high interest bearing savings account

Our interest–bearing, benefit-packed savings account. Relationship rate benefit. When you also have a Huntington 5 or Huntington 25 Checking account. At the Bank's discretion, the variable interest rate and APY may change to our standard interest rate and APY at any time. The interest rates and APYs are. A money market account for higher balances. Eligible to earn higher interest rates. This account requires a minimum opening deposit of $25,000. 0.01% APY. high interest bearing savings account

High interest bearing savings account -

Online Savings Account

save smarter, faster than ever.

Helpful tools. 24/7 support. No monthly maintenance fees or minimum balance requirements.

Finally a savings account that lets your money work smarter.

Track your progress and see the impact boosters can make in a crisp, clear chart.

Along with a competitive, variable rate and no monthly maintenance fees, the Ally Bank Online Savings Account comes with tools to help grow your money faster. We found people have saved, on average, 2x more when they’ve used our smart savings tools.

Track your progress and see the impact boosters can make in a crisp, clear chart.
  • Use buckets to organize your money and visualize what you’re saving for

  • Set up boosters to optimize and maximize your savings, even if the rate changes after you open the account

  • Make changes as new priorities arise

  • Get personalized recommendations to help you save more

Organize using buckets.

Set money aside for what matters to you. All in one place.

a few examples of buckets: Home improvements. Vet bills. Vacation

Divvy up your savings without multiple bank accounts or hard math.

Like digital envelopes, you can dedicate parts of your savings to whatever you want (or want to do). Create up to 10 buckets that will peacefully coexist in your Online Savings Account, and track your progress towards savings goals and target dates. Plus, you’ll still earn interest on your total balance.

an example of a bucket: Emergencies
an example of a bucket: Home improvements
an example of a bucket: Vacations

Optimize with boosters.

Accelerate your savings and put part of your strategy on autopilot.

Recurring Transfers

Set it and forget it. Move money into your savings on a schedule that makes sense for you.

Round Ups

We track your Ally Interest Checking accounts for transactions we can round up to the nearest dollar. When you accrue at least $5 in round ups, we transfer it to your savings.

Surprise Savings

We analyze your linked checking accounts for safe-to-save money, then transfer it to your savings so you don’t have to. 

Come for the helpful tools. Stay for everything else. 

No monthly maintenance fees or minimum balance requirements.

Keep in mind, with this type of account there’s a limit of 6 withdrawals per statement cycle. Why only 6?

Earn more than 5x the national average.

The national average for this type of account is 0.06% APY, based on rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 10/18/2021.

24/7 support.

Call, chat or email us any time. A real person is always available to help, day or night. 

See how we compare.

Our features maximize the way you save. Take a look for yourself.

Ally Bank

Online Savings Account

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

Bank of America

Advantage Savings

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

Chase Bank

Chase SavingsSM

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

Wells Fargo

Way2Save® Savings

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

What you should know

Our features information is accurate as of 11/1/2021.

Banks with maintenance fees often offer more than one condition, one of which you may be able to satisfy, to waive the fee or fees.

Our Annual Percentage Yields (APYs) are accurate as of . Keep in mind, these rates are variable and may change after the account is open. Fees may reduce earnings. The APYs for other banks are provided by mybanktracker.com and are accurate as of . The APYs in this table are for the state of California and are based on a minimum daily balance of $5,000.

The APY may remain the same for all balance tiers or change based on your account’s daily balance.  

A tier is a range of account balances.

Ally Bank Online Savings Account balance tiers:

  • Between $5,000 and $24,999.99

The APY we pay is based on the tier in which your end-of-day balance falls. APYs are variable and subject to change.

The rate of our Online Savings Account is more than 5x the national average of 0.06% APY, based on the national average of savings accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of 10/18/2021.

Fees, a short story.

You shouldn't be nickel and dimed for using your own money.

There's a lot we don't charge for

...and we won't hide the fees we do have.

Bank better, starting now.

It only takes a few minutes to open an account.

1. Tell us about yourself.

We'll need some personal details like your address, contact information and social security number.

2. Fund your account.

There’s no minimum amount to open an account, but the faster you fund, the sooner you’ll earn interest.

3. Enjoy our award-winning experience.

Get online access right away and explore everything we offer as well as other ways we can help you reach your goals.

Prepare for wherever life takes you.

Your journey is unique, and we want to help you meet the milestones that matter most to you. Check out more tips and tools to keep you moving forward.

Explore Life Events

The reviews are in.

People like it here. We think you will, too.

Average Rating

FAQs

  • You can make six withdrawals and transfers per statement cycle from your Online Savings Account. 

    Federal law permits limiting certain types of withdrawals and transfers from savings accounts. There's a $10 excessive transaction fee for each transaction that exceeds this limit. However, we're temporarily refunding this fee to help those of you impacted by COVID-19.

  • There are several ways you can add money to your accounts. You can transfer money from another bank or an Ally Bank account. We also offer Ally eCheck Deposit℠  to deposit checks. You can also send a wire transfer or mail checks to:

    Ally Bank

    P.O. Box 13625

    Philadelphia, PA 19101-3625

    Make sure checks are properly endorsed on the back with For Deposit Only and the signatures of all payees. Please don't send cash.

    You can also set up direct deposit with your employer. Direct Deposit (PDF)

  • You can withdraw money in 4 ways:

    • Online funds transfer
    • Outgoing wire transfer
    • Telephone transfer
    • Check request

    Federal law permits limiting certain types of withdrawals and transfers from savings accounts to a combined total of 6 per statement cycle. These limited transactions include things like Online and Mobile Banking transfers, transfers from your account to any of your accounts with us, or to a third party.

    There's a $10 excessive transaction fee for each transaction that exceeds this limit. However, we're temporarily refunding this fee to help those of you impacted by COVID-19.

    Some transactions are unlimited. For example, you can make as many deposits as you like, and you can call us any time to request a check made out to you.

  • The main difference is the way you access your money. A money market account gives you more access because you can be issued a debit card and checks. An online savings account doesn't include checks or a debit card.

    Discover more about our Online Savings and Money Market accounts. Also, find out how we can help you reach your financial goals when you're starting to save.

  • No. We don't accept cash deposits. However, there are several ways you can make a deposit into your account.

    • Remote check deposit with Ally eCheck Deposit℠
    • Online transfers and direct deposit
    • Wire transfers and mail
Источник: https://www.ally.com/bank/online-savings-account/

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  • High interest rate
    Earn interest, calculated daily when your account balance is $5,000 or more.
  • No Transaction Fee
    Transaction fees waived with minimum monthly balance of $25,0002,3
  • Automated Savings
    You can make saving part of your everyday life with our Automated Savings services
  • Additional account benefits
    Free paperless record keeping or online statements
  • Bank any way you like
    Get total flexibility to manage your savings in branch, at home or on the go

Account Fees

Monthly Fee

$0

Minimum monthly balance for fee waiver2,3

$25,000

Transaction Fee2,3

$5.00 each

Non-TD ATM Fee (in Canada)4

$2.00 each

Foreign ATM Fee (in U.S., Mexico)4

$3.00 each

Foreign ATM Fee (in any other foreign country)4

$5.00 each

Paper Statement Fee (no fee with minimum monthly balance of $25,000)

$2.00 per month

Our savings account interest rates

Whether you're saving for the future or for a large purchase, we can help you achieve your goals with a savings account that fits your needs.

Benefits of banking with TD

Pre-authorized Transfer Service

You decide how much you want to save and how often. Learn more.

Simply Save Program

Automatically help grow your savings every time you use your TD Access Card. Learn more.

TD app

The TD app lets you bank and trade securely whenever it's comfortable for you. Learn more.

TD MySpend

Paired with the TD app, TD MySpend keeps track of your monthly spending and helps improve your spending habits. Learn more.

TD Mobile Deposit

Deposit cheques as soon as you receive them, so you can spend more time doing the things you want5. Learn more.

Online Statements

Sign up for email notifications to let you know that your online statements are ready for viewing. It's convenient and flexible. Learn more.

Additional Account Details & Terms Information

Find out more about opening a TD account with helpful resources and information.

Open my Account

Open online

Fill out your secure application in approximately 10 minutes.

Book an appointment

Meet with a banking specialist in person at the branch closest to you.

Call us

Our banking specialists are ready to answer your questions and can assist you in opening an account

1-800-291-4335 1-800-291-4335

Deposit Insurance

CDIC logo, Deposit protection des dépôts

Your deposits may be insurable by the Canada Deposit Insurance Corporation.

Learn more

Back to topTop
Источник: https://www.td.com/ca/en/personal-banking/products/bank-accounts/savings-accounts/high-interest-savings-account/

High-Yield Savings Account with an APY 20x Higher than the National Average

The High-Yield Savings Account is available exclusively with the Cash Back Visa Debit® Card​! Start earning 2% (APY)​ on deposits up to a $10,000 balance —higher than what many banks pay in annual interest.

Set aside cash for things like a family vacation or even that new car you've had your eye on. You can move money to or from your High-Yield Savings Account at any time. This savings account is FDIC-insured.

Interest is paid on money in the High-Yield Savings Account every 12 months based on the average daily balance of the prior 365 days, up to a maximum balance of $10,000. Annual Percentage Yield (APY) are accurate as of 10/18/21 and may change before or after you open an account. Fees on your primary deposit account may reduce earnings on your savings account. The average national savings account interest rate of 0.06% is determined by the FDIC as of October 2021​. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Savings account rates are based on the $2,500 product tier. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more.​

Источник: https://www.greendot.com/personal-banking/our-products/high-yield-savings-account

Savings accounts

1Premier Savings Extra: Minimum opening balance is $5. Monthly service change is $10, but it will be waived if you maintain a $10,000 minimum daily balance. Must have a Premier Checking account with the same primary owner or account will default to a Webster Value Savings account interest rate. 

2Premier Savings: Minimum opening balance is $5. No monthly service charge. Must have a Premier Checking account with the same primary owner or account will default to a Webster Value Savings account interest rate. 

