savings account interest rates near me

Genisys Credit Union offers a variety of rates for our savings, checking, retirement, education, money market, certificate and health savings accounts. Start saving with a PFCU Savings Account. Great rates and specialty packages available. Primary, Higher Yield, Money Market, and Special Savings options. As your account balance grows, your interest rate has the potential to increase too. See today's rates. Rewarding relationships. Qualifying clients can enjoy. savings account interest rates near me

Savings

For more details on our personal savings accounts, please refer to our disclosures.

1FDIC insurance is available up to applicable limits. To evaluate the amount of FDIC coverage on your accounts, we suggest you use the estimator tool on the FDIC website.

Simple Savings

2Maintain an average monthly balance of $250 to waive the $5 monthly fee or enjoy your account maintenance fee-free if you've notified us that you're 18 or younger or 65 or older.

Performance Plus Money Market

3Minimum opening deposit of $1. The minimum balance to obtain the 0.20% APY is $30,000. If your balance is between $10,000 - $29,999.99, the interest rate is 0.15% and the APY is 0.15%. If your balance is between $10 - $9,999.99, the interest rate is 0.10% and the APY is 0.10%. This is a variable rate tiered account and rates may change after account is opened. Offer available only if you live or work in Massachusetts. Fees may reduce earnings.

4Maintain an average monthly balance of $1,000 to waive the $10 monthly fee.

Savings Account Rates

5Annual Percentage Yield (APY). Rates on the above accounts may change after the account is opened. Fees could reduce earnings what is a trust company these accounts.

6Bonus tier on Performance Plus Money Market Accounts for customers with a Performance Plus Checking Account, CSB @ Work, or CSB One @ Work Checking accounts.

Certificates of Deposit

7Rates are subject to change without notice. The APY is based on monthly compounding with funds held to maturity. Additional deposits to CDs are not permitted. All CDs are available as Retirement accounts with a $500 opening deposit. Substantial penalties for early withdrawal may be imposed. Fees may reduce earnings. For more information, please refer to our disclosures.

Источник: savings account interest rates near me

Best High-Yield Savings Accounts Of November 2021

Sallie Mae’s SmartyPig Account offers a competitive APY and has a few features that make it a great savings account interest rates near me for those just starting to save in a high-yield savings account. The SmartyPig online savings account provides savers with tools to create and track savings progress for specific goals—just like an online piggy bank.

This account also can help savers with smaller balances build up their savings faster. There are no minimum balance requirements and, in fact, the highest APY is reserved for balances of $10,000 and under. Typically, higher balances earn higher yields.

Read our full Sallie Mae Bank review.

Details
The SmartyPig account pays 0.70% APY on balances from $0.01 to $2,500, 0.70% APY on balances from $2,500.01 to $10,000, 0.45% APY on balances from $10,000.01 to $50,000 and 0.45% APY on balances of $50,000.01 and above. Interest is compounded daily and credited monthly.

Pros & Cons

  • Competitive APYs
  • Easy to create and track savings goals
  • No monthly fees or balance requirements
  • Tiered interest rate structure with lower rates on higher balances may deter some high balance savers
  • Mixed reviews of its two mobile apps
Источник: https://www.forbes.com/advisor/banking/best-high-yield-savings-accounts/

11 Best Savings Accounts of November 2021

Marcus by Goldman Sachs Online Savings Account

Marcus by Goldman Sachs Online Savings Account

5.0/5

0.50%

0.50% APY (annual percentage yield) as savings account interest rates near me 11/17/2020

With $0 minimum balance

N/A

Alliant Credit Union High-Rate Savings

Alliant Credit Union High-Rate Savings

at Alliant Credit Union, Federally insured by the NCUA

5.0/5

0.55%

With $100 minimum balance

N/A

Learn more

at Alliant Credit Union, Federally insured by the NCUA

American Express® High Yield Savings Account

American Express® High Yield Savings Account

at American Express National Bank, Member FDIC

4.5/5

0.40%

0.40% APY (annual percentage yield) as of pirates of the caribbean at worlds end davy jones death $1 minimum balance

N/A

Learn more

at American Express National Bank, Member FDIC

Chime High Yield Savings

Chime High Yield Savings

5.0/5

0.50%

The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of November 1, 2021. No minimum balance required. Must have $0.01 in savings to earn interest.

