![]() What to look out for: You'll have to be comfortable with an online-only banking experience. Currently, the Columbia Bank Yield Savings Account pays the highest rate. There are other high-yield savings accounts available on Raisin that pay 5.00% APY or more. The account is available through and managed by Raisin, a digital savings marketplace that connects you with multiple high-yield savings options. You only need $1 to get started, and there are no monthly fees. Why it stands out: This high-yield savings account pays a great interest rate. Best interest rates for savings accounts Columbia Bank Savings Account, powered by Raisin All of the banks on our list are FDIC insured, and the credit unions are federally insured by the NCUA. We check over three dozen financial institutions daily to keep up with their new rate offerings. Below, you'll find some of the best high-interest savings accounts, CDs, high-yield checking accounts, and money market accounts. To get a more competitive interest rate at a national brick-and-mortar bank, you'll probably have to consider a premium savings account or money market account. For example, Wells Fargo pays 0.15% APY on its Way2Save Savings account. Generally, national brick-and-mortar banks pay lower interest rates on traditional savings accounts. SoFi Checking and Savings: Up to 4.30% APY.Synchrony High Yield Savings: 4.30% APY.If want to explore national brands, here are some institutions that offer competitive rates: Savings accounts from popular online banks can offer good rates, too. Sometimes, you'll find the highest savings rates at banks you haven't heard of before. In this case, the bank would either move your insured money to another federally insured institution or mail you a check. If you're wary of banks since First Republic Bank failed, keep in mind up to $250,000 per depositor is safe in a federally insured bank even if it is shut down. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |