Earn More – Compare High Yield Savings Accounts
With inflation overheating, you’ve probably heard that interest rates are climbing sharply. That means that for the first time in years, it’s a great time to shop around for a high interest savings account.
Now is the time to pay attention to how much your bank balance is earning. While rates are quickly climbing, major banks like Bank of America, Chase and Truist are still paying just 0.01% APY on their standard savings accounts in many states. That means that if you have $2,500 in a savings account with them, you could earn just 25 cents after one year! Move those hard-earned savings to a bank paying 3.50% APY and you’d earn $87.24 more! Some banks are paying even higher rates, and your money is safe, with balances up to $250,000 fully insured by the FDIC.
Don’t let your hard-earned savings sit there doing nothing. Check out the rates that you can earn at other banks: