We should save money – it is obvious – and probably most of us do it. However, it would be great if we could save more effectively! If you are not satisfied with your savings account (which probably offers no more than 0.01%) do not hesitate and look for more profitable options. In this article we suggest some online savings account which can bring you more benefit than the account you have.
A large and well-capitalized online institution. This bank pays 1,05% APY. They do not require a minimum balance or monthly fee. They offer the ATM card which makes the access to you account easier.
Here you can receive 1.00% APY, open a free checking account and have an easy access to your money by means of their app, ATM card, checks or a debit card. They also do not require a minimum balance.
One of the largest banks in the world offering 1.00% APY rates, no monthly fees and minimum deposit.
Goldman Sachs Bank
They offer 1.05% APY on deposits and the maximum deposit is $250.000. The advantages are: no minimum balance and no transaction fees.
The best credit union in the country with a great digital experience and 1.00% of interest rates. The cost of opening an account is $5.
Known for credit cards, now is offering also the service of an online consumer bank. Here you can earn 0.95% on your savings account. There is no checking account fee and minimum on deposit (after $500 deposited initially). If you use your checking account, you can earn even $120 per year – you receive $0.10 of a reward for each checking account transaction.
They offer a very high interest rate -1.15%, yet we cannot guarantee that it will remain so high for long. Popular is new on the market so there can be some worry. Apart from that, there is a fee ($4) for balance bellow $500 and they do not offer the ATM card which makes the access to your money more difficult. In order to open the account you must own at least $5000.
There is no minimum balance requirement and you do not pay monthly fees, but you have to own $100 to open the account. No ATM card is offered, you can access your money through electronic transfers.
This is a division of Summit Community Bank. Here, so as to open an account you need $500. Their deposits have FDIC insurance.
Think about yourself
Consider the options available for you and choose the best. It will need some time and calculations to estimate which will turn out the most beneficial. If you need help you can use an online free saving account comparison tool. When you think of setting your money aside for a longer period of time, we suggest obtaining a certificate of deposit. Do not waste the better occasions and start saving more effectively to gain much more!