3Webster Value Savings:Value checking account not required. Minimum opening balance is $5. Monthly service charge is $5 but it will be waived if you maintain a $300 minimum daily balance, OR are under age 21 or are 65+.

4WebsterOne® Relationship Savings: Minimum opening balance is $5. Monthly service charge is $5 but it will be waived if you maintain a $300 minimum daily balance OR are under age 21 or are 65+. Must have a WebsterOne® Checking account or account will default to a Webster Value Savings account interest rate. 

5Holiday Club Savings: Minimum opening balance is $5. No monthly service charge. 

Источник: https://public.websteronline.com/personal/bank/savings

Savings accounts & Term Deposits

1 Requires a GoalSaver or NetBank Saver in your name only.

2 Our 100% security guarantee protects you from unauthorised transactions on personal and business accounts when you protect how you access your accounts and tell us if something is wrong. Tell me more.

The target market for these products will be found within the product’s Target Market Determination, available here.

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our  Financial Services Guide (PDF 60KB). Full terms and conditions for the transaction and savings accounts mentioned are available here (PDF 660KB) or from any branch of the Commonwealth Bank.

The CommBank app is available on Android operating systems 4.4+ and iOS operating system 9.0+. NetBank access with NetCode SMS is required. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play and Android are trademarks of Google Inc.

Источник: https://www.commbank.com.au/savings-accounts.html

Set yourself up to save with Key Active Saver. Use it with a KeyBank personal checking account to set up automatic savings, overdraft protection, make quick transfers between accounts and even waive the Key Active Saver monthly maintenance fee. In fact, with so many easy ways to save, maybe we should have called it Key Easy Saver.

Account Features & Benefits

No Monthly Maintenance Fee

When you also have a KeyBank personal checking account. Otherwise, $4.

Open with as Little as $10

And start saving from there.

More KeyBank Savings Accounts

Use Easyup® by KeyBank to set up automatic savings, link your checking and savings accounts to automatically cover overdrafts without a transfer fee, and see how easy it is to waive the monthly maintenance fee.

Grow your savings.

  • Gain an interest boost when your balance hits $5,000 or more
  • Several ways to waive the monthly maintenance fee1
Rates & Fees

Higher balances earn higher interest.

  • Higher interest rates on balances $25,000 and above to help grow your savings even faster
  • Easy access to your money at your local branch or ATM
Rates & Fees

Tax-free savings for qualifying medical expenses.

  • Contributions can be made by you or your employer
  • Withdraw funds tax-free to pay for qualified healthcare costs
Rates & Fees

Perfect account for beginners.

  • For children under age 18, without monthly maintenance fees
  • Interest-bearing account, compounded daily

Please read our Agreements and Disclosures. If you opened your deposit account online within the last 90 days, you may also review the original agreements and disclosures provided to you.

The following requirements must be met in order to waive the monthly maintenance fee on each type of savings account listed in the chart above:

The $4.00 monthly maintenance fee for Key Active Saver Account will be waived if the following requirement is met:

  • There is no monthly maintenance fee if you are an owner on a KeyBank consumer checking account (including the KeyBank Hassle-Free Account®), otherwise the fee will be $4.00.

The $18.00 monthly maintenance fee for Key Gold Money Market Savings Account will be waived if both of the following requirements are met:

  • The Daily Balance is $25,000.00 or more during the monthly statement period AND
  • Maintain a KeyBank consumer relationship package checking account.

The $12.00 monthly maintenance fee for Key Silver Money Market Savings Account will be waived if at least one of the following requirements is met:

  • Currently have or open a Key Advantage®, Key Privilege® or Key Privilege Select® checking account
  • The minimum daily balance is $5,000.00 or more during the monthly statement cycle
  • A monthly direct deposit of at least $25.00 is credited to your Key Silver Money Market Savings Account during the monthly statement cycle
  • A recurring monthly online banking transfer of $25.00 or more from another KeyBank deposit account is transferred to the Key Silver Money Market Savings Account during the monthly statement cycle.

The $2.50 or $5.00 monthly maintenance fee for Health Savings Account will be waived if both of the following requirements are met:

  • The Monthly Daily Balance is $500.00 or more during the monthly statement period AND
  • Direct deposit is established.

There is no monthly maintenance fee for Key4Kids®.

Subject to the terms of the Savings Overdraft Protection Agreement.

The $50 minimum opening deposit must come from funds not currently held in accounts at KeyBank or its affiliates and will be eligible for promotional rates.

This minimum opening deposit must come from funds not currently held in accounts at KeyBank or its affiliates. If you close your account within 180 days, you will be charged an account early closure fee.

Источник: https://www.key.com/personal/savings/savings-accounts.jsp

A checking account is often the workhorse of personal finance, serving as a central hub for paying bills, making purchases and planning for money goals. A savings account offers a smart way to store extra cash allocated for savings and other financial goals, while earning interest. Maybe you have your eye on a big purchase, like a new car, a piece of jewelry or even a killer vacation to make up for the one you had to cancel during the pandemic. Or maybe you're saving for a down payment on a house. Whatever your motivation, you'll want to take advantage of a savings account and all of its features.

