Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.
Is it possible to find savings accounts with interest rates of 5% or more? Yes — see which banks currently offer 5% interest savings accounts and open an account today.
Savings interest rates have remained high in 2024, but they could begin declining soon.
If you’re on the hunt for today’s best savings interest rates, we’ve narrowed down some of the top offers. Learn more about savings interest rates today and how to open an account.
Some of the top banks with the highest interest rates are Customers Bank, TAB Bank, Cloud, UFB, Bread, Bask, Upgrade, Varo and more.
"To find the best interest rates on savings accounts, you need to research and take your time during the process," she advises. The table below shows a sampling of recent rates for high...
Savings interest rates are the highest they’ve been in over a decade. Here’s where you can find the best savings interest rates today.
Discover’s online savings account offers a 4.00% APY and doesn’t have fees for items such as monthly maintenance, insufficient funds, official bank checks and excessive withdrawals. ; The savings rate is competitive with the APYs offered by other online banks such as Ally, American Express and Capital One, though it’s not the highest offer out there. ; There are no minimum opening deposit or minimum balance requirements to start earning interest.
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...
more interest, while still giving you the flexibility to withdraw your money when needed. All savings accounts and rates in... the highest savings account APYs available that day. Below...