Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.
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.
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.
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.
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 (4.85% APY), and CIT B...
Some of the top banks with the highest interest rates are Customers Bank, TAB Bank, Cloud, UFB, Bread, Bask, Upgrade, Varo and more.
Bank · Checking account/Savings account combo · Standard savings yield · Yield with relationship · Minimum balance to avoid monthly checking account fee
5%, its highest mark in two decades. "Most consumers have not realized that they're being... " As a rule, savings account interest rates rise and fall with the prime rate. The more banks...
My Banking Direct High-Yield Savings ; APY* · 4.85% ; Min. deposit · $500 ; Min. balance to earn APY · $1 ; Monthly fee · $0