High interest savings accounts are a great way to earn high rates of return without risking your money. But with so many high interest savings accounts out there, it can be difficult to find the best high interest savings account for you. In this post, we’ll list our top 4 high interest savings accounts and help you figure out which one is right for you!
#1 – SmartyPig (0.70% APR)
SmartyPig’s goal planning system not only helps you map out short-term purchases like birthday gifts or new running shoes, but also long-term savings goals like a trip to Italy or a car down payment. SmartyPig was designed to put you in control of your own goal planning and financial independence by helping you build a save-then-spend mentality and being rewarded for doing so.
SmartyPig is a unique savings program designed to help people save for specific goals. Savings goals may be funded with scheduled, recurring contributions from an existing checking or savings account, so you can set it and forget it. And SmartyPig also helps you stay on track with a goal planner, helpful reminders, competitive interest rates, referral bonuses and more!
#2 – Ally Bank (0.50% APY)
Ally Bank is a high-yield savings account that provides competitive interest rates, with no minimum balance requirement and no monthly service fee. You can also use Ally’s mobile banking app to deposit checks from your phone or take care of other tasks without visiting the branch. And what’s better than high yield? No maintenance fees!
#3 – CIT Bank (0.50% APY)
CIT Bank offers high yield savings accounts with competitive interest rates, and no minimum balance or monthly service fees. The CIT Mobile app allows you to deposit checks from anywhere using your smartphone camera. And if that’s not enough for high-interest banking, they also offer CD options as well!
#4 – Chime (0.50% APY)
Chime is a financial technology company founded on the premise that basic banking services should be helpful, easy and free. Chime’s model doesn’t rely on overdraft, monthly service, minimum balance, or other consumer fees. With an impressive 0.50% APR, it’s hard to go wrong here.
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