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.
My Banking Direct, a New York Community Bancorp subsidiary, offered the highest rate on Bankrate’s table of high-yield savings accounts last week, according to Ted Rossman, senior...
Learn about the best high-yield savings accounts, including how they work, how to choose one and which is the best for different types of savers.
Explore the best high-yield savings accounts for November 2024 to maximize your savings with higher interest rates than regular savings accounts.
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. A savings account is a good place to save money for short-term goals like a down payment, car, vacation, or emergency fund. But a high-yield savings account will likely be a stronger choice for storing you...
APY : 4.85%, Fee : $0, Minimum deposit to open : $0
A high-yield savings account is a savings account that can pay up to 15 times the national average of a standard savings account. Compare accounts to find the one that's right for you.
A bank account with $10,000 could earn around 10 times the national average interest rate of 0.46% for savings accounts if you choose a high-yield account.
High-yield savings accounts have higher interest rates and can help grow your money faster.
Features & Benefits ; No Monthly Fees or Service Charges · No monthly maintenance fees or service charges ; $0 · No minimum opening deposit and no minimum balance requirement[2] ; Member FDIC · Deposits are insured up to the maximum amounts allowed by law.[3]