The 5.25% APY here only applies to the first $500. Accounts with $500.01 to $2,500 earn 3.45% APY. Beyond that, there’s a sliding scale for account balances that bottoms out at 0.15% APY for balances more than $25,000.01...
A competitive high-yield savings account can help you add as much as 5% APY to your saving balance in today's economy. These high-earning accounts are typically offered by online-only banks or online divisions of existing banks. Because they have fewer overhead costs than bigger banks, they...
1 The Annual Percentage Yield (APY) for the Online Savings Account as of 01/01/2025 is more than five times the national average APY for interest bearing savings accounts with a balance of $500 as reported by Curinos as of 01/01/2025. National average is based on information regarding th...
Investment accounts: If you have a lot of disposable cash, putting it into a savings account with a high APY isn’t the best. Instead, you may be better off looking into an investment account that lets you buy stocks, bonds, mutual funds, or exchange-traded funds (ETFs). While they’...
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 ...
You can find multiple accounts with no opening deposit requirement that pay a rate almost as high as BrioDirect’s. Once you’ve opened the account, you only need to maintain a balance of $25 to earn the 5.05% APY.Pros High APY No monthly fee Cons $5,000 minimum opening deposit No ...
Min. balance for APY $5,000 Min. deposit to open $100 Why CIT Bank? CIT Bank is known for offering multiple savings accounts. CIT Bank’s Platinum Savings account earns the highest yield on balances of $5,000 or more, while the Savings Connect account can be opened with just $100...
Zynlo Bank, Money Market Account – 5.00% APY Required opening deposit:$10 Minimum balance requirement:Any amount Monthly fee:None ATM card available:Only with an associated checking account Mobile check deposit:Yes Checking accounts available:Yes ...
Even if you only ever make one deposit, that money will keep growing at the stated APY. What Are the Pros and Cons of Savings Accounts With High Interest Rates? Opening a high-interest savings account has plenty of benefits, but there are some downsides, too. See how the pros and cons...
Here’s a list of the best high interest savings accounts. Get up to 5.10% APY with a basic savings account. There are also accounts with requirements that pay even more. We don’t receive any commissions for any of these, and ALL banks are included in this list. ...