A high-yield savings account is an excellent choice for people looking to keep their short-term savings for long-term goals, such as a vacation or a down payment fund. It offers higher interest rates than a traditional savings account. Here are the best high-yield savings accounts you can open in today’s market.
The high-yield savings account from Discover comes with all the features that people need, such as high-interest rates and no fees. It also eliminates all of the minimum deposit requirements and monthly maintenance fees.
Discover comes with all the features people need, such as high-interest rates and no fees. It also allows customers to manage their accounts through their mobile devices.
The high-yield savings account from Ally is ideal for people comfortable with online banking. It offers a high-interest rate and no monthly fees. The account is straightforward and has various tools to help people boost their savings. One of these is the ability to customize their savings goals, which is included in the account’s features.
With the Allpoint network, customers can access their local ATMs at any of the participating banks. They can also speak with a bank representative over the phone 24 hours daily.
For people looking to maintain a monthly savings plan, the savings account from the bank, the Savings Builder, is a good choice. To qualify, customers must have a minimum balance of $25,000 and deposit at least $100 monthly.
Customers must keep track of their account’s evaluation period and calendar to be eligible to ensure they meet the requirements. If they fail to meet these requirements in one cycle, they can still qualify for the next one.
The high-yield savings account from Varo is an excellent choice for people who want to maintain their savings plan. It offers the highest advertised rate of 2.80%. To benefit from this account, customers must open a checking account and deposit at least $1,00 per month. They also have to make five purchases a month using their ATM card.
With the help of its online tools, such as Save Your Pay and Save Your Change, Varo can help people manage their finances. The former allows them to transfer a portion of their paycheck to their savings automatically.