Are you looking for a way to grow your savings? High-yield savings accounts are a great option. They offer higher interest rates than regular savings accounts.
In 2025, the USA has many competitive options. These accounts help your savings grow efficiently, with little risk.
Our guide shows you the best accounts. It helps you choose where to put your money wisely.
Key Takeaways
- Earn higher interest rates with top high-yield savings accounts.
- Competitive options available in the USA for 2025.
- Grow your savings with minimal risk.
- Top accounts offer flexible terms and conditions.
- Make informed decisions with our updated guide.
What Makes High-Yield Savings Accounts Worth Your Money
High-yield savings accounts are a safe place to keep your money. They offer good returns and are secure. Knowing the benefits of these accounts is key for growing your savings.
The Power of Higher Interest Rates
High-yield savings accounts earn higher rates than regular savings accounts. This means you will accumulate more money. “They’re ideal for saving for short or long-term goals, such as a house down payment or retirement,” says Bankrate.
Safety and Security Features
These accounts also have strong safety and security features. Most are insured by the FDIC or NCUA, covering up to $250,000. This gives savers peace of mind, knowing their money is safe.
“The FDIC protects depositors’ funds in case of bank failures, making high-yield savings accounts a secure choice for savers.”
This quote shows how important this feature is.
To sum up, high-yield savings accounts are great for growing your money safely. They offer high interest rates and strong security.
The Best High-Yield Savings Accounts in USA 2025
The top high-yield savings accounts in the USA for 2025 were picked with care. Our guide helps you find the best accounts to grow your savings.
Our Selection Methodology
We looked at several important factors to choose the best accounts. These include APY rates, account fees, and minimum balance requirements. We also checked the user experience, mobile banking, and customer service each bank offers.
“The key to maximizing savings is to find an account that balances high APY with low fees and accessible customer service.”
This approach gives you a complete view of the top savings options.
Current Market APY Averages
The average APY for high-yield savings accounts is about 4.5%. But rates can change a lot based on the bank and market.
It’s key to compare rates and terms to pick the right account for your savings goals.
1. Ally Bank Online Savings Account
Ally Bank Online Savings Account is a top choice in the high-yield savings market. It offers competitive interest rates and strong features. This account helps savers grow their money efficiently.
Current APY and Key Features
The Ally Bank Online Savings Account has a competitive APY. It’s a great option for those wanting to grow their savings. Key features include mobile banking, allowing users to manage accounts on-the-go, and a user-friendly online interface. Ally Bank also offers 24/7 customer support, ensuring help is always available.
Account Requirements and Limitations
To open an Ally Bank Online Savings Account, no minimum deposit is required. This makes it accessible to many savers. While Ally Bank doesn’t charge maintenance fees, there are limits on certain transactions. For example, six withdrawals or transfers per month are allowed by federal regulations.
Understanding these limits is key to getting the most from this high-yield savings account.
Overall, the Ally Bank Online Savings Account is a good choice for those looking for a high-yield savings option. It offers flexible terms and strong customer support.
Current APY and Key Features
The Ally Bank Online Savings Account has a competitive APY. Real-Life Example (Sept 2025 Update): According to Bankrate, the Ally Bank Savings Account currently offers 3.50% APY, with no minimum deposit and zero monthly fees, making it a great option for those wanting to grow their savings efficiently. Bankrate Key features include mobile banking…
Additional Market Context
It’s worth noting that other no-fee high-yield savings accounts are offering even higher rates—even up to 4.35% APY—including Newtek Bank and Bread Savings, per a recent Kiplinger review. Kiplinger Plus, Bankrate confirms that top high-yield accounts are still reaching 4.35% APY as of September 2025. Bankrate
2. Marcus by Goldman Sachs High-Yield Savings
Marcus by Goldman Sachs is a top pick for a high-yield savings account. It’s known for its high interest rates and simple banking. This makes it a great choice for growing your savings.
Current APY and Key Features
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Real-Life Update (September 2025): Marcus currently offers a 3.65% APY on its high-yield savings account, with no minimum balance and no monthly fees—making it accessible and appealing to a wide range of savers. Marcus+1Bankrate
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Recognition: “One of the best online savings accounts” according to NerdWallet, and featured among the “10 Best High-Yield Savings Accounts of September 2025” by Forbes NerdWalletForbes.
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Market Context: While Marcus is strong, Bankrate reports that some online banks now offer rates up to 4.35% APY Bankrate, and Business Insider notes that Marcus delivers significantly higher returns than average—but that a few others are offering even better rates Business Insider.
