What online bank account has the highest interest rate?
Table of Contents
What online bank account has the highest interest rate?
Best online savings accounts and rates of July 2022
| Bank | APY | Bank Review |
|---|---|---|
| Barclays Online Savings Account | 1.10% APY | Barclays Bank Review |
| Discover Online Savings Account | 1.10% APY | Discover Bank Review |
| Synchrony High Yield Savings | 1.10% APY | Synchrony Bank Review |
| Popular Direct Ultimate Savings Account | 1.05% APY | Popular Direct Review |
What kind of savings account has the highest interest rate?
Certificate of deposit
Certificate of deposit, or CD: usually has the highest interest rate among savings accounts but the most limited access to funds.
Where can I get a 5% return on my money?
There’s no totally safe way to earn 5% consistently.
- Checking. A transactional account that allows for numerous withdrawals and unlimited deposits.
- Savings. A bank account that keeps your money safe and secure, while paying you interest.
- MMA.
- CD.
- 401K.
- Brokerage.
- REIT.
- Robo Advisor.
Which credit union has the highest CD rates?
Recap: Best 1-year credit union CD rates – July 2022
| Institution | APY | Minimum deposit for APY |
|---|---|---|
| Bethpage Federal Credit Union | 1.65% | $50 |
| Alliant Credit Union | 1.50% | $1,000 |
| Security Service Federal Credit Union | 1.45% | $25,000 |
| Navy Federal Credit Union | 1.40% | $1,000 |
What was a CD rate in 2010?
Historical CD rates
| 3-month CD | 3-year CD | |
|---|---|---|
| January 2010 | 0.40% | 1.65% |
| July 2010 | 0.31% | 1.50% |
| January 2011 | 0.22% | 1.09% |
| July 2011 | 0.18% | 0.99% |
