Savings accounts that give high returns on your money make sure that it is also readily withdrawable. These accounts differ from other ordinary and basic savings accounts in that they entail higher interest rates; hence, your savings are more productive. Advancements in communication technology have made it easier for anyone seeking an online banking facility to get one that suits their rates and other features. The following is the list of online banks with high-yield savings accounts.
1. Ally Bank
Ally Bank is one of the best online banks, with a reliable and easy-to-navigate site and high interest rates. They provide a decent APY on their high-yield savings account, and no fees for maintaining the account or minimum balance are required. Ally also offers many other banking services, making handling all one's banking needs convenient.
2. Marcus by Goldman Sachs
Another excellent example of having the highest savings account is Marcus by Goldman Sachs. Marcus joined the online lending market by focusing on customer service and the high interest rates that accompany it. Marcus' savings account offers no hidden fees and a minimum deposit. The Bank is easily accessible online and provides services such as personal loans.
3. Discover Bank
Credit cards are the only high-profile product of Discover Bank, but it also hosts a rich, high-yield savings account. Discover, for instance, will offer and require a high APY in addition to no fees for the account and charges no minimum balance. Also, customers with Discover Bank accounts can get customer services anytime through the mobile app.
4. CIT Bank
CIT Bank also provides a savings account that pays high interest to the savers to maximize profits. CIT Bank has a tiered interest rate with the ability to earn higher interest if the balance in the account is higher. The account has no monthly charges and is more accessible since it has a mobile application. CIT Bank offers diverse saving instruments, such as make money accounts and CDs, from which clients can choose the most suitable one.
5. American Express National Bank
American Express National Bank is a part of the American Express company, specializing in credit card services. It also provides high-yield savings accounts with relatively high APY. It also has no fees included with the account and no minimum balance, making it perfect for those who wish to increase their savings account. The Bank's online platform's tripod and customer care support are way too easy to reach, but they are available around the clock.
6. Synchrony Bank
Synchrony Bank is another popular option for a high-yield savings account because of its high APY and the fact that there is no requirement to maintain the minimum balance to avoid fees. Other banking products offered by Synchrony include CDs and money market accounts. They have a friendly website, and the Bank has a complete mobile application to help oversee finances.
Conclusion
Selecting the appropriate online Bank for a high-yield savings account influences the rate of savings accumulation. The designated banks, including Ally Bank, Marcus by Goldman Sachs, Discover Bank, CIT Bank, American Express National Bank, and Synchrony Bank, also provide attractive rates for savings accounts, no fees, and customer-friendly online operations. This means rating your requirements and desires, making the right choice about the best Bank, and starting to earn more from your savings now.
