In this Guide: What Are Average Savings Interest Rates? · Factors That Affect Savings Rates · Where To Find the Latest Rates · Optimizing Savings in Light of Rate Fluctuations · The Bottom Line · Frequently Asked Questions
Last week, UOB and Standard Chartered Bank cut the bonus interest rates on their flagship savings accounts. Will other banks follow suit?
TD Bank’s savings account rates range from 0.01% to 4.00% APY, primarily depending on your account balance. ; TD Bank has no minimum opening deposit requirement on either of its savings accounts. ; Along with its savings account offerings, TD Bank also offers CD, checking, credit card, loan and retirement products.
Wells Fargo interest rates leave much to be desired. Here, you can find the current interest rates on Way2Save and Platinum Savings accounts.
Discover current average interest rates on savings accounts, and current rates for different types of savings accounts at banks and credit unions.
Key Takeaways ; According to recent Bankrate data, the average interest rate for savings accounts is 0.57% . That means if you deposit $20,000 into a standard savings account that earns the average APY, you will earn $114 in interest over the course of a year. You can find a savings account to maximize your interest by weighing multiple factors, like switching to a new bank, combining your savings and checking accounts, considering online banks or credit union accounts, and keeping an eye out fo...
Vault’s Viewpoint on 7% Interest Savings Accounts ; As of November 2024, no banks offer a 7% interest rate savings account. However, two credit unions offer 7% on select checking accounts. Your Closest Options: Landmark Credit Union (7.50% APY) and OnPath Federal Credit Union (7.00% APY) on select qualifying checking accounts. High-yield savings accounts typically offer 4.00% to 5.00% APY, with top options like Newtek Bank (5.25% APY), Pibank (5.50% APY), MyBankingDirect (4.75% APY), and CIT B...
The Citibank savings account interest rates for 2024 depend on the type of account. Learn more in our review of Citibank savings account interest rates.
Get up to speed with the average interest rates offered by bank accounts in 2024. Our guide helps you make informed decisions for your financial growth.
Bank · Checking account/Savings account combo · Standard savings yield · Yield with relationship · Minimum balance to avoid monthly checking account fee