Best High-Yield Savings Account Interest Rates A high-yield savings account offers a better-than-average annual percentage yield compared with all savings accounts. According to the FDIC, the average APY across all savings accounts as of Oct. 21, 2024, was 0.45%. At the same time, there wer...
Pros and cons of a high-yield savings account A high-yield savings account offers a higher rate of return on your money compared to standard savings accounts. But some of these accounts charge fees, have minimum balances requirements, and offer variable interest rates that can go up and down...
Reports that HSBC Holdings PLC of London has introduced a high-yield online savings account in the United States that could challenge other online banks that compete on interest rates, such as ING Bank FSB and Emigrant Ban...
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....
Compare offers to find the right savings account What is a high-yield savings account? A high-yield savings account has a higher annual percentage yield (APY) than a traditional savings product. Your APY is the amount of interest your account accrues in a year. The interest in some HYSAs...
Compare offers to find the right savings account What is a high-yield savings account? Ahigh-yield savings accounthas a higher annual percentage yield (APY) than a traditional savings product. Your APY is the amount of interest your account accrues in a year. The interest in some HYSAs com...
A high-yield savings account (HYSA) is a type of bank account that typically offers a much higher interest rate on deposits than a traditional savings account. High-yield savings accounts are more commonly offered by online-only banks than traditional banks or credit unions. When comparing the...
If your bank offers a competitive, high-yield savings account, it should be easy to open a new account. It will likely be possible with little need to enter personal information because you will already be verified with the institution. If you're opening a savings account at a new institu...
9. Liberty Savings Bank – APY: 0.56% Liberty Savings Bank is another brick-and-mortar financial institution that offers online high-yield savings accounts. A huge corporation may not run them, but rest assured that your funds are secured since the Federal Deposit Insurance Corporation protects th...
A high-yield savings account is a bank account that earns a higher-than-average return. The average savings account pays only a small yield.