If you need a savings account or are looking to upgrade your current bank account situation, hold on just a second. Before you head to a bank and open up any old savings account, you need to know what they're all about. The first factor you have to consider is interest. Even a high-interest savings account will only deliver a modest return. A certificate of deposit, or CD, may provide a decent interest rate and the risk is minuscule -- given that it's federally insured -- but it usually locks up money for a set period of time. That may be good for reaching a savings goal, but it's problematic if you want your savings to double as an emergency fund. You could invest in equities or a mutual fund, but those come with higher risks. The low risk and availability of your funds are the primary draws of a savings account.

But what about high-yield savings accounts? They're still not going to rake in a lot of money. We want to be clear about this: High-yield savings account interest rates, which are influenced -- but not directly set -- by the Federal Reserve, currently top out at around 1%. So, if your savings account had an account balance of $100,000 for a year, you'd earn approximately $1,000 in interest on it. That's not much, even with compound interest.

And yet, with all the protections of federal deposit insurance (securing balances up to $250,000) and relatively unfettered access to your money, savings accounts serve a purpose. They're also easy to apply for and the eligibility requirements are minimal; even a child can open an account with a parent or guardian co-signer and the minimum initial deposit.

Most savings accounts fall into one of two categories. There's the online-only kind, which is typically offered by newer banks without a retail presence. With no branches to maintain or tellers to pay, online banking tends to offer a higher annual percentage yield, or APY, which pays you more in interest over time; these high APY accounts are often referred to as "high yield." In contrast, most bigger institutions, regional banks and local credit unions with physical branches provide a way to make deposits or withdraw funds in person and have a face-to-face conversation.

With an online bank all your regular savings account transactions are done online or using another bank's ATM, and your customer service options are typically limited to an online chat, email or phone call. For people looking for a high APY who are already familiar with mobile banking and are comfortable with direct deposit, this is fine. If you want to interact with a person, however, online banking for your regular savings account might not be for you.

There's also a third scenario: Some banks have branches only in certain states and may offer a high-yield online-only deposit account exclusively to people who don't live in those states. According to Ken Tumin, founder and editor of DepositAccounts.com, these older institutions see specialized high-yield online-savings accounts as a way to receive more deposits in a regular savings account without having to build a physical branch.

Best savings accounts, compared


Best online savings accountHighest interest rateBest for in-person bankingAnother good choiceAnother good choice
Bank/institution High Yield Chime Savings Account Sallie Mae SmartyPig Citi Accelerate PNC High Yield Savings Account Vio Bank Online High Yield Savings Account
APY 0.5% Up to 0.7% 0.5% 0.4% 0.53%
Minimum deposit $0 $0 $0 $0 $100
Estimated annual earnings on $1,000 deposit $5 Up to $8 $5 $5.00 $5.70
Branch access No No Yes No No
Monthly fee $0 $0 $4.50 when your balance falls under $500 $0 $5 when you choose to receive paper statements

In choosing the best savings accounts, we evaluated more than a dozen offered by a wide variety of national and regional banks. Though we steered clear of local banks and financial institutions that don't serve a broad swath of customers in the US, it may be worthwhile to take a close look at your local bank and credit union options as you build your savings plan. You want to find an account that offers a consistently high interest rate regardless of your daily balance -- at the moment, savings account APYs may fluctuate on a weekly basis -- as well as low or no fees, low or no minimum balance, have FDIC insurance and convenient options for making withdrawals and deposits (direct deposit is key) online or in person. 

We also looked into factors like mobile banking, minimum deposit requirement, how easy it is to check your account balance, if there's an ATM fee, whether the financial institution requires a monthly maintenance fee, whether there's a minimum balance requirement and so much more.

Whether you want to open your first savings account or find a different place for your money, you've come to the right place. As mentioned above, we've looked at multiple savings accounts and our picks for the best savings account, which we frequently update, can help you find the best savings account at the right bank for your situation.

Best online savings account

High Yield Chime Savings Account

Chime
  • Interest rate: 0.5% APY
  • Availability: All 50 states
  • Minimum deposit: $0
  • Monthly fees: $0

If you're comfortable working with a financial institution that's exclusively online, Chime's high-yield account offers the best combination of features for a personal savings account: no fees, convenient ways to move money in and out, a slick app -- and one of the higher interest rates available with .5% APY savings account rate. You also get a free Chime checking account -- the two are a money package deal, like conjoined twins -- which serves as the primary mechanism for depositing and withdrawing funds. 

You can deposit checks remotely via Chime's modern, capable app, and the included Visa debit card can be used at more than 38,000 MoneyPass and Visa Plus Alliance ATMs. (You can also deposit cash at any store in the Green Dot network, which includes Walgreens, CVS and Family Dollar, though the onerous $4.95 per deposit fee should make that an option of last resort.) There's no minimum balance required, and Chime lets you round up purchases to the nearest dollar and deposit the difference in your savings account (similar to Acorns, the micro-investing service). 

