In an era of historically high interest on savings accounts, many of the best rates come from banks that don't have a branch at the local strip mall.
best savings interest rate offered by what's known as a high-yield savings account. A high... "To find the best interest rates on savings accounts, you need to research and take your time...
Vault’s Viewpoint on 6% APY Savings Accounts ; Digital Federal Credit Union earns 6% interest on its savings account, but this account has deposit limits and balance requirements. ; With a 6% APY on your savings, you could earn $60 a year on a $1,000 deposit. ; If you aren’t eligible for a 6% interest savings account, other options yield nearly as much, such as select CDs and other high-yield savings accounts. ; Not everyone qualifies for these accounts, and sets of narrow criteria can affect your eligibility.
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 (4.85% APY), and CIT B...
bank interest rates than traditional brick-and-mortar banks. If you're considering switching banks, keep in mind that rates on high-yield savings accounts and money market accounts can...
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.
Some high-yield savings accounts come with APYs as high as 6%. But what does that mean in terms of earned interest?
Too many consumers settle for savings accounts that pay almost no interest. High-yield alternatives aren't hard to find.
Discover current average interest rates on savings accounts, and current rates for different types of savings accounts at banks and credit unions.
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.