How Savvy Seniors Get Up To 23x More Interest from High-Yield Savings Accounts1
You’ve spent a lifetime working. Earning your money took hard work.
Now, you can get more out of your savings with the following High Yield Savings Accounts.
As you approach retirement, it’s essential to make your money work as hard as possible so you can enjoy the lifestyle you deserve.
Traditionally, one of the safest places to put your money was in a bank savings account.
However, traditional savings accounts have been paying little to no interest over the last few years making it harder for you to grow your money.
But that’s not the case anymore…
Fortunately, the Internet has Changed all That!
Online savings accounts give you a secure place to park your money while also providing much higher-yielding savings rates than you’ll find at your local ‘brick-and-mortar’ bank.
In some cases, those rates are up to 15x more than what you can get at a traditional local branch bank.
How Online Banks Offer Higher Interest Rates
Similar to Amazon.com – online banks don’t have to maintain expensive ‘local’ branches or store fronts – and the cost associated with them – throughout the US. This way they can pass along this cost-saving measure to its customers in the form of HIGHER interest rates.
But Don’t Think of Online Banks As ‘Small’ or ‘Impersonal’
Many have been started and are backed by some of the largest financial institutions in the country.
And since online banks are regulated by the FDIC – the same as your local bank – you can rest easy knowing your money is safe, sound and insured.
Plus, if you ever have any questions or concerns, they have real people answering the phones at their customer call centers.
Some of The Online Banks That Offer High Interest Include…
Marcus by Goldman Sachs, 2.00% APY
Marcus by Goldman Sachs puts 150 years of financial expertise and modern technology to work for you. Marcus pays a highly competitive 2.00% APY on savings deposits. Marcus also charges no monthly fees2, and the minimum balance required to earn interest is just $1.
Barclays, 2.00 APY
Barclays is an online option from a well-known international bank. It pays a competitive 2.00% APY and has no monthly maintenance fees, has no minimum balances, plus they offer plenty of tools to help you save3.
Ally Bank, 1.90% APY
When it comes to overall digital experience, Ally Bank has one of the best savings account programs… Their website is easy to use, and the bank’s mobile apps are compatible with Apple, Android and Windows devices. Plus, the 1.90% APY is among the best on the market, and there’s no monthly fee or minimum deposit requirement4.
How to Find High-Interest Savings Accounts
Online resources make it easy to compare rates to find the best high-interest savings accounts.
You just have to know where to look! Search around online to see which online-only banks offer the best incentives, offer the highest amount of interest, and have the top reviews.
So, go ahead and search the online bank that best suits your needs.