With $0.01 minimum balance

N/A

Varo Savings Account

Varo Savings Account

5.0/5

0.50%

With $0.01 minimum balance

N/A

Comenity Direct High Yield Savings Account

Comenity Direct High Yield Savings Account

4.5/5

0.55%

With $0 minimum balance

N/A

Axos Bank® High Yield Savings

Axos Bank® High Yield Savings

4.5/5

0.61%

With $0 minimum balance

N/A

TIAA Bank Basic Savings

TIAA Bank Basic Savings

5.0/5

0.50%

With $0 minimum balance

N/A

Read review

Barclays Online Savings Account

Barclays Online Savings Account

4.5/5

0.40%

With $0 minimum balance

N/A

Read review

Live Oak Bank High-Yield Online Savings

Live Oak Bank High-Yield Online Savings

4.5/5

0.50%

With $0 minimum balance

N/A

Read review

PenFed Credit Union Premium Online Savings

PenFed Credit Union Premium Online Savings

4.5/5

0.50%

With $0.01 minimum balance

N/A

Read review

Источник: https://www.nerdwallet.com/best/banking/savings-accounts

10 Best Savings Rates of November 2021

Marcus by Goldman Sachs Online Savings Account

Marcus by Goldman Sachs Online Savings Account

5.0/5

0.50%

0.50% APY (annual percentage yield) as of 11/17/2020

With $0 minimum balance

N/A

Discover Bank Online Savings

Discover Bank Online Savings

4.5/5

0.40%

Advertised Online Savings Account APY is accurate as of 02/12/2021

With $0 minimum balance

$200

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code NW21 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus savings account interest rates near me interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See Discover's Website for more details.

Requirements to qualify

Alliant Credit Union High-Rate Savings

Alliant Credit Union High-Rate Savings

at Alliant Credit Union, Savings account interest rates near me insured by the NCUA

5.0/5

0.55%

With $100 minimum balance

N/A

Learn weather rockland maine 10 day Alliant Credit Union, Federally insured by the NCUA

American Express® High Yield Savings Account

American Express® High Yield Savings Account

at American Express National Bank, Member FDIC

4.5/5

0.40%

0.40% APY (annual percentage yield) as of 3/11/2021

With $1 minimum balance

N/A

Learn more

at American Express National Bank, Member FDIC

Chime High Yield Savings

Chime High Yield Savings

5.0/5

0.50%

The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of November 1, 2021. No minimum balance required. Must have $0.01 in savings to earn interest.

With $0.01 minimum balance

N/A

Varo Savings Account

Varo Savings Account

5.0/5

0.50%

With $0.01 minimum balance

N/A

Nationwide My Savings

Nationwide My Savings

4.0/5

0.20%

Earn up to 0.30% APY with My Savings when you savings account interest rates near me a My Checking account and set up a $1,000 direct deposit. You can still earn 0.20% APY with a My Savings account if you are not ready for a My Checking account.

With $0 minimum balance

N/A

Comenity Direct High Yield Savings Account

Comenity Direct High Yield Savings Account

4.5/5

0.55%

With $0 minimum balance

N/A

Axos Bank® High Yield Savings

Axos Bank® High Yield Savings

4.5/5

0.61%

With $0 minimum balance

N/A

FNBO Direct Online Savings Account

FNBO Direct Online Savings Account

4.5/5

0.35%

With $1 minimum balance

N/A

Read review

Источник: https://www.nerdwallet.com/best/banking/savings-rates

The top rate you can currently earn from a nationally available savings account is 0.70% annual percentage yield (APY), offered by Sallie Mae's SmartyPig. That's more than 11 times the national average for savings accounts, as reported by Bankrate, which varies from week to week in the 0.05% to 0.10% range (0.06% APY for the week of November 15, 2020), and savings account interest rates near me just one of the top rates you can find in our rankings below. Culled from our weekly rate research on more than 200 banks and credit unions that offer nationwide savings accounts, even the 10th-best rate on the list pays almost 0.60% APY.

