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.
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.
Wells Fargo offers two types of standard savings accounts, both of which earn interest. ; Interest rates on all Wells Fargo savings accounts are fairly low. You’ll need at least $100,000 in deposits to earn an annual percentage yield (APY) over 1.00%. ; Wells Fargo is currently offering a sign-up bonus of $525 for new savings accounts, making it a more attractive option.
In this Guide: What Are Average Savings Interest Rates? · Factors That Affect Savings Rates · Where To Find the Latest Rates · Optimizing Savings in Light of Rate Fluctuations · The Bottom Line · Frequently Asked Questions
TD Bank’s savings account rates range from 0.01% to 4.00% APY, primarily depending on your account balance. ; TD Bank has no minimum opening deposit requirement on either of its savings accounts. ; Along with its savings account offerings, TD Bank also offers CD, checking, credit card, loan and retirement products.
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.
Checking and savings accounts may have different interest rates and rules. Learn the difference between checking and savings accounts and how they work.
A savings account is a bank or credit union account designed to keep your money safe while providing interest. Learn how savings accounts work.
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...