It’s even possible to earn more than a 5.00% annual percentage yield (APY) on a high-yield savings account. To get a sense of how long this period of high savings rates may last, it can be ...

Ally Bank’s high-yield savings account rate is 4.00% APY, which is competitive with the rates offered by other top online banks. Unlike most of those banks, however, this APY applies to all ...

CNBC Select will update as changes are made public. Opening a high-yield savings account (HYSA) is a great way to boost your emergency fund or save for short-term financial goals. Some HYSAs have ...

To boost your retirement savings, look for ways to increase your income, cut spending and consider tax-advantaged accounts. With traditional pensions a rarity nowadays, it’s up to workers to ...

Today, the national average interest rate for savings accounts is just 0.46%, according to the FDIC. But that doesn’t mean you’re stuck earning a low rate on your savings. Many banks and ...

A savings account is an interest-earning deposit account at banks, credit unions and other financial institutions, including online-only banks, designed to help you save for future expenses or ...

If you’re still stashing your money away in a traditional savings account, you could be missing out on extra cash. While most banks and credit unions offer savings accounts, the rates offered vary.

Our top picks for the best high-yield savings account rates are SoFi Bank (4.30%), Bask Bank (4.85%) and Discover Bank (4.10%), but rates are as high as 6.00% from First Community Bank.

Here’s a quick look at the pros and cons of high-yield savings accounts. We’ll explore each of these benefits or disadvantages more in the sections below. Figures are correct as of October 2024.

The Varo Savings Account offers an APY of 3.00% APY, but you can earn 5.00% APY on balances up to $5,000 if you meet some requirements. To qualify for the 5.00% APY, you’ll need to have a Varo ...

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The High-Yield Savings Account from CloudBank 24/7 comes with an APY of 4.65%, which is 11.4x higher than the national average (0.46%). The CloudBank 24/7 Savings Account is offered through Raisin ...