Best High-Yield Savings Account Rates

  • SmartyPig by Sallie Mae - 0.70% APY
  • Affirm - 0.65% APY
  • Bo - 0.65% APY
  • ConnectOne Bank - 0.65% APY
  • Axos Bank - 0.61% APY
  • Ivy Bank - 0.61 % APY
  • Prime Alliance Bank - 0.60% APY
  • Monifi - 0.60% APY
  • LendingClub - 0.60% APY
  • CFG Bank - 0.59% APY
  • Comenity Direct - 0.55% APY
  • BrioDirect - 0.55% APY
  • Alliant Credit Union - 0.55% APY
  • Fitness Bank - 0.55% APY
  • USAlliance Financial Credit Union - 0.55% APY
  • Quontic Bank - 0.55% APY

Note that some banks opt to call their savings accounts "money market" accounts. Traditionally, money market accounts offer the ability to write checks, while savings accounts do not. The accounts you'll find in our ranking here all operate like savings accounts, with no check-writing privileges, even if the name might suggest otherwise.

Below you'll find the top savings account rates available from our partners, followed by our complete ranking of the best savings account rates nationwide.

The top savings account rates in the country are listed below in order of APY. Where more than one institution has the same savings account interest rates near me, we've ranked accounts by those requiring the smallest minimum ongoing balance.

Sallie Mae, SmartyPig High Yield Savings Account - 0.70% APY

  • Minimum initial deposit: $0
  • Minimum ongoing balance: $0.01
  • Monthly fee: None
  • ATM card: No
  • Mobile check deposit: No
  • Checking accounts available: No
  • CDs available: No
  • Note: The advertised APY applies to the first $10,000 of your account balance, followed by a lower interest rate tier on amounts beyond that.

Affirm, Savings Account - savings account interest rates near me APY

  • Minimum initial deposit: Any amount
  • Minimum ongoing balance: Any amount
  • Monthly fee: None
  • ATM card: No
  • Mobile check deposit: No
  • Checking accounts available: No
  • CDs available: No
  • Note: Only available and accessible via the Affirm mobile app

Bo (Bank Onward), Bo Savings - 0.65% APY

  • Minimum initial deposit: $250
  • Minimum ongoing balance: Any amount
  • Monthly fee: None
  • ATM card: No
  • Mobile check deposit: Yes
  • Checking accounts available: No
  • CDs available: No

ConnectOne Bank, Online Savings Account savings account interest rates near me 0.65% APY

  • Minimum initial deposit: $2,500
  • Minimum ongoing balance: $2,500 to earn stated APY
  • Monthly fee: None
  • ATM card: No
  • Mobile check deposit: Yes
  • Checking accounts available: Only local where they have branches
  • CDs available: Yes

Axos Bank, High Yield Savings - 0.61% APY

  • Minimum initial deposit: $250
  • Minimum ongoing balance: $0
  • Monthly fee: None
  • ATM card: Yes (upon request only)
  • Mobile check deposit: Yes
  • Checking accounts available: Yes
  • CDs available: Yes

Monifi (app-based) - 0.60% APY

  • Minimum initial deposit: Any amount
  • Minimum ongoing balance: $0
  • Monthly fee: None
  • ATM card: Yes
  • Mobile check deposit: Yes
  • Checking accounts available: Yes
  • CDs available: No

