The 7 best high-yield savings accounts of April 2023

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

As April 2023 is just around the corner, individuals are constantly on the lookout for high-yield savings accounts that can offer them the best interest rates along with a host of other benefits. Here is our list of the top seven high-yield savings accounts that you may want to consider opening:

1. Ally Bank

Ally Bank’s online savings account offers one of the best yields in the market currently at 1.75% APY. The account requires no minimum deposit and no monthly maintenance fees as well. The bank has been commended for its user-friendly interface and high-quality customer service, with no shortage of accolades in the financial industry.

2. Marcus by Goldman Sachs

Marcus by Goldman Sachs offers an impressive annual percentage yield (APY) of 1.70% on its online savings account with a minimal minimum deposit of $1. There are no transaction fees for savings account holders, and account access can be easily attained through an online platform.

3. Barclays

Barclays offers a high-yield savings account that currently provides an APY of 1.5% to its savings account holders. The account does not require a minimum balance and has no monthly fees, making it an attractive option for individuals who want to earn high interest on minimal deposits.

4. Synchrony

Synchrony Bank offers a wide range of high-yield savings accounts that offer interest rates ranging from 1.49% to 1.75% APY. The accounts come with no minimum deposit requirement and no monthly fees as well, making them an excellent option for individuals that seek flexibility and convenience.

5. CIT Bank

CIT Bank is best known for its high-yield savings account called Savings Builder, which offers an APY of 1.7%. The account requires a minimum balance of $100 and at least one qualifying deposit per month of $100 or more to earn the stated APY. Customers who do not maintain this requirement will earn 1.17% APY instead.

6. American Express

American Express offers an excellent savings account that boasts a 1.55% APY interest rate. There are no fees or minimum deposit requirement, and individuals can open an account in a matter of minutes. The bank’s excellent customer service has also been commended by many.

7. Discover

The last high-yield savings account on our list is Discover. Their online savings account offers a 1.5% APY with no minimum balance requirements or account fees. Discover also offers a feature that allows you to link your savings account to your checking account, making transfers seamless and effortless.

In conclusion, when deciding on a high-yield savings account, several factors need to be taken into consideration. One critical aspect to consider is the interest rate, which should provide a high yield. Fees and minimum balance requirements are also significant factors to consider. Ultimately, individuals should opt for an account that provides maximum flexibility, allowing for easy deposits and access to funds when needed.