Now, here are some of its main features:
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No fees: Marcus doesn’t charge any fees, like maintenance or overdraft fees.
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No minimum balance requirements: You don’t need to maintain a certain balance.
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Mobile banking: Manage your account easily through the Marcus app.
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High-yield interest: Solid APY helps your savings grow.
Account Requirements and Limitations
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No initial deposit required to open an account.
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Withdrawal limits apply by federal law (typically six per month).
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No physical branches or ATM access available; all activity is via mobile or online.
Summary
Marcus by Goldman Sachs High-Yield Savings is a smart choice—fee-free, easy to use, and offering a competitive 3.65% APY. Though a few competitors are offering rates up to 4.35%, Marcus stands out for its simplicity and strong reputation.
| What’s Added | Source |
|---|---|
| Real-Life APY (3.65%) | Marcus official site (Marcus) |
| Recognition by NerdWallet & Forbes | (NerdWallet, Forbes) |
| Market comparison (4.35% APY) | Bankrate (Bankrate) |
| Analysis note on competitive landscape | Business Insider (Business Insider) |
3. Capital One 360 Performance Savings
The Capital One360 Performance Savings account is a great choice for those who want to earn more interest.
Current APY and Key Features
Capital One360 Performance Savings has a competitive APY of 4.05% APY as of the latest update. It’s known for having no fees and no minimum balance needed. This makes it easy for many people to save.
- No monthly maintenance fees
- No minimum balance required to open or maintain the account
- Mobile banking app for easy account management
- 24/7 customer support
Account Requirements and Limitations
While the Capital One360 Performance Savings account is easy to understand, there are some things to know. It’s meant for personal savings, not for business use.
| Feature | Detail |
|---|---|
| Minimum Balance Requirement | None |
| Monthly Maintenance Fees | $0 |
| Interest Compounding | Daily |
Real-Life Example
If you deposit $10,000 in a Capital One 360 Performance Savings account at 4.05% APY, you’ll earn around $405 in one year. By comparison, a traditional savings account at 0.40% APY would only earn $40.
This shows how much faster money grows in a high-yield savings account like Capital One 360.
| Pros | Cons |
|---|---|
| 4.05% APY – higher than many banks | No ATM/debit card access |
| No fees, no minimum balance | Limited to 6 withdrawals per month |
| User-friendly mobile app & 24/7 support | Fully online – branch cash withdrawals not supported |
| FDIC insured |
In summary, the Capital One360 Performance Savings account is a good pick for those looking for a high-yield savings option. It’s flexible and easy to use.
4. Discover Online Savings Account
Discover Online Savings is a top choice among high-yield savings accounts. It has a competitive APY and many features that appeal to savers.
Current APY and Key Features
The Discover Online Savings Account has a competitive APY. It’s great for those wanting to grow their savings. Its main features include:
- No minimum balance needed to open or keep the account
- No monthly fees
- A mobile app for easy account management
- FDIC insurance up to $250,000
Account Requirements and Limitations
While the Discover Online Savings Account has many perks, there are some things to know:
| Feature | Description |
|---|---|
| Minimum Balance Requirement | No minimum balance needed |
| Monthly Withdrawal Limit | 6 transactions per month (more may cost fees) |
| Interest Compounding | Daily compounding |
Real-Life Example
Let’s say you set aside $10,000 in this account. At 3.50% APY, you’d make roughly $350 in a year. Compare that with a standard savings account at 0.40% APY—you’d only earn about $40. That’s a pretty big gap for doing nothing extra.
| Pros | Cons |
|---|---|
| Solid 3.50% APY | No physical bank branches |
| No fees, no minimums | Strict withdrawal limits |
| FDIC insured | APY can change if market rates drop |
| Cash bonus for new users | Not ideal for business accounts |
What People Say
Discover usually scores well on review sites. For example, NerdWallet gives it 4.6/5 stars, noting how easy the online platform is to use. Customers often mention that support staff respond quickly, which is not something every online bank can brag about.
NerdWallet – Discover Review
Limited-Time Bonus
Another reason many people are eyeing Discover this year is the $150–$200 new account bonus (promo code: GBPP325), valid until September 11, 2025. Basically, you get paid just for opening an account.
👉 The Sun – Discover $200 Bonus
Knowing these details can help you get the most from your Discover Online Savings Account.
5. American Express High Yield Savings
If you’re looking for a high-yield savings account, American Express is a great choice. It offers a good APY and has features that are easy for customers to use.
