High-interest savings accounts offer up to 5-6x the national average interest rate and can be found at online banks. Customers can earn more without having to think about it once it's set up.
The average interest rate for a High Interest Savings Account is 0.90%.
A high interest savings account can be opened by meeting a few requirements. Find a bank or credit union that offers high interest rates. Then, deposit a certain amount of money into the account. To avoid fees, keep the account balance above a certain amount.
There is a potential risk of making money with High Interest Savings Account if the account holder does not have a solid understanding of how the account works. Without this understanding, the account holder could end up losing money instead of making money.
📋Places to Start
1. Discover — a website that helps people manage their money and find the best way to save and make money. It offers a High Interest Savings Account that allows users to earn interest on their deposited money.
2. Citi — a company that provides financial services, including High Interest Savings Accounts, to help people make money.
3. Salliemae — a bank that offers a high interest savings account which allows users to make money by saving.
4. Axos Bank — a bank that offers high interest savings accounts, which can help you make money.
6. Ufbdirect — an online bank that offers a high interest savings account. You can make money with Ufbdirect by saving money in your account and earning interest on your deposits.