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.
Discover 6% interest savings accounts. We'll also explain alternative savings options so you can find the best high-interest account for your savings.
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 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
How a TD Savings Account can help meet your needs ; Automate your savings · Set up a Pre-authorized Transfer or the Simply Save program to help build your savings. Learn More ; TD MySpend · Paired with the TD app, use TD MySpend to keep track of your monthly spending and help you find ways to save more.5 ; No monthly fees · You'll save money with one less expense to worry about.
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.
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...
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.
Vault’s Viewpoint on Chase Bank ; Chase offers three savings accounts with different benefits, including one only accessible to Chase Private Client customers. ; Chase Bank interest rates are much lower than competitors. ; Existing Chase checking account holders can set up automatic savings deposits.
Vault’s Viewpoint on Citibank ; Citibank offers a generous APY for its high-yield savings account but a much lower APY for its basic savings account. ; Citi offers relationship tiers with additional benefits such as reimbursement of non-Citi ATM fees and access to the Citi Personal Wealth Management team. ; Citi’s high-yield savings account is available nationwide.