Learn more: Read our Newtek Bank reviewUFB Direct: 4.31% APYUFB Direct's branchless, online-only model allows it to keep costs down and offer some of the best rates on savings and money market accounts on the market. It offers high-yield savings, money market accounts (MMAs), and ...
If you don't plan to deposit that amount, however, the bank also offers other savings accounts with yields that are significantly better than 0.25% APY. The top rate on one of those accounts is only slightly lower than the Platinum Savings' highest rate. Keep in mind there are high-yield...
Like high-yield savings accounts,money market accountsare interest-bearing deposit accounts insured by the FDIC. They also allow easy access to funds — sometimes your bank will send you a set of checks when you open one of these accounts. ...
CIT Bank is known for offering multiple savings accounts. CIT Bank’s Platinum Savings account earns the highest yield on balances of $5,000 or more, while the Savings Connect account can be opened with just $100. These accounts don't charge a monthly maintenance fee. CIT Bank also has mo...
Can you take money out of a high-yield savings account? Which bank has savings accounts with a 7% interest rate? Are high-yield savings accounts insured? Is there a catch to a high-yield savings account? Subscribe to the CNBC Select Newsletter! Money matters — so make the most of it....
The CIT Bank interest rate is highly competitive. If you maintain a balance of $5,000 or more, you can earn a 4.55% APY. That’s more than ten times the national average, making the Platinum one of the best high-yield savings accounts out there. However, you’ll earn an APY of jus...
1. How does a high-yield savings account work? A high-yield savings account offers higher interest rates than traditional savings accounts. Generally, a high-yield savings account will have around a 5% interest rate. The bank will pay you interest off the money you deposit into the account....
Check what the limit is for your bank or credit union. What Are Some Alternatives to High-Interest Savings Accounts? A high-yield savings account is a great way to store your money safely, but it isn’t the only way. These are some alternatives: A traditional savings account. Instead of...
However, checking accounts of this nature usually require you to hold a significant balance and use a debit card frequently. Note A high-yield savings account has a variable interest rate that can change over time. It also allows you to withdraw money when you need it. Your bank may have...
Rate verified as of Oct. 15, 2024 My Banking Direct, High Yield Savings Account – 5.00% APY Required opening deposit:$500 Minimum balance requirement:Any amount Monthly fee:None ATM card:No Mobile check deposit:Yes Checking accounts available:Yes ...