Choosing the right savings account can feel a little nerve-wracking, especially if the thought of navigating your personal finances gives you crippling anxiety. With numbers being thrown at you from every which way, it can be tricky to determine which savings account rate is the right one for you. That’s especially true if you have no background or experience navigating the complex financial world.
Despite historically low interest rates, there are still plenty of savings accounts available that can offer you a high-interest rate. While you shouldn’t expect these returns to allow you to retire early, choosing the right savings account can definitely help you lay the foundations for a secure financial future. And let’s be honest, who doesn’t want that? Below, we discuss some of the best savings account rates available right now.
Despite a $500 minimum deposit requirement, its APY (annual percentage yield) is an impressive 0.95%. And with no monthly fee or balance requirement, this is one of the best savings account rates around.
If it’s great customer service you’re after, look no further than Chase, who always has someone on hand to help you in a timely manner. And while its 0.01% APY is underwhelming, the $150 bonus to customers who open a savings account and keep a balance of $10,000 for 90 days more than makes up for it.
In terms of digital experiences, few banks rival Ally, whose website is fluid, and whose mobile app is carefully considered. As for its savings account rate, well, the 1% APY is pretty hard to beat.
Believe it or not, Barclays is a lot more than the name of Brooklyn’s beloved basketball arena. It’s also a global financial services company that offers a savings account rate of 1% APY.
How do you save money? Do you have a bank that offers good rates?