The American Express High Yield Savings account has a competitive interest rate. This makes it a good option for those who want to save money. The account is simple to understand, so you can see how your savings will grow.
Current APY & Industry Standing
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APY (as of September 2025): Approximately 3.50% — a nicely competitive rate that beats most traditional banks.
Yahoo Finance -
Acknowledged by experts: NerdWallet ranks the Amex savings product among the better-rated high-yield accounts, thanks to its simplicity and digital experience.
NerdWalletThe Motley Fool -
Background perspective: While American Express isn’t offering the absolute top rates (~3.50%), it delivers consistently above-average returns.
InvestopediaBarron’s
Core Features at a Glance
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APY: ~3.50%
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Fees: Zero monthly fees
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Minimum Balance: $0—open with any amount
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FDIC Insurance: Up to $250,000
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Access: Manageable via mobile and web—no physical branches required
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Support: 24/7 customer help
American Express+1
| Feature | Detail |
|---|---|
| APY | 4.25% |
| Minimum Balance Requirement | $0 |
| Monthly Maintenance Fees | $0 |
Account Requirements and Limitations
While the American Express High Yield Savings account has many benefits, there are some things to keep in mind:
- Maximum balance limit: $1 million
- Limited transactions per month due to federal regulations
- Potential for rate changes over time
It’s important to check these details to make sure the account fits your savings goals and needs.
Real-World Impression
One user on a Bankrate review mentioned how quick and easy it was to open their account—and that the customer support was “excellent,” although they wished fund access was faster.
Bankrate
Real-Life Calculation
You drop $10,000 into this account at 3.50% APY and—boom—you earn around $350 in a year with zero effort. Hold that amount in a traditional bank? Maybe just about $40. Big difference for doing nothing extra.
Is It Right For You?
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If you’re already using Amex for credit cards or rewards, this brings it all into one place.
NerdWalletFortune -
Prefer simplicity, no fees, and decent returns without hunting for the absolute top rate? This works.
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Just saving up for college, an emergency fund, or a short-term goal? It’s dependable.
Bigger Context
As of early September 2025, some online savings accounts are offering up to 4.35% APY, significantly higher than Amex’s rate. But Amex still holds its own with strong convenience and reliability.
BankrateKiplinger
Meanwhile, inflation hovers around 2.7%, meaning high-yield options like Amex still outperform traditional savings for beat-the-inflation returns.
Kiplinger+1
6. Synchrony Bank High Yield Savings
The Synchrony Bank High-Yield Savings account is a good option for people who want to earn solid interest on their money without extra hassle. The rates are competitive, and with features like a mobile app and FDIC protection, managing the account becomes simple. Because of this, it works well for both new savers and those with more experience.
Current APY (as of May 2025): 4.00% — that’s significantly higher than most brick-and-mortar banks offer.
Real-Time APY & Recognition
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Current APY (as of May 2025): 4.00% — that’s significantly higher than most brick-and-mortar banks offer. Business Insider
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Business Insider’s verdict: Synchrony scores well across rates, accessibility, and ease of use, making it a well-rounded pick. Business Insider
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MarketWatch also gives Synchrony a solid 4.5/5 overall rating, with top marks in savings and tech usability. MarketWatch
Key Features & Account Details
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No minimum balance needed — you can open and maintain the account with any amount. Business InsiderSynchrony
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No monthly fees — keeps all your earnings intact. Business Insider
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FDIC insurance up to $250,000 — your deposits are protected.
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Daily interest compounding — your savings build faster.
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Optional ATM card plus up to $5/month reimbursement for out-of-network ATM fees. Synchrony
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Accessible mobile and online banking, with features for easy transfers and check deposits. Synchrony+1
Requirement Details Minimum Age / SSN Must be 18+, U.S. SSN required (Business Insider) Withdrawal Limit 6 per month (federal regulation) APY Flexibility Variable — can change anytime (Synchrony)
Real-Life Take
One Redditor shared:
“Just opened the HYSA. Good rates. The app is great, and they approved me quickly—even with a low ChexSystems score.” Reddit
That’s the kind of usability and accessibility real people appreciate.
Example Scenario
Stash $10,000 in this account and at 4.00% APY, you’d collect about $400 in interest over a year—without lifting a finger. A big boost compared to just pennies from traditional banks.
Market Perspective
Right now, other online accounts are hitting as high as 4.35% APY with no fees. Kiplinger But Synchrony’s 4.00% still ranks well within the top tier—especially when you factor in its app, ATM options, and reputation.
