Earn more on your savings with competitive rates and exclusive welcome bonuses.
In today's financial landscape, letting your money sit in a traditional savings account earning just 0.41% Annual Percentage Yield (APY) is like watching your purchasing power slowly erode. High-yield savings accounts offer a powerful solution, with rates currently reaching over 4% APY—more than 9 times the national average. We surveyed top rates from banks, like Brio Direct, Member FDIC; American Express National Bank, Member FDIC; Betterment, Member FDIC; Gainbridge; Barclays, Member FDIC; CIT Bank, Member FDIC; SoFi Checking and Savings, Member FDIC; Synchrony Bank High Yield Savings, Member FDIC.
I had all of my saving with Chase because the branch was down the road. Once I realized a high-yield savings account would make be a few hundred dollars in interest per year and was FDIC insured, it was an easy choice to switch for the better rate.
My savings account didn't have much in it, but 0.01% interest with Bank of America seemed very low. With a little research, I found better rates at a ton of banks. The difference isn't making me rich, but I feel better having a real interest rate on my savings.
