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High Yield Savings Account A smart choice for anyone looking to save while increasing their balance with interest earnings. And when a Great interest rates As one of the first things to consider, choosing an account with built-in features that make it easy to set and meet savings goals can also help you.
Recently released Apple High Yield Savings Account There was a great example. In addition to its competitive 4.15% APY, the account offers the tools to make savings seamless. For example, you can get daily cash rewards on your Apple Card Transfer automatically Use a built-in dashboard to track account and savings, interest earned and more
These may be useful features for some — especially if you’re a regular Wallet app user — but Apple’s savings account isn’t the only one that offers tools you can use to make saving a little easier.
Below, we outline a few more High-yield accounts Available today with solid interest rates and added online savings features.
Compare high-yield savings options here now to learn more.
High yield savings account with online savings tools
Here are a few high-yield savings accounts that just don’t offer Good rates and terms But come with online or mobile savings tools to track your progress, set new goals, and more
Ally Bank’s High-Yield Savings Account offers 3.75% APY with no monthly fee or minimum.
You can allocate your savings to various purposes using the account’s “bucket” feature (your emergency fund, an upcoming vacation, a big purchase, etc.). Ally refers to these buckets as “digital envelopes,” and you can designate up to 10.
Another Mitra Savings Account feature is “Amazing Savings.” It lets you link any of your checking accounts to your savings, and Ally will analyze your regular expenses and spending to identify “safe-to-save” money that it will automatically transfer to your savings. If you use your checking account primarily for regular, recurring expenses, this can be a good way to allocate more to your savings each month without having to think about it.
Learn more about today’s top savings account options right here.
Sally is the mother
Sallie’s Mae’s SmartyPig Savings Account also offers a 3.75% APY with no fees or minimums.
Once you open an account, you can set savings goals with timeframes by which you want to reach your goals. You’ll even see a progress tracker on your account so you can keep track of how you’re doing. Additionally, Sallie Mae offers the option to set up automatic monthly or bi-weekly deposits from your checking account into your savings.
Alliance Credit Union
Alliant’s High-Rate Savings Account earns 3.10% APY when you keep a minimum balance of $100 and has no monthly fees as long as you choose eStatements.
The account offers the convenience of an ATM card that you can use to access your money at over 80,000 ATMs nationwide, in addition to mobile and online transfers. But you can open up to 19 “supplementary” savings accounts through your online account, which you can designate to different savings goals and use to track each savings goal individually.
How to Choose a High-Yield Savings Account
There are a few different factors you should look for in any new high-yield savings account.
First, you’ll want to look at the account terms. with Today’s high interest rates, a competitive APY will help you grow your savings to a greater extent over time. Many of today’s high-yield accounts offer up to 4% APY or more.
You should too Compare fees and minimum deposit or balance requirements. There are enough great high-yield options out there that you can easily avoid paying fees to maintain your account. And if you already have some money saved up, the minimum balance requirement may not be as big of a factor. If you’re starting from scratch, make sure you have enough money at the time of opening your account to meet your requirements.
Finally, any savings account you open should be FDIC-insured (or NCUA-insured if it’s a credit union). It will guarantee your deposits up to $250,000 per bank per account type in case of bank failure, so you You don’t have to worry about losing your money.
After that, the additional features and tools any bank can offer for online or mobile banking are the cherry on top. Find the combination of account terms and added features that will help you best meet your savings goals so you can start saving and build your balance while rates are high.
Savings features and tools that make saving a little easier can be a great way to stay motivated to save. Like Apple Savings Account’s seamless automatic transfers and account dashboard, these features can help you save more without thinking too much about it.
Still, be sure to consider these tools alongside interest rates and other account terms that align with your goals.
If you’re ready to start saving, compare today’s top high-yield savings rates.
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