower of compound interest:Savings accounts offer liquidity, but your money will grow fa...
On balances of $5,000 or moreHigh interest rate Minimum monthly balance for no transaction fees $25,0002,3Waived Monthly Fee$0 secureGet account Our savings account interest rates Earn interest and save Whether you're saving for the future or for a large purchase, we can help you ach...
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 ...
Higher interest rates allow you to accelerate earnings. Easy access to your money when you need it. Other considerations Some banks have minimum deposit requirements for high-yield savings accounts. Make sure your high-yield savings account doesn’t include fees that can eat into your interest ear...
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]. ...
High-yield savings accounts are similar to standard savings accounts, but they reward you with substantially higher interest rates. As a result, your money grows faster, making it a better vehicle to save for an emergency fund or long-term savings. Interest rates for these accounts are expressed...