10 Best High Yield Savings Account :
A high yield saving account pays 20 to 25 times more than the national average saving accounts. So, people need savings accounts to keep up with their financial status in banks and transfers between accounts. However, after the evolution of the internet, high yield saving accounts have made the competition on saving rates. The difference between a standard savings account and a high yield account is the savings interest is doubled which would return a higher earning in return. As a result, the drawing is significantly higher.
Here are Top 10 High Yield Saving accounts.
1. Marcus by Goldman Sachs
With an APY of 1.5 percent, it is one of the highest interest saving yields as of April 2020. You can also avail online savings accounts of Marcus. There is no minimum amount required to avail of the interest. They are top-notch savings accounts. With high yields, they don’t ask for minimum fees.
2. FNBO Direct
FNBO Direct is also an online savings account platform offering 1 percent APY with a minimum balance of One US dollar. You must meet the criteria to enjoy this. Check the official website for terms and conditions.
3. Live Oak Bank
You can enjoy a saving interest of 1.75 percent with a null balance for the APY. As an estimation, 400+ US dollars can be earned over a year.
4. American Express National Bank
American Express National Bank provides 1.70 percent APY saving interest with a minimum balance of 100 US dollars in the account. Moreover, it is one of the trusted banks used worldwide. Also, they are consistently on the top over the years and they do not charge any maintenance fees.
5. Discover Bank
Another online high yield saving account bank offers 1.50 percent of saving interest with no minimum balance APY. Discover is well known for credit cards, but they have bank facilities too. For new users, you can get a $200 bonus for a new account.
6. Alliant
Alliant Credit Union High Rate Saving with 1.35 percent APY. You can avail of the interest with a minimum balance of 100 US dollars. Also, make sure you pass the criteria to fit in and for more details, check their official website.
7. CIT Bank
With a saving interest of 1.70 percent APY, you can claim this with a minimum balance of 100 US dollars. Over one year, the estimated earning is 425 US dollars. They have been offering consistently higher rates for the consumers.
8. HSBC
HSBC provides 1.70 percent saving interest along with $700 bonus offers. It is a top choice for online banking and transaction. They do not charge any minimum and maintenance fees. Also, you can visit the site for additional details and open an account online.
9. Barclays
With no minimum deposit, enjoy benefits of up to 1.50 percent of high yield savings by Barclays. They are like other traditional banks and do not charge money for Maintenance.
10. Capital One
A credit card company along with a high yield saving bank facility. If you are already a capital One 360 customer, you can easily fit in. They offer 1.50 percent APY with no minimum fees and maintenance fees.
