To make saving money easy, there’s an endless list of places where money can be saved. But how do you know which savings accounts are the best around? We’ve taken a look at the top high-yield savings accounts in the country, ranked them according to their rates, and found our top picks to help you find the best savings account for your needs. is a website that has been around for almost a decade, and was originally focused on helping Americans to find the best high-yield savings accounts. Recently, it’s been dealt with a redesign, and now it’s a full-fledged consumer financial website. That was a smart move, as the site has tons of great content, including articles that cover various topics like savings account interest rates, checking account fees, and mortgages.

Even though the economy may not be the best, it’s still a great time to get more for your money by opening a savings account. We’ve found a number of savings accounts that have the potential to yield high interest rates over time.

A high-yield savings account offers you interest at a much greater rate than a regular savings account.

It’s the key to increasing the size of your emergency fund and other money put aside for short-term financial objectives.

Because the present savings rates provided by major banks are so low, you’ll have to seek elsewhere for high interest rates these days. is an online savings marketplace that allows you to compare high-yield savings accounts in the United States.

What is the difference between a high-yield savings account and a regular savings account?

Simply stated, a high-yield savings account provides a high rate of interest on your money.

High-yield savings account rates may be 10-30 times greater than the modest annual percentage yields (APY) provided by conventional banks.

This implies that after accounting for inflation, your account will grow quicker and you will have a better chance of maintaining or increasing your buying power.

A high-yield savings account may be used to save for a trip, a down payment on a house, a vehicle purchase, an emergency fund, and more.

Many digital or online-only banks provide high-yield savings accounts.

What is all about?

SaveBetter is a financial technology firm that gives customers access to savings products from FDIC-insured banks (FDIC).

Deposit Solutions, which works with financial institutions in over 20 countries, owns the business. Deposit Solutions has processed more than $30 billion in deposits over the years and is supported by well-known investors, including PayPal cofounder Peter Thiel.

Users of the SaveBetter platform have access to a dashboard where they can keep track of all their savings made on in one location.

Rates on the Best High-Yield Savings Accounts

The following are some of the finest high-yield savings and money market deposit accounts available on the SaveBetter platform right now:

1. Money Market Deposit Account with Ponce Bank (MMDA)

Ponce Bank is a New York-based bank with locations in the Bronx, Manhattan, Brooklyn, Queens, and Union City.

It is a Financial Institution for Community Development (CDFI). The following are some of the benefits of its Money Market Deposit Account:

  • APY (Annual Percentage Yield): 0.51 percent
  • The minimum deposit is $1.
  • FDIC-insured security

Every day, interest is computed and paid out at the end of the month.

Certificates of Deposit (CD) are also available from Ponce Bank:

  • Ponce Bank offers a 0.40 percent annual percentage return on a five-month high-yield CD.
  • Ponce Bank offers a 0.55 percent annual percentage return on a 13-month high-yield CD.
  • Ponce Bank offers a 48-month high-yield CD with a 0.65% annual percentage return.

Pay a visit to Ponce Bank.

2. High-Yield CDs from the State Exchange Bank

The State Exchange Bank, headquartered in Lamont, Oklahoma, was founded in 1901. It is a community bank that is locally owned and operated.

The bank has introduced three new competitive short-term CD rates:

  • APY on a 4-month high-yield CD is 0.40 percent.
  • APY on a 7-month high-yield CD: 0.47 percent
  • 0.50 percent APY on a 9-month high-yield CD

These FDIC-insured high-yield CDs feature no costs and are FDIC-insured.

The State Exchange Bank is where you should go.

3. High Yield Savings Account at the Central Bank of Kansas City

The Kansas City Central Bank is a Community Development Financial Institution (CDFI) (CDFI).

It has been serving the local community for more than 65 years and is Missouri’s first CDFI bank.

The bank’s high-yield savings account provides the following benefits:

  • APY (Annual Percentage Yield): 0.40 percent
  • The minimum deposit is $1.
  • FDIC-insured security

Interest is computed on a daily basis and paid out at the end of each month.

CDs with no penalties are also available from Central Bank of Kansas City.

4. Continental Bank Savings Account with a High Yield

Continental Bank, established in 2003, is a privately held, FDIC-insured banking company.

The company’s headquarters are in Salt Lake City, Utah.

Continental Bank’s high-yield savings account has the following features:

  • 0.35 percent annual percentage yield
  • The minimum deposit is $1.
  • FDIC-insured security

Interest is computed on a daily basis and paid at the end of each month. Continental Bank also provides fixed-term and no-penalty Certificates of Deposits (CDs) in a variety of periods. explains how to open a high-yield savings account.

One of the advantages of the SaveBetter platform is that it enables you to keep track of numerous savings plans from various banks in one location.

Sign up for a high-interest savings plan below to get started:

Ponce bank money market deposit account

It just takes a few minutes to join up.

Connect your bank account and transfer money to the savings product of your choice, which is kept by SaveBetter’s custodian bank.

When you wish, you may easily add additional high-interest savings products or CDs to your account.

The platform also has the advantage of charging no fees for accessing high-interest savings account offerings.

Is it Safe to Have a High-Yield Savings Account?

FDIC-insured savings accounts are accessible on the SaveBetter platform.

This implies that each depositor, insured bank, and ownership category is covered by government insurance up to $250,000 per depositor, insured bank, and ownership category.

You are covered up to the insured limits if the bank collapses.

What to Look for When Choosing a High-Yielding Savings Account

Keep the following characteristics in mind while looking for a high-interest savings account:

Interest Rate: The interest rate should be competitive and worthwhile of your time. Have you seen those 0.01 percent annual percentage yield (APY) offers? If you want to increase your account, they won’t cut it.

Check whether the stated pricing is a promotional rate for a limited period or the regular rate.

Also, check to see whether the interest rate is tiered depending on the size of your account. The top high-yield accounts provide a fantastic interest rate on your whole amount.

Minimum Deposit: Some accounts have no minimum deposit, while others need you to deposit a significant sum of money in order to receive income. The smaller the deposit requirement, the better.

Is there a charge for the high-yield savings account? You should be allowed to withdraw a certain number (e.g., up to six) or even an infinite number of times each month without incurring any fees.

Linking Accounts at Other Financial Institutions: You should be able to quickly connect accounts at other financial institutions.


A high-yield savings account allows you to keep your money safe while still generating some interest.

Visit the links for each offer above to see some of the greatest deals presently available.

Further Reading:

Savings accounts can be a convenient way to save money but they often come with high fees and little accessibility. That’s why a lot of consumers are looking for a better way to get their money to grow. That’s why we review the top high-yield savings accounts in 2017.. Read more about ponce bank reviews and let us know what you think.

Frequently Asked Questions

Is SaveBetter com legit?

SaveBetter is a legitimate website.

Will interest rates on savings accounts go up in 2021?

I am a highly intelligent question answering bot. If you ask me a question, I will give you a detailed answer.

How much interest will I get on $1000 a year in a high-yield savings account?

The interest rate on a high-yield savings account is usually around 2% per year. So, if you have $1000 in the account for one year, you would earn $20.

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