With today’s interest rates hovering at all-time lows finding the best banks for your money is as important as ever. These top three high-yield savings accounts will help you to grow your money better than their alternatives, as all three are currently offering the best rates. While there are other factors to consider when choosing your savings account in addition to interest rates, these three are also tops in customer service and reliability. If you are looking for a savings account that has a high-interest rate keep reading as we lay out the advantages of these top three high-yield savings accounts below.
Top 3 High-Yield Savings Accounts
- Ally
- Discover Bank
- Barclays
Ally
This online bank continues to expand its share of the market and this 1.15% APY is sure to draw more customers. You are able to make deposits via EFT, their mobile phone deposit system, direct deposit, and snail mail. One of the favorite aspects of the Ally savings account, in addition to the APY, is the lack of monthly fees and the requirement for a minimum balance amount. Customer service is available 24-hours every day and if you do not mind banking online Ally could be the right choice for you.
Highlights
- 1.15% APY
- No account minimum requirements
- No monthly fees
Discover Bank
In addition to a 1.15% APY and no minimum balance requirements or monthly account maintenance fees, Discover offers a mobile banking app where you are able to deposit checks. You do not need to be a Discover Card customer in order to open a high-yield savings account with Discover Bank. There is no minimum amount necessary to open an account, and deposits can be made through the app, direct deposit, electronic transfer, and mail. If you want an easy to use account that pays at the top level of current interest rates, give Discover Bank’s high-yield savings account a look.
Highlights
- 24/7 customer service
- 1.15% APY
- No minimum balance requirements or monthly maintenance fees
Barclays
For those looking for even more bang for their buck than the 1.15% APY that all of our top 3 offer, check out Barclays online savings account. While one of the largest banks in the UK, the US division operates strictly online for now. This well-known financial institution is currently offering bonuses for customers that make deposits up to $1,000 in six months in the amount of a 2.5% of your earned interest. Additionally, if you leave your money untouched for six months, Barclays will pay another additional 2.5% on the interest earned during this time period.
Highlights
- 2.5% bonus on earned interest for deposits up to $1,000 in six months
- 2.5% bonus on earned interest if you make no withdrawals for six months
- 1.15 APY
Conclusion
Today’s low-interest rate environment has everyone looking for the best rates available. These top three high-yield savings accounts are consistently at the top of the list for both their rates as well as customer service.