Highest interest rate

Sallie Mae SmartyPig

Sallie Mae
  • Interest rate: Up to 0.7% APY
  • Availability: All 50 states
  • Minimum deposit: $0
  • Monthly fees: $0

Sallie Mae, perhaps best known as a student loan provider, also offers a goal-based savings account with no minimum deposit and the highest APY currently available. The company frames its SmartyPig account as "a free online piggy bank for people saving for financial goals like holiday gifts, vacations, and even retirement." That noted, using this bank account to save for retirement isn't recommended -- especially because of Sallie Mae's odd, regressive approach to interest rates, which start at a 0.7% higher APY on balances below $2,500 and gradually decrease to 0.55% on balances above $50,000. 

As such, this account is best-suited to people who are new to saving their money, who plan to build or maintain balances under $10,000 and who might ultimately benefit from less convenient access to their money.That's because the SmartyPig account comes with no ATM card, Sallie Mae doesn't have branches where you can make deposits or withdrawals, and there's no app to enable easy online savings account transfers. (Though you can transfer or withdraw funds at any time through the bank's web-based interface, customers are encouraged to set up a recurring automatic deposit from a paycheck or other account.) Still, if you're looking to save a modest amount of money for a specific purpose -- and maximize your interest rate while you're doing it -- SmartyPig is worth a look.

Best for in-person banking

Citi Accelerate

Citi
  • Interest rate: 0.5% APY
  • Availability: Throughout the US except California; Connecticut; Illinois; Maryland; Nevada; New Jersey; New York; Virginia; parts of Florida; Washington, DC; and Puerto Rico
  • Minimum deposit: $0
  • Monthly fees: $4.50 when your balance falls under $500

If you prefer dealing with a large bank, Citi's Accelerate account offers a competitive APY and all the benefits of a national chain with branches across 42 US states. You get free access to more than 60,000 Citi and other surcharge-free ATMs, 24/7 customer service and other perks if you link a Citi checking account to your savings account. Though this bank account requires no minimum initial deposit, Citi will charge you $4.50 monthly maintenance fee if your checking account balance falls below $500. 

Note that although Citibank is one of the largest banks in the world, it doesn't have a foothold in every state. If branch access is your priority, you're better off with a different personal savings account if you live in California; Connecticut; Illinois; Maryland; Nevada; New Jersey; New York; Virginia; Washington, DC; Puerto Rico; or one of several parts of Florida.

Another good choice

PNC High Yield Savings Account

PNC
  • Interest rate: 0.4% APY
  • Availability: Accessible in the 19 states that don't have a PNC branch
  • Minimum deposit: $0
  • Monthly fees: $0

Available only to residents of the 19 states where PNC doesn't have a retail location, which are New York, Pennsylvania, New Jersey, Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia, Alabama, Florida, Ohio, West Virginia, Kentucky, Illinois, Michigan, Indiana, Missouri, Wisconsin and Washington DC.

PNC's online-only high-yield savings account offers a decent interest rate, no minimum initial deposit, no minimum balance, no monthly maintenance fee or other fees. 

Источник: https://www.cnet.com/personal-finance/banking/best-savings-account/

Set yourself up to save with Key Active Saver. Use it with a KeyBank personal checking account to set up automatic savings, overdraft protection, make quick transfers between high interest bearing savings account and even waive the Key Active Saver monthly maintenance fee. In fact, with so many easy ways to save, maybe we should have called it Key Easy Saver.

Account Features & Benefits

No Monthly Maintenance Fee

When you also have a KeyBank personal checking account. Otherwise, $4.

Open with as Little as $10

And start saving from there.

More KeyBank Savings Accounts

Use Easyup® by KeyBank to set up automatic savings, link your checking and savings accounts to automatically cover overdrafts without a transfer fee, and see how easy it is to waive the monthly maintenance fee.

Grow your savings.

  • Gain an interest boost when your balance hits $5,000 or more
  • Several ways to waive the monthly maintenance fee1
Rates & Fees

Higher balances earn higher interest.

  • Higher interest rates on balances $25,000 and above to help grow your savings even faster
  • Easy access to your money at your local branch or ATM
Rates & Fees

Tax-free savings for qualifying medical expenses.

  • Contributions can be made by you or your employer
  • Withdraw funds tax-free to pay for qualified healthcare costs
Rates & Fees

Perfect account for beginners. high interest bearing savings account

  • For children under age 18, without monthly maintenance fees
  • Interest-bearing account, compounded daily

Please read our Agreements and Disclosures. If you opened your deposit account online within the last 90 days, you may also review the original agreements and disclosures provided to you.

The following requirements must be met in order to waive the monthly maintenance fee on each type of savings account listed in the chart above:

The $4.00 monthly maintenance fee for Key Active Saver Account will be waived if the following requirement is met:

  • There is no monthly maintenance fee if you are an owner on a KeyBank consumer checking account (including the KeyBank Hassle-Free Account®), otherwise the fee will be $4.00.

The $18.00 monthly maintenance fee for Key Gold Money Market Savings Account will be waived if both of the following requirements are met:

  • The Daily Balance is $25,000.00 or more during the monthly statement period AND
  • Maintain a KeyBank consumer relationship package checking account.

