FaqsResearch.com | Engaging Blogs For All

Home - Banking - Top 10 Savings Accounts To Choose From

Top 10 savings accounts to choose from

There are a few things a person must see before opening a savings account. The main feature being the interest rates (APY) followed by the fees the bank charges. It is also important to differentiate between a savings account and checking account depending upon your requirements. Minimum balance requirements of the bank must satisfy the income or savings you generate. Below are ten banks which offer the best savings accounts.

PurePoint Financial – 1.40% APY with minimum balance requirement of $10,000
Synchrony – 1.50% APY with FDIC-insured accounts have no minimum monthly balance requirements or service fee. Standard rates regardless of your bank balance.
Barclays – 1.50% APY, no minimum balance to open or monthly minimum balance. If you are looking to save more money, Barclays offers you a 2.5% bonus of interest earned and another 2.5% interest if you don’t make any withdrawals for 6 months with a minimum deposit of $1000.
CIT Bank – Online Bank with 1.55% APY, a minimum deposit of $100 required to open the accounts, and interest compounds daily.
Goldman Sachs Bank – Online Bank with 1.50% APY, no minimum deposit with interest compounded daily. No transaction fees.
Discover Bank – Online Bank with 1.20% APY, no minimum deposit and monthly fees, no minimum monthly balance, Interest compounded daily with a monthly payment of interest.
Live Oak Bank – 1.60% APY, No activity fee for less than $10 for 24 months, no minimum deposit and monthly fees, no minimum monthly balance.
Digital Federal Credit Union – For small Balance Savers, 5.12% APY up to $1000, Move to other banks if your balance is above $1000
Dollar Saving Direct – 1.60% APY, no minimum deposit and monthly fees, no minimum monthly balance, Rate may go down in the future and there is an uncertainty on the rates.
Salem Five Direct – 1.50% APY, $100 to open, Minimum six transactions per month as per regulations and $10 per transaction after that.

The APY rates may change at any time due to the market conditions. As you know that the above rates may fluctuate and to be aware of the changing rates, it is advisable to conduct extensive research on the best savings accounts of 2017 and 2018 to make an informed decision.

Disclaimer:

The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.

Cost of Medicare supplemental insurance plans for seniors

Guide to CPP Investments

Popular Articles

All You Need To Know About Bleeding Gums

All you need to know about bleeding gums We often do not pay much thought to bleeding gums and shrug it off because they invariably happen when we brush or floss our teeth. We consider it as normal but it should not be ignored. Gum bleeding is a fairly common problem.

Understanding The Stages A Congestive Heart Failure

Congestive heart failure (CHF) is a serious progressive condition affecting the pumping power of the muscles in the heart. It is generally called heart failure, but CHF specifically means the stage when fluid builds up all around the human heart resulting in inefficient pumping. There are a total of four heart chambers.

Deep Vein Thrombosis – Diagnosis And Treatment

Deep Vein Thrombosis – Diagnosis and treatment Deep Vein Thrombosis is a condition where a blood clot occurs in one of the deeper veins in the body; usually in the legs. Deep vein thrombosis leads to symptoms such as swelling, cramps, and leg pain. In a few rare cases, there are no symptoms of deep vein thrombosis.

The Causes And Symptoms Of Carcinoid Neuroendocrine Tumors

The causes and symptoms of carcinoid neuroendocrine tumors The neuroendocrine system can be described as a network of glands producing hormones that are carried into the bloodstream. There are different roles that these hormones play in the human body. The carcinoid neuroendocrine tumor is a very rare tumor that shows up in the cells of the neuroendocrine system.

Carcinoid Neuroendocrine Tumors – Prognosis And Life Expectancy

Carcinoid neuroendocrine tumors – Prognosis and life expectancy The neuroendocrine system is a complex regulatory mechanism comprised of cells spread throughout several organ systems, including our lungs and digestive system. As they have characteristics of both nerves and endocrine cells, they are called neuroendocrine cells. The nerve cells transmit signals using electrical impulses, whereas endocrine cells make thyroid and insulin-secreting glands.

What Are The First Signs Of Liver Damage

Liver damage – What are the first signs? On the right side of the abdomen, below your rib cage, is an organ called the liver. It is the size of a football and is one of the most important organs in the human body. The liver aids in the digestion of the food we eat and also helps in flushing out the toxins from our body.

What Are The Causes And Symptoms Of External Hemorroids

What are the causes and symptoms of external Hemorrhoids? Hemorrhoids, popularly known as ‘Piles,’ are enlarged or swollen blood vessels near the lower part of the rectum or anus. The inflamed veins are caused due to excessive pressure on the veins or extra strain during bowel movements. Hemorrhoids are very common in men as well as women in their middle age.

Home Remedies To Relieve Pain And Discomfort Due To Hemorrhoids

Home remedies to relieve pain and discomfort due to hemorrhoids Hemorrhoids are also known as “piles” as they are swollen or inflamed veins in and around the anus region of the body that cause severe pain, along with distress and bleeding. The swelling is caused due to increased pressure around the area or due to an injury during a bowel movement.