Highest Savings Account Rates Today: September 19, 2022

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If you’re looking for a place to save money for short-term goals, a high-yield savings account may be a good option.

Our best savings account guide And Best High-Yield Savings Account Guide If you’re looking for bank accounts with unique perks or features, these can be great starting points for your research. But if you prefer finding the highest rates over the top, then this list is for you.

Compare Savings Account Rates

What are the interest rates for savings accounts today?

The FDIC monitors national rates for interest-earning bank accounts. The average interest rate paid by a savings account is 0.17% APY right now.

We’re checking over a dozen financial institutions to keep up with their new rate offerings. Our list includes accounts with much higher interest rates than the national average, as online institutions tend to offer high-yield bank accounts.

The most competitive high-yield savings accounts pay up to 2.61% APY right now. Keep in mind that interest rates are subject to change. Savings accounts have variable interest rates, which means that rates can fluctuate at any time.

the Federal Reserve federal funds rate hike At times this year, therefore, savings interest rates are also expected to rise steadily throughout 2022.

Highest Savings Account Rates: September 19, 2022

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Editor’s Rating

4/5

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Open and hold at least $25 in your account

Editor’s Rating

4.25/5

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Editor’s Rating

4/5

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At least $100. open account with

Editor’s Rating

4.25/5

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At least $100. open account with

Editor’s Rating

4.25/5

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At least $1,000. open account with

Editor’s Rating

3.75/5

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At least $100. open account with

Editor’s Rating

4.25/5

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At least $5,000. open account with

Editor’s Rating

4/5

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At least $100. open account with

Editor’s Rating

4.25/5

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Editor’s Rating

5/5

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Editor’s Rating

4.5/5

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Best Savings Account Interest Rates

UFB Direct UFB Rewards Savings

Annual Percentage Yield (APY)

APY up to 2.61%

Minimum Deposit Amount

$0

UFB Direct UFB Rewards Savings

Annual Percentage Yield (APY)

APY up to 2.61%

Minimum Deposit Amount

$0

Annual Percentage Yield (APY)

APY up to 2.61%

Minimum Deposit Amount

$0

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UFB Rewards Savings Offers the highest interest rate on our list. UFB Rewards Savings can be useful if you want easy access to your account – the savings account comes with an ATM card.

Bass Bank can be a good option if you want to open an account with $0. However, keep in mind that the online-only bank only offers two types of savings accounts, If you are looking for a checking account or CD, you may want to consider other financial institutions.

Synchrony also has a high-yield savings account with a $0 minimum initial deposit. Synchronous High-Yield Savings Account Could be a bargain if you prioritize strong customer support—it has 24/7 telephone and live chat customer service.

briodirect high-yield savings account Can be attractive if you are able to keep at least $25 in your account per day.

Bread Savings High-Yield Savings Account At least $100 upfront is required. If you haven’t heard of Bread Savings, you may be familiar with the name Comity Direct. Community Direct was recently rebranded as its The parent company, Bread Financial, has expanded to include lending options.,

If you want to open other accounts along with your high-yield savings account, you may consider banking with LendingClub, CIT Bank, Tab Bank or Quantic Bank.

LendingClub has a solid cash-back checking account, and Quantic has a variety of rewards checking accounts. LendingClub High-Yield Savings Account And Quantic High Yield Savings Account Both require a minimum of $100 for an initial deposit.

TAB Bank offers competitive rates on CDs with its high-yield savings account. However, keep in mind that Tab Bank does not have an ATM network, so when you use an ATM, the bank will charge you a fee.

Meanwhile, CIT Bank may be ideal if you are also looking for CD or money market accounts. CIT Bank is currently offering unique promotional offer through its money market account, and the bank offers a wide range of CD options.

Citizen Online Access Savings Account Another great high-yield savings account. However, keep in mind that you will need at least $5,000 to open an account.

CIBC Agility Account Overall a good high-yield savings account is as long as you have at least $1,000 to open the account. CIBC Bank USA is the US division of the Toronto-based bank Canadian Imperial Bank of Commerce. CIBC Bank USA has an online savings account and CDs that you can open from anywhere in the US. It also lets you open checking and money market accounts if you live in Illinois, Michigan, Missouri or Wisconsin.

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