The $12.00 monthly maintenance fee for Key Silver Money Market Savings Account will be waived if at least one of the following requirements is met:

  • Currently have or open a Key Advantage®, Key Privilege® or Key Privilege Select® checking account
  • The minimum daily balance is $5,000.00 or more during the monthly statement cycle
  • A monthly direct deposit of at least $25.00 is credited to your Key Silver Money Market Savings Account during the monthly statement cycle
  • A recurring monthly online banking transfer of $25.00 or more from another KeyBank deposit account is transferred to the Key Silver Money Market Savings Account during the monthly statement cycle.

The $2.50 or $5.00 monthly maintenance fee for Health Savings Account will be waived if both of the following requirements are met:

  • The Monthly Daily Balance is $500.00 or more during the monthly statement period AND
  • Direct deposit is established.

There is no monthly maintenance fee for Key4Kids®.

Subject to the terms of the Savings Overdraft Protection Agreement.

The $50 minimum opening deposit must come from funds not currently held in accounts at KeyBank or its affiliates and will be eligible for promotional rates.

This minimum opening deposit must come from funds not currently held in accounts at KeyBank or its affiliates. If you close your account within 180 days, you will be charged an account early closure fee.

Источник: https://www.key.com/personal/savings/savings-accounts.jsp

A checking account is often the workhorse of personal finance, serving as a central hub for paying bills, making purchases and planning for money goals. A savings account offers a smart way to store extra cash allocated for savings and other financial goals, while earning interest. Maybe you have your eye on a big purchase, like a new car, a piece of jewelry or even a killer vacation to make up for the one you had to cancel during the pandemic. Or maybe you're saving for a down payment on a house. Whatever your motivation, you'll want to take advantage of a savings account and all of its features.

If you need a savings account or are looking to upgrade your current bank account situation, hold on just a second. Before you head to a bank and open up any old savings account, you need to know what they're all about. The first factor you have to consider is interest. Even a high-interest savings account will only deliver a modest return. A certificate of deposit, or CD, may provide a decent interest rate and the risk is minuscule -- given that it's federally insured -- but it usually locks up money for a set period of time. That may be good for reaching a savings goal, but it's problematic if you want your savings to double as an emergency fund. You could invest in equities or a mutual fund, but those come with higher risks. The low risk and availability of your funds are the primary draws of a savings account.

But what about high-yield savings accounts? They're still not going to rake in a lot of money. We want to be clear about this: High-yield savings account interest rates, which are influenced -- but not directly set -- by the Federal Reserve, currently top out at around 1%. So, if your savings account had an account balance of $100,000 for a year, you'd earn approximately $1,000 in interest on it. That's not much, even with compound interest.

And yet, with all the protections of federal deposit insurance (securing balances up to $250,000) and relatively unfettered access to your money, savings accounts serve a purpose. They're also easy to apply for and the eligibility requirements are minimal; even a child can open an account with a parent or guardian co-signer and the minimum initial deposit.

Most savings accounts fall into one of two categories. There's the online-only kind, which is typically offered by newer banks without a retail presence. With no branches to maintain or tellers to pay, online banking tends to offer a higher annual percentage yield, or APY, which pays you more in interest over time; these high APY accounts are often referred to as "high yield." In contrast, most bigger institutions, regional banks and local credit unions with physical branches provide a way to make deposits or withdraw funds in person and have a face-to-face conversation.

With an online bank all your regular savings account transactions are done online or using another bank's ATM, and your customer service options are typically limited to an online chat, email or phone call. For people looking for a high APY who are already familiar with mobile banking and are comfortable with direct deposit, this is fine. If you want to interact with a person, however, online banking for your regular savings account might not be for you.

There's also a third scenario: Some banks have branches only in certain states and may offer a high-yield online-only deposit account exclusively to people who don't live in those states. According to Ken Tumin, founder and editor of DepositAccounts.com, these older institutions see specialized high-yield online-savings accounts as a way to receive more deposits in a regular savings account without having to build a physical branch.

Best savings accounts, compared


Best online savings accountHighest interest rateBest for in-person bankingAnother good choiceAnother good choice
Bank/institution abacus federal savings bank High Yield Chime Savings Account Sallie Mae SmartyPig Citi Accelerate what banks can you open a checking account online PNC High Yield Savings Account Vio Bank Online High Yield Savings Account state bank of cross plains
APY 0.5% Up to 0.7% air force federal credit union shared branches 0.5% 0.4% 0.53%
Minimum deposit $0 walmart eye center bremen ga $0 $0 $0 $100 where can i sell gift cards for cash
Estimated annual earnings on $1,000 deposit $5 Up to $8 high interest bearing savings account $5 high interest bearing savings account $5.00 $5.70
Branch access No first internet bank mortgage first choice community online banking No high interest bearing savings account Yes high interest bearing savings account high interest bearing savings account No my amazon payments account No
Monthly fee $0 $0 $4.50 when your balance falls under $500 $0 $5 when you choose to receive paper statements wells fargo bank usa email address

In choosing the best savings accounts, we evaluated more than a dozen offered by a wide variety of national and regional banks. Though we steered clear of local banks and financial institutions that don't serve a broad swath of customers in the US, it may be worthwhile to take a close look at your local bank and credit union options as you build your savings plan. You want to find an account that offers a consistently high interest rate regardless of your daily balance -- at the moment, savings account APYs may fluctuate on a weekly basis -- as well as low or no fees, low or no minimum balance, have FDIC insurance and convenient options for making withdrawals and deposits (direct deposit is key) online or in person. 