Who It’s Best For
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Anyone seeking a hassle-free, online-only high-yield savings account
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Savers who value ease-of-access, flexibility, and a solid interest rate
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People who need an ATM card for fast, convenient withdrawals
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Those wary of app glitches or delays—Synchrony’s platform is well-rated for reliability
Summary
The Synchrony Bank High-Yield Savings account is a simple and reliable option. It offers a 4.00% APY, no minimum balance, and zero fees, which is much better than most traditional banks. Whether you save a small or large amount, your interest grows steadily thanks to daily compounding.
There is one limitation: only a few withdrawals are allowed per month. Still, with FDIC insurance and easy mobile access, it remains a safe and convenient choice for savers.
Knowing these rules helps you get the most out of the Synchrony Bank High Yield Savings account.
7. SoFi Checking and Savings
SoFi Checking and Savings stands out with its high APY and easy-to-use features. It’s a great choice for managing your money well. It combines the best of checking and savings accounts.
Current APY and Key Features
SoFi offers a top high-yield savings rate for both accounts. It has:
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High-Yield Savings Rate: SoFi offers competitive interest rates on both checking and savings accounts. (SoFi APY Details)
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No Fees: No monthly fees and no minimum balance required. (SoFi Fees)
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ATM Access: Access over 55,000 Allpoint ATMs nationwide.
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Mobile App: The SoFi app is intuitive, with tools to track spending, savings, and set financial goals.
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Vaults: Separate “Vaults” help you organize and manage different savings goals easily.
With daily compounding and easy account management, your money can grow steadily without the usual hassles of traditional banks.
The SoFi mobile app is easy to use. It has great tools for managing your money. SoFi’s account also has competitive interest rates and easy access to your money.
Account Requirements and Limitations
| Requirement | Details |
|---|---|
| Age & Residency | Must be 18+ and a U.S. citizen or permanent resident (SoFi Account Requirements) |
| Social Security Number | Required for verification |
| Fees | Out-of-network ATM fees may apply; overdraft protection is available, but overdraft fees exist (SoFi Fees) |
| Access | Fully digital — mobile app and online banking |
To open a SoFi account, you need to meet some requirements:
- Being a U.S. citizen or permanent resident
- Being at least 18 years old
- Having a valid Social Security number
Some things to keep in mind include:
- Out-of-network ATM fees
- Overdraft fees, but SoFi offers overdraft protection
Real-Life Impression
Many users highlight how SoFi’s mobile app makes money management simple. You can instantly move funds between checking and savings, track your progress on savings goals, and access your money through thousands of ATMs without fees.
Example Scenario
Suppose you deposit $5,000 into your SoFi Savings Vault. With a competitive APY, your money can grow steadily over a year while you organize and track multiple financial goals through the app — all with no minimum balance or monthly fees.
Summary
SoFi Checking and Savings is a great choice if you want banking that’s simple and flexible. You get fee-free accounts, easy ways to track your savings goals, and competitive interest rates. With its user-friendly mobile app and convenient features, it’s ideal for anyone looking to save and manage money smartly in 2025.
8. Bread Savings High-Yield Savings Account
The Bread Savings High-Yield Savings Account is a great option for anyone looking to grow their money without extra stress. With solid interest rates, no minimum balance, and a simple online interface, it’s perfect for savers who want a modern and easy way to manage their funds.
Current APY and Key Features
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High Interest Rate: Bread Savings offers an APY that’s above the national average, helping your money grow faster.
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No Minimum Balance: You don’t need to keep a minimum amount in your account.
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Mobile Banking: Manage your account easily on the go with the mobile app.
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Online Access: Full online account management makes saving simple and convenient.
With these features, Bread Savings makes it easy for anyone to save consistently without the usual banking hassles.
Account Requirements and Limitations
To start a Bread Savings High-Yield Savings Account, you need to provide personal info and proof of address. There are no monthly maintenance fees. But, there might be limits on some transactions, like transfers or withdrawals, due to federal rules. It’s important to check these details to see if the account fits your financial goals.
| Requirement | Details |
|---|---|
| Personal Info | You need to provide basic personal information and proof of address |
| Fees | No monthly maintenance fees (Bread Fees) |
| Transaction Limits | Some limits on transfers or withdrawals may apply due to federal regulations |
| Access | Fully online and mobile — no physical branches |
Summary
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9. CIT Bank Savings Connect
CIT Bank Savings Connect is a top pick for those looking for high-yield savings accounts. It offers a great way to save with competitive interest rates.
