The interest you can earn from a high yield savings account is an obvious primary factor in choosing a bank or credit union—after all, “high yield” is in the name.
SBB offers two savings accounts options: High Yield Savings and Money Market Savings. Both accounts have a relatively low monthly fee. But if you want to waive that maintenance fee, you can do so by keeping a $100 minimum balance in your High Yield Savings or a $10,000 minimum balance in your Money Market Savings.
What is a high-yield savings account? High-yield savings accounts are just like regular savings accounts, except they earn a much higher interest rate. The average savings account only earns 0.06% interest, while many high-yield savings accounts offer interest rates above 1%. High-yield savings accounts are FDIC-insured, so they don’t carry ...
A High-Yield Savings Account from Bank of Internet USA offers a high APY with free online banking, no monthly fees, and interest compounded daily.
The Premier High Yield is their standard high-yield savings account, offering 1.55% APY after a minimum opening deposit of $100. The Savings Builder account takes a different approach to savings and offers a 1.85% APY if you make at least one monthly deposit of $100 (or more) or maintain a balance of $25,000 or more.
For a while, Brian Harrington, 28, had been satisfied with a high-yield savings account at Ally Bank, earning a risk-free 2%. Now, the marketing consultant in Anaheim, California, is planning to ...
High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000. Although the information provided by Informa Research Services, Inc. has been obtained from the various institutions, accuracy cannot be guaranteed.
RHB High Yield Savings Plus Account: Interest Calculation: First $50,000 @ 0.80% p.a. + Next $25,000 @ 0.90% p.a. + Next $25,000 @ 1.00% p.a. Prevailing interest earned at the end of 1 year: $875
Annual Percentage Yield (APY) - The percentage amount ordinarily advertised on interest-bearing deposit accounts (savings accounts, checking accounts and CDs). Truth in Savings regulations require this number be reported and it reflects the total interest to be received over a 365-day year, regardless of the bank's own method of compounding ...
A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account. Savings accounts limit the number of certain types of transfers or withdrawals you can make from the account each monthly statement cycle.