Top Banks For High Yield Savings Accounts

If you conduct your research well you will realize that there are a number of investment accounts that pay better rates than your traditional savings account. However, when it comes to high yield accounts, some banks offer better rates than others. It doesn’t matter if you are looking for a long-term or short-term investment–this list will help you find the best option for both.

1. Ally Bank

Ally Bank is one of the top banks for high yield savings accounts with rates.. They have an interest rate of 1.00% on their money market accounts, which is very competitive compared to other major banks. You will want to check with them because it is possible to get a rate that is even higher. It all depends on a variety of factors, including the amount you want to save and how you go about doing it. This bank offers more than just a high yield savings account though; they also offer CDs, IRAs and mortgages as well.

2. Discover Bank

Discover Bank offers a high yield money market account that is currently paying 0.95% interest. This rate is higher than what you will find with most other banks, but not all of them have the same features to offer either. The Discover Online Savings Account allows you to choose how much of your money you want to keep in your savings account and how much you want to move on over to their 60-day CD at the same time. This makes it really easy for you to manage your funds and make sure they are doing well while also earning higher interest rates.

3. Popular Direct

Popular Direct offers a high yield savings account that pays 0.75% interest. This is definitely more competitive than the rates you will find with most other banks, but it is still possible to find better rates if you want to be able to earn even higher returns. If you want to use this bank for your high yield savings account and also get the best CD rates around, then you should take advantage of their IRA options.

4. First Bank of Omaha

First Bank of Omaha offers one of the best high yield savings accounts you will find. It pays 2.00% interest on balances up to $20,000, which is a fairly competitive interest rate. If you want to take advantage of that high yield and have some fun while doing it, then it’s possible to open an online casino account with First Bank of Omaha and receive an extra bonus when you do so. They also offer CDs at competitive rates which are easy to manage as well as money market accounts with even better interest rates than what you’ll find with most other banks.

5. Liberty Bank Direct

Liberty Bank Direct offers one the highest yields on their high yield savings accounts at 1.01%. They are a direct savings bank that allows you to have multiple accounts in one place with a lot of different options. You can choose to have your money in an IRA account or a regular savings account, or you can use different options between the two. They also offer CDs and money market accounts to fit your unique needs.

6. Pentagon Federal Credit Union

Pentagon Federal Credit Union offers one of the best high yield savings accounts at 2.00% interest on all of their savings products. This is definitely competitive when compared with other banks, but it might not be as good as some of the rates offered by credit unions in other parts of the country. Military members and their families are able to make higher interest payments through this credit union. In addition to high yields, they offer some great options as well, which include a CD and savings account.

7. Navy Federal Credit Union

You’ll have a lot of options for your high yield savings account when you get started with Navy Federal Credit Union, which include the standard high yield savings account at 1.25%. If you want an even higher rate then you can earn 2.00% with their IRAs that allow you to use your money in whatever way works best for you. They also offer other great options such as certificates of deposit and six different types of CDs .

8. Charles Schwab Bank

Charles Schwab Bank offers a standard high yield account that will pay you 0.25% interest if you want to take advantage of it. You can also earn a higher rate if you’re willing to move over to their certificate of deposit account that pays 1.35% interest. The reason this rate is higher is because the CDs have terms anywhere from 3 months to 60 months, so the longer you keep your money in the CD, the better your return will be.

9. FNBO Direct

FNBO Direct is a direct bank with a lot of options for their customers, including one of the most competitive high yield savings accounts around at 1.00%. They also offer an IRA account in addition to their money market and savings accounts, so it’s easy to get the best of everything from them. If you want to do even more with your money then you can open a brokerage account with this bank.

10. CIT Bank

CIT Bank offers one of the most competitive high yield savings accounts on the market at 1.00% interest. In order to take advantage of this great rate, you will need to find a separate CD that matches your needs and get started with that right away so that you can earn a higher rate than what is possible if you just keep your money in the standard high yield savings account at a lower rate.

A lot of people are interested in investing their money, but the risk level can be quite high and is not typically recommended to those on a tight budget or those just starting out. That’s why some high yield interest savings products are available at more attractive yields than regular checking and money market accounts. It is no secret that savings accounts are a prudent way to store your money. But not all banks offer competitive rates and features such as no monthly service fees, free ATM withdrawals and deposits, regularly updated balances through online banking, or mobile access.