Time Plus News

Breaking News, Latest News, World News, Headlines and Videos

6 Savings Accounts That Earn Over 4.5% APY Right Now


A maximum high-yield savings rate of at least 4.5% will grow your savings balance over time.

Getty Images/iStockphoto

Today, you can earn around 5% APY with one High Yield Savings Account.

Some banks are passing on higher rates set by the Federal Reserve to customers Savings Account APYs. Not every savings account offers the same value, though. Today is usually the best place to find competitive rates Online banking only or online section of existing banks. These banks have lower overhead costs than their brick-and-mortar counterparts and offer less High Yield Savings Account Which can help you earn hundreds on your balance.

Today, many great high-yield accounts offer between 4.00% and 4.50% APY, far higher than the national average of 0.40% APY on regular savings accounts. Some are even inching towards 5%The target set the Fed funds rate range at 5.00%-5.25% following the Fed’s latest rate hike.

Below, we will get some details Best savings rates todayRight now with six high-yield savings accounts offering over 4.50% APY.

Compare today’s top rates now and start earning more interest.

6 high-yield savings accounts with APYs over 4.5%

The high-yield savings accounts below don’t just offer some of the best rates you can find today, but they do A safe place to keep your money. Each of these accounts is FDIC insured, meaning up to $250,000 in deposits per account holder and protected against per account type. Bank failure.

CIT Bank: 4.85% APY

You can earn up to 4.85% APY with CIT Bank’s Platinum Savings Account. Higher rates require a balance of $5,000 or more and have a minimum opening deposit of $100. Without a $5,000 balance, you’ll earn just 0.25% APY. There are no account fees. CIT Bank is a division of First-Citizen Bank and Trust.

Popular Direct: 4.85% APY

Popular Direct Savings also offers a great 4.85% APY, as long as you meet the $100 minimum opening deposit requirement. There are no monthly service fees, although you may be charged $25 if you close your account within 180 days of opening it. You can access your account anytime using online or mobile banking. Popular Direct is the online division of Popular Bank.

UFB Direct: 4.81% APY

The Premier Savings Account from UFB Direct offers 4.81% APY with no maintenance fees or minimum deposit requirements. UFB Direct is a division of online bank Axos Bank. In addition to its great rates, UFB’s high-yield account includes a complimentary ATM card, mobile check deposit and other digital tools for online banking.

Basque Bank: 4.75% APY

Bask’s Interest Savings Account earns 4.75% APY. It charges no monthly fees and has no minimum balance requirements. You can transfer money in and out of your account by linking two external accounts. Basque Bank is a division of Texas Capital Bank.

Bread Savings: 4.65% APY

You’ll earn up to 4.65% APY on deposits in the Bread Savings High-Yield Savings Account. It charges no monthly fees and only requires a minimum deposit of $100 to open Bread Savings is part of Bread Financial and a division of Community Capital Bank.

Salem Five Direct: 4.61% APY

The eOne Savings Account from Salem Five Direct earns 4.61% APY on every dollar you deposit up to $1 million. You need to deposit at least $10 to open the account, which has no monthly fee. There is no running minimum balance requirement. Salem Five Direct is the online division of Salem Five Bank.

Compare more of today’s top savings accounts here.

Bottom line

Savings Account Rate Better now than in several years. Depending on your balance, you can add Save hundreds or even thousands of dollars with a great high yield savings account.

Whether you are looking for your safe emergency fund or save money for a big expense coming up, a high-yield savings account is one of the best ways to make sure you get a significant benefit when it’s over. Growth from interest earnings.

Find the account and interest rate that best suits your savings goals and get started today!

MoneyWatch: Managing Your Money

more and more

Source link