Which bank is giving highest interest on savings account?
As of writing, no U.S.-based banks are offering a 7.00% APY on a savings account. For high-yield savings accounts — top, competitive rates are more in the 5.00% APY range. However, Landmark Credit Union currently offers a Premium Checking account with a 7.50% APY on balances up to $500.
- CFG Bank – 5.25% APY.
- North American Savings Bank – 5.24% APY*
- Upgrade – 5.21% APY.
- EverBank (formerly TIAA Bank) – 5.15% APY.
- RBMAX – 5.15% APY.
- Bread Savings – 5.15% APY.
- Popular Direct – 5.15% APY.
- Western State Bank – 5.15% APY.
As of writing, no U.S.-based banks are offering a 7.00% APY on a savings account. For high-yield savings accounts — top, competitive rates are more in the 5.00% APY range. However, Landmark Credit Union currently offers a Premium Checking account with a 7.50% APY on balances up to $500.
| Sr. No | Savings Account | Interest Rate |
|---|---|---|
| 1 | Freo Save | Up to 7% |
| 2 | Ujjivan Small Finance Bank | Up to 7.50% [w.e.f. 15th November, 2023] |
| 3 | RBL | Up to 7.50% [w.e.f. 21st August, 2023] |
| 4 | Digibank by DBS | Up to 7% [w.e.f. 10th October, 2023] |
| Account Name | APY (Annual Percentage Yield) Accurate as of 3/26/2024 |
|---|---|
| UFB Secure Savings | 5.25% |
| Upgrade Premier Savings | 5.21% (with $1,000 minimum balance) |
| CIT Bank Platinum Savings | 5.05% (with $5,000 minimum balance) |
| Wealthfront Cash Account | 5.00% |
Does Bank of America Have a High-Yield Savings Account? No, Bank of America does not offer a high-yield savings account.
DCB Bank savings account interest rates
DCB Bank offers up to 8% interest on savings accounts with balances ranging from Rs 10 lakh to less than Rs 2 crore. The bank pays 7.75% interest on savings account balances ranging from Rs 10 crore to less than Rs 200 crore. The rates are effective from September 27, 2023.
| Provider | Account name | Interest rate (AER) |
|---|---|---|
| first direct | Regular Saver Account | 7.00% |
| Aldermore Sponsored | Regular saver account * | 5.25% |
| This listing is sponsored by Aldermore | ||
| Nationwide Building Society | Flex Regular Saver Issue 3 | 6.50% |
The average money market rate is less than 1 percent. But let's say you put $10,000 in an account that earns a full 1% APY. After a year, your balance would earn 100 bucks. Put that same amount in a money market account with a 4% APY, and it would gain just over $400.
Which bank is safe to keep money?
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
| R100 001+ | R1 000 001+ | |
|---|---|---|
| Investec5 | 9.28% | 9.85% |
| Nedbank6 | 9.50% | 10.15% |
| Sasfin | 9.50% | 10.25% |
| Standard Bank | 9.137% | 9.99% |
- Landmark Credit Union Premium Checking (7.50% APY) ...
- Digital Credit Union Primary Savings (6.17% APY) ...
- Popular Direct High-Yield Savings (5.20% APY) ...
- TAB Bank High Yield Savings (5.27% APY) ...
- High-yield savings accounts. ...
- Certificates of deposit (CDs) ...
- Money market accounts (MMAs)
| Who Offers It? (Bank or Building Society) | Type or Name of Savings Account | Interest Rate |
|---|---|---|
| First Direct | Regular saver | 7.00% |
| Ford Money | Flexible saver | 4.60% |
| Goldman Sachs | Online savings account | 4.75% |
| Goldman Sachs | Cash ISA | 4.75% |
- Stocks.
- Real Estate.
- Private Credit.
- Junk Bonds.
- Index Funds.
- Buying a Business.
- High-End Art or Other Collectables.
5% APY savings account
Money Market: Dayspring Bank– 5.28% APY. 12-Month CD: Bread Savings- 5.35% APY. 18-Month CD: Local Government FCU– 5.75% APY.
- Compare High-Yield Savings Accounts. You can find high-yield savings accounts at traditional banks, online-only banks or credit unions. ...
- Gather Your Documents. ...
- Apply for the Account. ...
- Make the Opening Deposit. ...
- Set Up the Online Features of Your Account.
Certificates of Deposit
Like high-yield savings accounts, CDs usually offer substantially higher annual percentage yields (APYs) than traditional savings accounts. As of October 2023, the average CD rates range from 4.60% to 5.55%, according to the Federal Deposit Insurance Corp. (FDIC).
Large national banks tend to have savings accounts with low interest rates, in part because the institutions spend a lot of money on physical bank branches. You can find higher rates at online banks. They tend to have savings accounts with high yields, often with no monthly fees or minimum balance requirements.
| Account Tier | APY |
|---|---|
| Standard | 0.01% |
| Gold Tier* | 0.02% |
| Platinum Tier* | 0.03% |
| Platinum Honors Tier* | 0.04% |
Which bank gives 9.5 interest rate?
Unity Small Finance Bank FD rates for senior citizens
At Unity Small Finance Bank, senior citizens can get up to 9.50 per cent on FDs of 1,001 days. The bank revised rates on February 2, 2024.
Ujjivan Small Finance Bank
Ujjivan SFB offers an interest rate between 3.75% to 8.25% for general citizens on domestic fixed deposits and Sampoorna Nidhi. For senior citizens, the bank offers 4.25% to 8.75%. These rates are effective from June 1, 2023.
For the April–June 2024 quarter, the Senior Citizen Savings Scheme (SCSS) interest rate stays at 7.4%. Designed for people 60 years of age and older, the SCSS provides retirement stability and a steady income. The scheme offers quarterly interest payouts with an individual maximum investment limit of Rs. 15 lakh.
CDs are best for individuals looking for a guaranteed rate of return that's typically higher than a savings account. In exchange for a higher rate, funds are tied up for a set period of time and early withdrawal penalties may apply.
| Top Nationwide Rate (APY) | Balance at Maturity | |
|---|---|---|
| 6 months | 5.76% | $ 10,288 |
| 1 year | 6.18% | $ 10,618 |
| 18 months | 5.80% | $ 10,887 |
| 2 year | 5.60% | $ 11,151 |
