Explore the top 5% interest savings accounts. We'll explain whether there are requirements to earn the highest APY and the pros and cons of accounts.
Uphold · Finder Score: 4.4 / 5: ★★★★★ ; Savings app · Up to $2.5 million · 1 · 0 · 1,046.50
Compare savings accounts to find the best rates. Bankrate's experts have identified the highest savings account interest rates from top banks to help you maximize your earnings.
Here are savings accounts from banks offering at least 4% interest on your savings right now. Plus, learn the factors to consider when opening a high-yield savings account.
Our team has compiled a curated list of the best 5% interest savings accounts that can help you reach your long-term savings by earning more on your balance.
Bank, APY, Min. deposit to open ; Digital Federal Credit Union, 6.17% (on balances up to $1,000), $5 ; LendingClub, 4.00% to 5.00%, $0 ; Newtek Bank, 5.25%, $0 ; BrioDirect Bank, 5.00%, $5,000 ; Varo Bank, 5.00% on first $5,000 (3.00% on the rest), $0
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...
Discover what a high yield savings account is, its benefits, and how to open and choose one to maximize your savings with higher interest rates.
To find the best high interest rate for you, browse Bankrate's list of the best high-yield savings accounts from federally insured, highly rated institutions.
SoFi Checking and Savings ; APY : 4.60%, Min. balance for APY : $0