The Best Interest-Earning Bank Accounts Today: Nov. 21, 2022

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The average interest rate paid by a savings account at this time is 0.21% Annual Percentage Yield (APY), based on the FDIC.

The Best institution that is online getting a competitive interest rate on a high-yield savings account is UFB Direct, which pays 3.83% (as of 11/14/2022) APY on UFB Direct UFB High Rate Savings. National brick-and-mortar banks generally pay much lower interest rates than online banks. For example, US Bank pays 0.01% APY on the US Bank Standard Savings Account.

We’ve been checking over a dozen institutions that are financial carry on due to their new rate offerings. Our best savings accounts guide and best high-yield savings account guide is generally great starting points in your research — but for you.

Below if you prioritize finding the highest rates above all else, this list is, you’ll find some of the most interest that is competitive for savings accounts, hybrid checking/savings accounts, money market accounts, and CDs.

Best interest-earning bank account: November 21, 2022 Chevron icon
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Open a merchant account with any account balance

Best brick-and-mortar checking account rate

Earn 2.00% APY you link an eligible checking account or credit card with any account balance if you have an account balance of $250,000 or more, and

Best checking/savings combo rate

Best money market account rate

Open and continue maintaining a merchant account with no less than $1,000

Maintain at the very least $1,000 in a merchant account for your term that is entire

Best 1-year CD or rate that is 3-year

Maintain at the very least $500 in a merchant account for your term that is entire

Maintain at the very least $1,000 in a merchant account for your term that is entire

Maintain at the very least $1,500 in a merchant account for your term that is entire

Best online savings account rate

Annual Percentage Yield (APY)


3.83% (at the time of 11/14/2022)

Minimum Deposit Amount

UFB Direct UFB High Rate Savings


$0

Annual Percentage Yield (APY)


3.83% (at the time of 11/14/2022)

Minimum Deposit Amount

Details

Annual Percentage Yield (APY)


3.83% (at the time of 11/14/2022)

Minimum Deposit Amount

Pros & Cons Chevron icon

No monthly service fee Check mark icon

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No minimum opening deposit Check mark icon

A check mark. What this means is a confirmation of one’s intended interaction.

ATM card included Dash icon

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Additional Reading Chevron icon

It indicates an section that is expandable menu, or sometimes previous / next navigation options. UFB DirectWhy it stands out:UFB High Rate Savings is an online division of Axos Bank.

could be a option that is good you would like a savings account with zero monthly service fees and an aggressive interest rate.Savings rate:

3.83% (at the time of 11/14/2022) APYthings to be aware of: 

UFB Direct only offers savings and cash market accounts. If you wish to also open a checking account or CD, you are likely to prefer another institution that is financial

TD Bank TD Signature Savings

Best brick-and-mortar savings account rate

Annual Percentage Yield (APY)


0.01% to 2.00%

Minimum Deposit Amount


None

Fees

TD Bank TD Signature Savings


$15 (with choices to waive)

Annual Percentage Yield (APY)


0.01% to 2.00%

Minimum Deposit Amount


None

Fees

Details

Fees


$15 (with choices to waive)

Annual Percentage Yield (APY)


0.01% to 2.00%

Minimum Deposit Amount

Pros & Cons Chevron icon

A check mark. It indicates a confirmation of your interaction that is intended check deposit
Check mark icon

A check mark. What this means is a confirmation of one’s intended interaction.

No minimum opening deposit Check mark icon

A check mark. What this means is a confirmation of one’s intended interaction.

Free incoming wire transfers Check mark icon

A check mark. What this means is a confirmation of one’s intended interaction.

Free money orders Check mark icon

A check mark. What this means is a confirmation of one’s intended interaction.

Free stop payments Check mark icon

A check mark. What this means is a confirmation of one’s intended interaction.

Free official checks Dash icon

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$15 monthly service fee Dash icon

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