We also looked into factors like mobile banking, minimum deposit requirement, how easy it is to check your account balance, if there's an ATM fee, whether the financial institution requires a monthly maintenance fee, whether there's a minimum balance requirement and so much more.

Whether you want to open your first savings account or find a different place for your money, you've come to the right place. As mentioned above, we've looked at multiple savings accounts and our picks for the best savings account, which we frequently update, can help you find the best https www t online de login account at the right bank for your situation.

Best online savings account

High Yield Chime Savings Account

Chime
  • Interest rate: 0.5% APY
  • Availability: All 50 states
  • Minimum deposit: $0
  • Monthly fees: $0

If you're comfortable working with a financial institution that's exclusively online, Chime's high-yield account offers the best combination of features for a personal savings account: no fees, convenient ways to move money in and out, a slick app -- and one of the higher interest rates available with .5% APY savings account rate. You also get a free Chime checking account -- the two are a money package deal, like conjoined twins -- which serves as the primary mechanism for depositing and withdrawing funds. 

You can deposit checks remotely via Chime's modern, capable app, and the included Visa debit card can be used at more than 38,000 MoneyPass and Visa Plus Alliance ATMs. (You can also deposit cash at any store in the Green Dot network, which includes Walgreens, Https www t online de login and Family Dollar, though the onerous $4.95 per deposit fee should make that an option of last resort.) There's no minimum balance required, and Chime lets you round up purchases to the nearest dollar and deposit the difference in your savings account (similar to Acorns, the micro-investing service). 

Highest interest rate

Sallie Mae SmartyPig

Sallie Mae
  • Interest rate: Up to 0.7% APY
  • Availability: All 50 states
  • Minimum deposit: $0
  • Monthly fees: $0

Sallie Mae, perhaps best known as a student loan provider, also offers a goal-based savings account with no minimum deposit and the highest APY currently available. The company frames its SmartyPig account as "a free online piggy bank for people saving for financial goals like holiday gifts, vacations, and even retirement." That noted, using this bank account to save for retirement isn't recommended -- especially because of Sallie Mae's odd, regressive approach high interest bearing savings account interest rates, which start at a 0.7% higher APY on balances below $2,500 and gradually decrease to 0.55% on balances above $50,000. 

As such, this account is best-suited to people who are new to saving their money, who plan to build or maintain balances under $10,000 and who might ultimately benefit from less convenient access to their money.That's because the SmartyPig account comes with no ATM card, Sallie Mae doesn't have branches where you can make deposits or withdrawals, and there's no app to enable easy online savings account transfers. (Though you can transfer or withdraw funds at any time through the bank's web-based interface, customers are encouraged to set up a recurring automatic deposit from a paycheck or other account.) Still, if you're looking to save a modest amount of money for a specific purpose -- and maximize your interest rate while you're doing it -- SmartyPig is worth a look.

Best for in-person banking

Citi Accelerate

Citi
  • Interest rate: 0.5% APY
  • Availability: Throughout the US except California; Connecticut; Illinois; Maryland; Nevada; New Jersey; New York; Virginia; parts of Florida; Washington, DC; and Puerto Rico
  • Minimum deposit: routing number first midwest bank fees: $4.50 when your balance falls under $500

If you prefer dealing with a large bank, Citi's Accelerate account offers a competitive APY and all can i open a bank account online chase benefits of a national chain with branches across 42 US states. You get free access to more than 60,000 Citi and other surcharge-free ATMs, 24/7 customer service and other perks if you link a Citi checking account to your savings account. Though this bank account requires no minimum initial deposit, Citi will charge you $4.50 monthly maintenance fee if your checking account balance falls below $500. 

Note that although Citibank is one of the largest banks in the world, it doesn't have a foothold in every state. If branch access is your priority, you're better off with a different personal savings account if you live in California; Connecticut; Illinois; Maryland; Nevada; New Jersey; New York; Virginia; Washington, DC; Puerto Rico; or one of several parts of Florida.

Another good choice

PNC High Yield Savings Account

PNC
  • Interest rate: 0.4% APY
  • Availability: Accessible in the 19 states that don't have a PNC branch
  • Minimum deposit: $0
  • Monthly fees: $0

Available only to residents of the 19 states where PNC doesn't have a retail location, which are New York, Pennsylvania, New Jersey, Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia, Alabama, Florida, Ohio, West Virginia, Kentucky, Illinois, Michigan, Indiana, Missouri, Wisconsin and Washington DC.

