Interest on a savings account can help your money grow more quickly. Learn how interest works on savings accounts and the effect of compounding.
It’s not easy to find savings accounts that pay interest rates up to 5%, but they do exist. Here’s how to find the best savings accounts that pay up to 5% APY.
What is a Good Interest Rate on a Savings Account?
Consider a business savings account and start earning interest on your money
The best high-yield savings accounts offer 5.30% APY from BrioDirect High Yield Savings Account and 5.30% APY from Ivy Bank High-Yield Savings Account, which is more than 10x the national average APY.
Best for banking online ; Best for in-person banking ; Best for saving in a money market account ; Best for sole proprietors ; Best for avoiding fees
Find out about some of the most profitable available alternatives to depositing money in a traditional bank passbook savings account.
Where can you find 5% interest savings accounts? We've curated a list of the best 5% interest savings accounts to help you earn more.
If you're looking for the best rate for your savings, high-yield savings accounts typically offer yields that pay many times the national average.
With interest rates at record lows, savings account interest is low, too. The right account at the right bank can help you maximize your savings.