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If you're searching for a place to save money for short-term goals, a high-yield savings account may be a good fit. The highest-yield savings account offers more than 2.25% annual percentage yield right now.
Guide to the best savings accounts Guide to the best high-yield savings accounts can be great starting points in your research if you're looking for bank accounts with unique perks or features. If you are looking for the best rates, this list may be right for you.
What are today’s interest rates for savings accounts?
The FDIC monitors the national interest rates for bank accounts that earn interest. FDIC National Deposit Savings rates is the current average interest rate for savings accounts.
We've been checking over a dozen financial institutions to keep up with their new rate offerings. We have accounts that offer higher interest rates than the average national rate, as online banks tend to offer high-yield accounts.
High-yield savings accounts that offer competitive rates pay as high as 2.75% APY. Interest rates are subject to change. Variable interest rates are available in savings accounts. This means rates can fluctuate at anytime.
Federal Reserve Increased the federal funds ratesThis has happened several times in 2018. Therefore, savings interest rates will continue to rise throughout 2022.
The best savings account interest rates
Bask Bank Interest Savings Bank Account: Bask Bank Intl Savings Bank Account
Bask Bank Interest Savings Account boasts the highest interest rate in our database. Bask Bank could be a good fit if you'd like to open an account with Bask Bank Interest Savings Account. The online bank offers limited services. There are two types of savings accounts. If you're looking for a checking account or a CD, you'll want to consider other financial institutions.
TAB Bank High Yield Savings account: TAB High Yield Savings account
You might consider banking with TAB Bank if you're looking to open other accounts along with your high-yield savings account. TAB Bank offers competitive CD rates along with its TAB High Yield Savings Account.
TAB Bank doesn't have an ATM network though, so when you use any ATM, the bank will charge you a fee.
BrioDirect High Yield Savings account: BrioDirect Higher-Yielding Savings Account
If you are able to open an account with at minimum BrioDirect High–Yield Savings, then the Redirect High Yield Savings Savings Account may appeal to you. However, most high-yield savings account at online banks require lower opening deposits.
UFB Rewards Savings – UFB Rewards Savings
UFB Rewards Savings could be worthwhile if you'd like easy access to your account — the savings account comes with an ATM card. UFB Direct offers only certain types of online savings accounts.
CIT Bank Savings Connection: CIT Bank SavingsConnect Account
CIT Bank Savings Connect Account offers a simple savings account with a high interest rate. CIT Bank might be ideal if you're searching for CDs or money market accounts, too. CIT Bank offers the following: unique promotional offerThrough its money market account the bank offers many CD options.
Citizens Access Online Savings: Citizens Online Access Savings account
Citizens Online Access Savings Account offers a high-yield, online-only savings account that charges no monthly service fees. However, keep in mind you'll need at least Citizens Online Access Savings Account to open an account.
CIBC Agility account: CIBC Account
The CIBC Agility account is a high-yield savings account that can be opened as long as there are at least two CIBC Agility accounts.
CIBC Bank USA is a US division of Toronto’s Canadian Imperial Bank of Commerce. CIBC Bank USA provides an online savings account and CDs which you can open anywhere in the US. You can also open checking or money market accounts, even if you are not from Illinois, Michigan, Missouri, Wisconsin, or elsewhere in the United States.
LendingClub High Yield Savings account: LendingClub Higher-Yielding Savings Account
LendingClub’s High-Yield Savings Account is a great option if you already have a LendingClub Savings Account. LendingClub also offers solid cash-back checking accounts.