PNC's online-only high-yield savings account offers a decent interest rate, no minimum initial deposit, no minimum balance, no monthly maintenance fee or other fees. 

Источник: https://www.cnet.com/personal-finance/banking/best-savings-account/

Savings accounts & Term Deposits

1 Requires a GoalSaver or NetBank Saver in your name only.

2 Our 100% security guarantee protects you from unauthorised transactions on personal and business accounts when you protect how you access your accounts and tell us if something is wrong. Tell me more.

The target market for these products will be found within the product’s Target Market Determination, available here.

The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our  Financial Services Guide (PDF 60KB). Full terms and conditions for the transaction and savings accounts mentioned are available here (PDF 660KB) or from any branch of the Commonwealth Bank.

The CommBank app is available on Android operating systems 4.4+ and iOS operating system 9.0+. NetBank access with NetCode SMS is required. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store high interest bearing savings account a service mark of Apple Inc. Google Play and Android are trademarks of Google Inc.

Источник: https://www.commbank.com.au/savings-accounts.html

Savings accounts

1Premier Savings Extra: Minimum opening balance is $5. Monthly service change is $10, but it will be waived if you maintain a $10,000 minimum daily balance. Must have a Premier Checking account with the same primary owner or account will default to a Webster Value Savings account interest rate. 

2Premier Savings: Minimum opening balance is $5. No monthly service charge. Must have a Premier Checking account with the same primary owner or account will default to a Webster Value Savings account interest rate. 

3Webster Value Savings:Value checking account not required. Minimum opening balance is $5. Monthly service charge is $5 but it will be waived if you maintain a $300 minimum daily balance, OR are under age 21 or are 65+.

4WebsterOne® Relationship Savings: Minimum opening balance is $5. Monthly service charge is $5 but it will be waived if you maintain a $300 minimum daily balance OR are under age 21 or are 65+. Must have a WebsterOne® Checking account or account will default to a Webster Value Savings account interest rate. 

5Holiday Club Savings: Minimum opening balance is $5. No monthly service charge. 

Источник: https://public.websteronline.com/personal/bank/savings

High-Yield Savings Account with an APY 20x Higher than the National Average

The High-Yield Savings Account is available exclusively with the Cash Back Visa Debit® Card​! Start earning 2% (APY)​ on deposits up to a $10,000 balance —higher than what many banks pay in annual interest.

Set aside cash first internet bank mortgage things like a family vacation or even that new car you've had your eye on. You can move money to or from your High-Yield Savings Account at any time. This savings account is FDIC-insured.

Interest is paid on money in the High-Yield Savings Account every 12 months based on the average daily balance of the prior 365 days, up to a maximum balance of $10,000. Annual Percentage Yield (APY) are accurate as of 10/18/21 and may change before or after you open an account. Fees on your primary deposit account may reduce earnings on your savings account. The average national savings account interest rate of 0.06% is determined by the FDIC as of October 2021​. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Savings account rates are based on the $2,500 product tier. Visit https://www.fdic.gov/regulations/resources/rates/ to high interest bearing savings account more.​

Источник: https://www.greendot.com/personal-banking/our-products/high-yield-savings-account

*The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.

 

For a CD account, high interest bearing savings account are subject to change at any time without notice before the account is opened. Your rate will be fixed on the business day‡ we receive your completed application, provided we receive your deposit within 30 days after your application is approved. After a CD is opened, additional deposits to the account are not permitted. Early CD withdrawals may be subject to significant penalties which could cause you to lose some of your principal. Please see the Deposit Account Agreement for additional terms and conditions and Truth-in-Savings disclosures.

 

**The national rate referenced is from the FDIC's published Monthly Rate Cap Information for Savings deposit products. Visit the FDIC website for details.

 

†You are generally permitted to make up to nine (9) withdrawals or transfers out of your High Yield Savings Account during a monthly statement cycle. However, please note that there are strict rules for withdrawing money from an IRA plan (including an IRA High Yield Savings Account) before retirement age without incurring a penalty. Read More in FAQs.

 

‡For purposes of transferring funds, business days are Monday through Friday, excluding holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin to be processed on the next business day.

 

♢Calculations are estimates of expected interest earned. Actual results may vary, based on various factors such as leap years, timing of deposits, rounding, and variation in interest rates. The first recurring deposit is assumed to begin in the second period after any initial deposit.

 

§IRA Contributions are subject to aggregate annual limits across all IRA plans held at American Express or other institutions. IRA distributions may be taxed and subject to penalties based on IRS guidelines. Required minimum distribution, if applicable, is only relevant to this IRA plan and does not take into consideration other IRA plans held at American Express or other institutions. Please see IRS.gov for more information. We recommend you consult with a financial or tax advisor when making contributions to and distributions from an IRA plan account.

 

 

 

Источник: https://www.americanexpress.com/en-us/banking/online-savings/faq/what-is-a-hysa-account/

1 Replies to “High interest bearing savings account”

  1. Yes and yes! I linked my Ally account directly to SoFi. SoFi notifications have worked great. No issues for me on the interface or anything whatsoever.

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