A high-yield savings account is a type of savings account that offers a higher interest rate than a traditional savings account. This can help you earn more money on your savings and can be a good option for building your emergency fund or saving for other goals. Here are some of the top high-yield savings accounts for your money.
Discover Bank
Discover Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.40%, which is higher than the national average. Discover Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Ally Bank
Ally Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.50%, which is higher than the national average. Ally Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
American Express National Bank
American Express National Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.40%, which is higher than the national average. American Express National Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Synchrony Bank
Synchrony Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.60%, which is higher than the national average. Synchrony Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Barclays Bank
Barclays Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.50%, which is higher than the national average. Barclays Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Capital One Bank
Capital One Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.40%, which is higher than the national average. Capital One Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Wells Fargo Bank
Wells Fargo Bank offers a high-yield savings account with no minimum balance requirement and no monthly fees. The account offers an interest rate of 0.01%, which is lower than the national average. Wells Fargo Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Chase Bank
Chase Bank offers a high-yield savings account with a minimum balance requirement and monthly fees. The account offers an interest rate of 0.01%, which is lower than the national average. Chase Bank also offers a variety of other financial products, including checking accounts, CDs, and money market accounts.
Conclusion
A high-yield savings account is a good option for earning more money on your savings. There are many banks and credit unions that offer high-yield savings accounts, and it’s important to compare the interest rates, fees, and other terms before choosing an account. Some of the top high-yield savings accounts include Discover Bank, Ally Bank, American Express National Bank, Synchrony Bank, and Barclays Bank. By choosing a high-yield savings account, you can earn more money on your savings and work towards achieving your financial goals.