Current APY and Key Features
The CIT Bank Savings Connect account has a competitive APY. This makes it a great choice for those wanting to grow their savings. Key features include:
- High-Yield Interest Rates: Earn a competitive interest rate on your savings.
- No Minimum Balance Requirements: Open and maintain your account without worrying about minimum balance requirements.
- FDIC Insurance: Your deposits are insured up to the maximum limit, providing a layer of security.
According to CIT Bank’s official data, the account’s APY is among the highest in the market. This makes it a favorable option for savers.
Account Requirements and Limitations
While CIT Bank Savings Connect offers many benefits, there are some requirements and limitations to be aware of:
| Feature | Description |
|---|---|
| Minimum Opening Deposit | $100 |
| Monthly Maintenance Fees | $0 |
| Withdrawal Limitations | 6 per month |
Understanding the terms and conditions is key. CIT Bank Savings Connect has specific requirements to avoid issues.
“CIT Bank Savings Connect is a solid choice for those seeking a high-yield savings account with no minimum balance requirements and competitive interest rates.”
In conclusion, CIT Bank Savings Connect is a good option for those looking for a high-yield savings account. Its competitive APY and lack of minimum balance requirements make it attractive.
10. Barclays Online Savings
Barclays Online Savings is a great option for those wanting to grow their savings. It offers many features and a competitive APY.
Current APY and Key Features
Barclays Online Savings has a high APY, making it appealing to savers. It has no minimum balance requirement, giving users flexibility. The account also offers easy online banking and management.
Account Requirements and Limitations
While Barclays Online Savings has many benefits, there are some downsides. It might have transaction limitations due to federal rules. Barclays also needs identity verification for new accounts, which is common for online security.
Overall, Barclays Online Savings is a good pick for a high-yield savings account with a trusted bank.
How to Choose the Right High-Yield Savings Account for Your Needs
Finding the perfect high-yield savings account can seem hard. But, with the right tips, you can make a smart choice. When choosing a high-yield savings account, think about what you want to achieve financially.
Evaluating APY vs. Account Features
The high-yield savings APY is key because it affects how much your savings grow. But, don’t forget about other important features. Things like mobile banking, online access, and customer support are also vital. You want a good APY and the features you need.
Understanding Fee Structures
Savings account fees can cut into your savings. So, it’s important to know about fees in your high-yield savings account. Look for accounts with low or no fees. Also, watch out for conditions that might lead to extra charges, like not meeting a minimum balance.
Accessibility and Customer Service Considerations
How easy it is to use your account and the quality of customer service matter a lot. Think about if you like banking on your phone or online. Also, check how good the bank’s customer service is. You want to know you can get help when you need it.
Conclusion
Choosing the right high-yield savings account is key to growing your savings. The top accounts for 2025, like Ally Bank Online Savings Account and Marcus by Goldman Sachs High-Yield Savings, offer great APY rates. They also have flexible terms.
These accounts are a safe and secure way to increase your savings. Many come with mobile banking apps and online management. When picking an account, look at APY, fees, and how easy it is to use. This ensures it meets your financial goals.
In short, the best high-yield savings accounts can really boost your savings. By knowing what these accounts offer, you can choose wisely. Start growing your savings today and reach your long-term financial goals.
FAQ
What is a high-yield savings account?
A high-yield savings account earns more interest than a regular savings account. This means your savings can grow faster over time.
Are high-yield savings accounts safe?
Yes, they are safe. High-yield accounts are offered by trusted banks. They are insured by the FDIC or NCUA, protecting up to 0,000.
How do I choose the best high-yield savings account?
Look at the APY, fees, and minimum balance. Also, consider the account’s features and customer service.
Can I access my money in a high-yield savings account?
Yes, you can get to your money. But, some accounts might limit withdrawals or transfers each month.
What is the difference between a high-yield savings account and a certificate of deposit (CD)?
A high-yield savings account is liquid and earns interest. A CD is a time deposit with a fixed term and penalties for early withdrawal.
Are there any fees associated with high-yield savings accounts?
Some accounts have fees like maintenance or overdraft fees. But, many have no fees or waive them under certain conditions.
Can I open a high-yield savings account online?
Yes, many banks and credit unions let you open accounts online. This makes it easy to start saving and earning interest quickly.
How is the interest rate on a high-yield savings account determined?
The bank or credit union sets the interest rate. It can change based on market conditions, the Federal Reserve’s policies, and the institution’s needs.
Can I have multiple high-yield savings accounts?
Yes, you can have more than one. This helps you diversify your savings, take advantage of different rates, and organize your goals.
