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.
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.
Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.
How a TD Savings Account can help meet your needs ; Help you reach your goals · Save for goals like vacations and renovations, or for emergency expenses. ; Automate your savings · Set up a Pre-authorized Transfer or the Simply Save program to help build your savings. Learn More ; TD MySpend · Paired with the TD app, use TD MySpend to keep track of your monthly spending and help you find ways to save more.5
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.
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...
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.
Uphold · Finder Score: 4.4 / 5: ★★★★★ ; Savings app · Up to $2.5 million · 1 · 0 · 1,046.50
Quick Look at the Best Savings Accounts: ; Best for Trading Ideas: Public.com — 4.60% APY ; Best for No Minimum Deposit: EverBank (formerly TIAA Bank) — 5.05% APY ; Best High Yield Savings Account For Travelers: Bask Bank — 4.85% APY
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.