Pentagon Federal Credit Union - 0.75% APYīankrate’s guide to choosing a high-yield savings account.
Bread Savings (formerly Comenity Direct) - 1.65% APY.The best high-yield savings account rates High-yield savings accounts are a safe place to keep your emergency fund or short-term savings goals. What is a high-yield savings account?Ī high-yield savings account is a savings vehicle that typically pays a higher yield on your money than a standard savings account or checking account. Bankrate’s editorial team used its knowledge of financial services and banking experience to choose the best ways to rate high-yield savings accounts. Always follow FDIC and NCUA limits and guidelines.īankrate’s editorial team chose the criteria and developed a scoring system to determine the best savings accounts. Savings accounts that offer a competitive yield and don’t require a minimum balance or charge a maintenance fee are a good fit for any type of saver.įinally, the bank needs to be an FDIC-insured bank or at an NCUA credit union that’s insured by the NCUSIF so your money is safe. But many online banks offer high-yield savings accounts that don’t require you maintain a minimum balance. A savings account that charges fees likely isn’t the right account for you. (FDIC) at banks or by the National Credit Union Share Insurance Fund (NCUSIF) at National Credit Union Administration (NCUA) credit unions.ĪPYs (interest rates), account minimums and whether you’d have to pay a monthly service fee are some of the most important things to look at before choosing a savings account. All of the accounts listed below are insured by the Federal Deposit Insurance Corp. To find the best high-yield savings accounts, our editorial team analyzed annual percentage yield (APY), minimum balance requirements, monthly fees and requirements to avoid monthly fees. Bankrate’s editorial and research teams analyzed more than 100 widely available financial institutions, made up of the biggest banks and credit unions, as well as a number of popular online banks. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service.
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.īankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Editorial Independenceīankrate’s editorial team writes on behalf of YOU – the reader. Our editorial team does not receive direct compensation from our advertisers. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. What to do when you lose your 401(k) matchīankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Should you accept an early retirement offer? How much should you contribute to your 401(k)?
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