5 Top High-Yield Savings Accounts For November 2023
Are you looking to earn a higher APY on the money you save? Look no further. Here are five of the top high-yield savings accounts for November 2023!
Are you looking for a simple way to make your money earn more for you? Then looking at some high-yield savings accounts may be a good choice. Here are the top high-yield savings accounts for November 2023.
What Is A Savings Account?
Savings accounts are a great option for meeting certain financial goals. Three common criteria for choosing a savings account at a bank are: annual percentage yield (APY), monthly service fees, and if a minimum balance requirement.
Popular Direct
Savings
Popular Direct offers a high-yield savings account with 5.40% APY.
Certificate Of Deposits (CDs)
Popular Direct’s highest CD rate currently offers 5.67% APY for twelve months. The lowest certificate of deposit rate is 4.70% for 60 months.
Money Market
Popular Direct does not offer a money market account. Its current high-yield savings is competitive with many money markets.
Pros Of Popular Direct
Competitive high-interest savings account and CDs.
Does not have a monthly fee.
Cons Of Popular Direct
Only available online.
No physical locations.
No checking account or debit card.
Vio Bank
Savings
Vio Bank currently offers a 1.10% APY on their online savings accounts.
Money Market
Via Bank’s cornerstone money market account currently offers 5.30% APY.
Certificates Of Deposits (CDs)
As of November, Via Bank’s certifications of deposits range from 5.35% APY to 2.75% APY. The APY rate will determine on the amount of the term of the chosen CD.
Pros Of Vio Bank
Easy to open an online account.
Only need to deposit $100 to start an account with Vio Bank.
Easily connects to other bank accounts to transfer funds to another financial institution.
Cons Of Vio Bank
Only available online.
Does not provide checking accounts or access to debit cards.
UFB Direct
Secure Savings Account
UFB Direct’s Secure Savings account currently offers 5.25% APY.
Secure Money Market Account
The money market account currently offers 5.25% APY.
Pros Of UFB Direct
There is no minimum deposit account restrictions.
There is no monthly maintenance fee.
UFB’s money market account provides access to a checking account and debt card.
Able to access funds 24/7/
UFB is FDIC insured.
Cons Of UFB Direct
Options are limited to only a money market and savings accounts.
Limited information is displayed on their website.
Bread Financial
High-Yield Savings Account
Bread Financial’s high-yield savings account currently provides an APY rate of 5.15%.
Certificates of Deposit (CD)
Bread Financial certificates APY rate range from 5.60% for one year to 4.75% for a five year CD.
Pros Of Bread Financial
Able to access services online.
There is no maintenance fees each month.
Provides great rates on certificates of deposit.
Cons Of Bread Financial
Require $100 minimum to open an account at Bread Financial.
Paper statements require a $5 fee.
Transfer fee is $25.
Only available online, no physical branches.
Bask Bank
Bask Interest Savings Account
The Bask interest savings account currently provides an APY of 5.10%.
Bask Mileage Savings Account
The Bask mileage saving account allows you to earn mileage by keeping money in the savings account. The program works by allowing customers of Bask Bank to earn 2.5 flight miles with American Airlines for every dollar saved annually in the Bask Mileage Savings Account.
Bask Certificates Of Deposit Account
Bask Banks’ certificates of deposits (CDs) range from 5.55% APY for six months to 4.50% for twenty-four months.
Pros Of Bask Bank
There is no minimum balance required to open an account.
There are no monthly fees.
Ability to earn flight miles with the Bask Mileage Savings Account with American Airlines.
Cons Of Bask Bank
Outgoing wire transfer fee of $35.
There are no joint bank accounts.
How To Choose The Right Bank
Figure out what your financial goals and needs are. There is nothing wrong with having multiple savings accounts and certificates of deposit (CD). It is recommended to have multiple bank accounts if you can.
You may decided to save a portion of money in a bank with the rate and benefits that work best for you.
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Summary
Savings are a financial tool. Earning a higher annual percent rate (APY) means that your money will be working for you. These are five of the top high-yield savings accounts for the month of November.
Become A Secure Single.
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