Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.
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.
All savings accounts and rates in our rankings were collected, verified, and available to... Every business day, we publish a ranking based on the highest savings account APYs available...
Sponsored offers ; American Express National Bank savings account ; Openbank savings account ; Marcus by Goldman Sachs savings account ; Promoted offer: It only takes about 5 minutes to open a fee-free account. Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money ; Western Alliance Bank savings account ; Barclays savings account ; BMO Alto savings account ; Promoted offer: 0 Monthly Acct Fees. No Balance Cap to Earn APY. Peak Bank savings account
Bank · Checking account/Savings account combo · Standard savings yield · Yield with relationship · Minimum balance to avoid monthly checking account fee
My Banking Direct High-Yield Savings ; APY* · 4.85% ; Min. deposit · $500 ; Min. balance to earn APY · $1 ; Monthly fee · $0
Explore the best high-yield savings accounts for November 2024 to maximize your savings with higher interest rates than regular savings accounts.
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...