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6 Savings Accounts That Earn Over 4.5% APY Right Now

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Securing a top high-yield savings rate can add significant growth to your savings balance over time.

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If you don’t already have a high-yield savings account, Now is the time to sign up.

A series follows Increase in interest rates That brought the Federal Reserve’s target rate range to 5.00-5.25%, with some banks passing today’s higher rates on to customers. Savings Account APYs.

Not every savings account offers the same value, though. The best place to find competitive rates today is usually from Online banking only or online section of existing banks. These banks have lower overhead costs than their brick-and-mortar counterparts and offer less High Yield Savings Account Which can help you earn hundreds on your balance.

Today, many great high-yield accounts offer between 3.50% and 4.50% APY, much higher than that. national average 0.39% APY on regular savings accounts. Apple headlines A few weeks ago, for example, when it unveiled a new high-yield account offering 4.15% APY.

but Today’s top rate Can beat that and earn closer to 4.50% or even 5.00% APY. Below, we’ll delve into the details of six high-yield savings accounts that offer APYs over 4.50% right now.

Compare today’s top rates now and start earning more interest.

6 high-yield savings accounts earning more than 4.5% APY

The high-yield savings accounts below don’t just offer some of the best rates you can find today, but they do A safe place to keep your money. Each of these accounts is FDIC insured, meaning up to $250,000 in deposits per account holder and protected against per account type. Bank failure.

CIT Bank: 4.85% APY

You can earn up to 4.85% APY with CIT Bank’s Platinum Savings Account. Higher rates require a balance of $5,000 or more and have a minimum opening deposit of $100. Without a $5,000 balance, you’ll earn just 0.25% APY. There are no account fees. CIT Bank is a division of First-Citizen Bank and Trust.

Popular Direct: 4.85% APY

Popular Direct Savings also offers a great 4.85% APY, as long as you meet the $100 minimum opening deposit requirement. There are no monthly service fees, although you may be charged $25 if you close your account within 180 days of opening it. You can access your account anytime using online or mobile banking. Popular Direct is the online division of Popular Bank.

UFB Direct: 4.81% APY

The Premier Savings Account from UFB Direct offers 4.81% APY with no maintenance fees or minimum deposit requirements. UFB Direct is a division of online bank Axos Bank. In addition to its great rates, UFB’s high-yield account includes a complimentary ATM card, mobile check deposit and other digital tools for online banking.

Basque Bank: 4.75% APY

Bask’s Interest Savings Account earns 4.75% APY. It charges no monthly fees and has no minimum balance requirements. You can transfer money in and out of your account by linking two external accounts. Basque Bank is a division of Texas Capital Bank.

Bread Savings: 4.65% APY

You’ll earn up to 4.65% APY on deposits in the Bread Savings High-Yield Savings Account. It charges no monthly fees and only requires a minimum deposit of $100 to open Bread Savings is part of Bread Financial and a division of Community Capital Bank.

Salem Five Direct: 4.61% APY

The eOne Savings Account from Salem Five Direct earns 4.61% APY on every dollar you deposit up to $1 million. You need to deposit at least $10 to open the account, which has no monthly fee. There is no running minimum balance requirement. Salem Five Direct is the online division of Salem Five Bank.

Compare more of today’s top savings accounts here or using the table below.

Bottom line

Today’s Savings Account Rate Better than they have been in several years. Depending on your balance, You can earn Hundreds or even thousands of dollars in a year with a great high-yield savings account.

Whether you are looking for your safe emergency fund Or save for a big expense coming up, keeping money in a high-yield savings account is one of the best ways to make sure it’s protected when you get a significant amount of money. Growth from interest earnings.

Find the account and interest rate that best suits your savings goals and get started today!

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