Best high interest savings account, surely it really attracts your attention, right? Who doesn’t want to make their savings enjoy such high interest? Everyone wants it because it means that they can have such nice investment. However, if you think you should compare the banks around you, you may end up biting your nails because you notice that the interest rates are so low. It’s not a secret to the financial society that the bank interest rates are relatively low. Such condition has happened for quite a while and it seems that there will be no change about that for quite some time. If you are interested to find the best high interest rate for your savings, you may want to forget about the regular banks and consider online banks.
Yes, it is true, if you do some kind of research by browsing online, you will find that the best high interest savings account is actually offered mostly, if not all, by the online banks. The rate is totally incomparable the regular banks. But, still, there are some people out there who are not really sure about saving their money in online banks because they are not familiar with them. They may be afraid that they will only lose their money instead of enjoying investment. Truth be told, there have been some fraud issues related to online banks. However, it doesn’t mean that all online banks are bad. There are some highly reputable online banks which can really do their job well just like the regular banks. And there are also some other benefits in using online banks services like the ease, convenience, and the fact that you can check on your own account all the time. When it comes to the security, you should not worry at all as long as you are using the help from the right and proper online bank.
Alright, enough with the explanation about the online bank. Let’s talk about which online banks offer you with the best interests. The first one, we have Ally. When it comes to the interest rate, this online bank offers you with 1% APY or Annual Percentage Yield. The next alternative comes from Synchrony Bank. If Ally can offer you with 1% APY, Synchrony Bank can give a whooping 1,15% APY. Or you may want to try Discovery Bank which can offer you with its 1.10% APY. Of course, you should also learn even further about those banks to determine the best high interest savings account along with the other features offered.