Interest rates on savings accounts have been on the rise in recent months, as banks compete for your money. As of June 2023, the best savings account rates are offered by online banks and credit unions.
Here are some of the top savings accounts with the highest interest rates:
When choosing a savings account, it’s important to compare interest rates, fees, and features. You should also consider how often you need to access your money, and whether you want an account with a mobile app or online banking.
With so many great savings accounts available, you’re sure to find one that’s right for you. So start comparing rates today and start earning more on your savings!
Here are some factors to consider when choosing a savings account:
- Interest rate: This is the most important factor to consider, as it will determine how much interest you earn on your savings.
- Minimum balance requirement: Some savings accounts have a minimum balance requirement, which means you must keep a certain amount of money in the account at all times. If you don’t, you may be charged a fee.
- Monthly fees: Some savings accounts have monthly fees, so be sure to factor these into your decision.
- Features: Some savings accounts offer features like ATM access, mobile app, or online banking. Consider which features are important to you and choose an account that offers them.
- Accessibility: If you need to access your money frequently, you’ll want to choose an account that’s easy to access. Some savings accounts have limited ATM access or online banking hours.
How to find the best savings account for you:
- Compare interest rates from different banks and credit unions.
- Consider the minimum balance requirement and monthly fees.
- Choose an account with features that are important to you.
- Make sure the account is easy to access.
- Open the account and start saving!