8 savings accounts offering 5% or more right now If you're trying to find a high-yield savings account that offers an APY of 5% (or more) on your money, these accounts could be worth considering:Popular Direct: 5.40% APY The Popular Direct High-Rise Savings account has a minimum deposit...
This guide will explain your options for savings accounts offering 5% interest, as well as some financial institutions with rates that are close to this threshold. In this article Key takeaways Several banks offer FDIC-insured accounts that pay around 5.00% APY, which is well above the ...
According to the FDIC, the average APY across all savings accounts as of Dec. 16, 2024, was 0.42%. At the same time, there were a number of high-yield savings accounts offering APYs of 5% and higher. The best CD accounts also offer a place to earn competitive APYs. While the banks ...
Popular Direct Savings is one of the few banks offering more than 5% APY on savings, with a 5.05% high-yield savings account. You must meet the $100 minimum opening deposit requirement, though there are no monthly service fees. You may be charged $25 if you close your account within 180...
Here are 6 interest savings accounts offering 5% APY (or close to it) Save up to $180 a year with one of these top no-fee checking accounts Our methodology To determine which savings accounts made this list, CNBC Select analyzed dozens of U.S. savings accounts offered by online and brick...
BALANCE FOR APY EST. EARNINGS 3.80 % January 15, 2025 $ 0 $ 950 Over 1 Year Savings Account American Express National Member FDIC Promoted Offer OPEN ACCOUNTOFFER DETAILS QUICK LOOK American Express National Bank is an online bank that offers savings and checking accounts with competitive yields...
We researched FDIC-insured savings accounts offering an APY of 5% — or close to it — and the minimum balances required to earn that attractive return. If your sole focus is to maximize your savings, these are the accounts to consider. (See our methodology below for more information on how...
It’s easy to find high-yield savings accounts that are offering 5% interest these days, but a handful of banks are now promising they’ll pay at least 5% interest on those accounts — and keep doing that into next year. While the Federal Reserve’s nex...
Do pay attention to any minimum balance requirements. Manyhigh-yield savings accountsmake no rules about on how much you need to keep in the account. But in others, you won't earn the high APY if your balance falls below a stated minimum. ...
The average savings account today delivers a rate of return of around 0.45% APY, according to the latest data from the Federal Deposit and Insurance Corp. And while that is indeed well below the accounts in this ranking, just two year...