Getting the best interest rates for your savings account can be the difference between making just $ 20 or $ 200 more per year. The annual percentage returns of the best online savings accounts are up to 10% higher than traditional accounts. The national average last year was around 0.09%, but some online financial institutions are able to give APY rates of 1.70% to 2.0%. Here's a look at the best savings account rates:
CIBC Agility Account
Offered by CIBC USA, the Agility account currently has an APY of 1.85% per account. To apply you will need a photo ID, minimum deposit of $ 1000, be at least 18 years old, be over 18 years old, be over 18 years old, be over 18 years old an SS number and job details. There is no maintenance fee. You can make limited transfers through CIBC NetBanking.
Caisse populaire Alliant
Alliant offers a high rate savings account rate of around 1.65%, and the minimum balance to keep the account open is only $ 5. However, to earn interest, you must maintain an average daily balance of at least $ 100. This is a low average amount compared to most of the other major account rates on this list. As long as you select "Electronic Statements" there is no monthly fee.
American Express Personal Savings
There is a 1.70 APY with a personal savings account through American Express. It's easy to create an account and you can even have multiple accounts linked together and transfer the money between them. There is no monthly balance requirement, although you still need to keep at least $ 1 to earn the APY.
This online bank offers some good account options, including a savings generator (up to 1.80% APY) and Premier High Yield Savings (1.55%). With the latter, you can start growing and achieving your financial goals faster. With the Savings Generator option, you will need a minimum balance of $ 25,000 or a monthly deposit of $ 100. When it comes to customer service, CIT Bank is the best option on this list of best savings account rates.
Whichever bank you choose, you should be sure to choose one that is FDIC backed. All the financial institutions on this list are. Also read reviews to see if there are any complaints and to understand the pros and cons of each bank.
In regards to best savings account rates come on, CIT Bank is usually at the top or near the top of everyone's list.