Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.
Bank of America offers tiered interest rates, saving the highest rates for Preferred rewards members with a linked checking account and certain balances.
Open an online Capital One 360 CD to earn an interest rate with guaranteed yield. Compare our CD terms and annual yield rates. Enjoy the protection of FDIC insurance and zero market risk with an on...
Get up to speed with the average interest rates offered by bank accounts in 2024. Our guide helps you make informed decisions for your financial growth.
Discover Bank offers a competitive 4.00% APY for its online savings account and has no opening deposit or balance requirements.
Depending on the type of savings account and your balance, TD Bank offers rates ranging from 0.01% to 4.00% APY.
The Chase Bank savings interest rate is below average. However, the bank offers other savings account perks for its customers, including the ability to automate savings.
Higher Interest Rates: The primary advantage of online banks is the ability to provide significantly higher interest rates on savings accounts. This means your money can grow faster over time, helping you reach your financial goals sooner. Lower Fees: Online banks often have lower or no fees compared to traditional banks. They typically avoid monthly maintenance fees and may offer fee-free ATM access or reimbursements for out-of-network ATM fees. Convenience and Accessibility: Online banks provi...
Vault’s Viewpoint on 5% Interest Savings Accounts ; 5% APY savings accounts are well above the national average and are an exceptional option to reach your long-term savings goals. As of November 2024, Newtek (5.25% APY), Pibank (5.50% APY), and MyBankingDirect offer (4.85% APY) interest or more on select savings accounts. There is a greater variety of banks that offer 5% interest savings accounts, compared to 6% and 7% interest savings accounts, which means you can take your time finding the ...
NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.