LendingClub, High-Yield Savings - 0.60% APY

  • Minimum initial deposit: $100
  • Minimum ongoing balance: $2,500 to earn stated APY
  • Monthly fee: None
  • ATM card: Yes
  • Mobile check deposit: Yes
  • Checking accounts available: Yes
  • CDs fulton bank online login Yes

CFG Bank, High Yield Money Market Account – 0.59% APY

  • Minimum initial deposit: $1,000
  • Minimum ongoing balance: $25,000 to earn stated APY (or earn a slightly lower rate with a $1,000 minimum balance)
  • Monthly fee: None with $1,000 ongoing balance; otherwise, $10/month
  • ATM card: No
  • Mobile check deposit: Yes
  • Checking accounts available: No
  • CDs available: Yes
  • Note: Although this account has "money market" in its name, it offers no check-writing privileges and instead operates like a savings account.

BrioDirect, High-Yield Money Market Account - 0.55% APY

  • Minimum initial deposit: $0
  • Minimum ongoing balance: $25,000 to earn stated APY
  • Monthly fee: None
  • ATM card: No
  • Mobile check deposit: No
  • Checking accounts available: No
  • CDs available: Yes
  • Note: Although this account has "money market" in its name, it offers no check-writing privileges and instead operates like a savings account.

Fitness Bank, Savings Account – 0.55% APY

  • Minimum initial deposit: $100
  • Minimum ongoing balance: $100
  • Monthly fee: None with a $100 ongoing balance; otherwise, $10/month
  • ATM card: No
  • Mobile check deposit: No
  • Checking accounts available: No
  • CDs available: No
  • Note: In order to earn its highest rate, Fitness Bank requires an average daily step count of 12,500, which is tracked through its app. However, additional APY tiers are offered for lower step counts.

What Is a High-Yield Savings Account?

As the name implies, high-yield savings accounts pay much higher interest rates than traditional ones. Typically offered online, whether by an internet-only bank or a brick-and-mortar pnc bank jobs near me, they're based on the idea that it's smart to hold your savings wherever it can earn a competitively high yield, even if that's a different bank than where you hold your checking account.

The difference in interest rates can be dramatic, with the top savings accounts in the country typically paying 15 to 20 times the national average rate. You can still keep your checking account where it is because it's simple to link a high-yield savings account to your primary account for easy transfers.

Is My Money Safe in an Online Savings Account?

The vast majority of banks, whether physical or online, carry FDIC insurance, which protects banking customers by insuring up to $250,000 of their deposits at any one institution if the bank fails. The U.S. government similarly backs credit union customers up to $250,000 by providing NCUA insurance to the vast majority of credit institutions.

So whether your institution has branches or is an internet-only bank, your deposits are equally safe and protected. Just be sure to check for the FDIC or NCUA logo before you begin doing business with any new financial institution. 

What Is the Difference Between a High-Interest Savings Account and a Money Market Savings account interest rates near me accounts and money market accounts are close cousins. Both allow you to move money in and out at your convenience, with their main function being to provide an option for you to sock away savings while earning interest on your balance. In addition, the federal regulation that limits savings account withdrawals to six per month is applied to both types of accounts.

Traditionally, what differs between savings and money market accounts is that money market accounts include the option to write checks on the account. In contrast, savings accounts typically only allow fund withdrawals via electronic transfer, ATM cards (when offered), or in-branch visits. 

How Often Do Savings Rates Change?

The APY that a savings account pays on the day you make your initial deposit is not guaranteed. In fact, the account’s rate can change at any time.

Whether the rate goes up or down, and savings account interest rates near me often it changes, is largely influenced by the Federal Reserve. When it adjusts the federal funds rate, banks and credit unions often follow suit in the same direction.

That said, rate changes among savings accounts are not typically a daily or weekly event. Barring recent moves by the Fed, rates often remain at the same level for weeks or months at a time.

Источник: https://www.investopedia.com/best-high-yield-savings-accounts-4770633

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