These are the banks that pay the most interest in the United States

The financial entities with the best rates of return are online banks, but to obtain a good annual return, other requirements must be taken into account.

When it comes to marrying a bank, there are many tips that you can read in the financial field, but one of the most important points to take into account is the interest that your savings will receive. That is, you should look for a savings account that is subject to a high APY (annual percentage yield) so that the return on your savings rises. We are talking about high yield savings accounts.

They are called high-yield precisely because they pay above-average performance. For example, an average savings account pays 0.07% annual return (APY) and the best option to find a return up to 7 times higher is with an online bank. Online banks usually offer higher interest rates than traditional banks.

According to the personal finance guide “banking with an online bank that is a member of the Federal Deposit Insurance Corp. (FDIC), can be a great way to earn a higher rate and ensure that your money stays protected. ”. That is why we bring you an updated list of the best interest rates on savings accounts, this list can change constantly, here is the update until April 2021.

Accounts that offer better interests

  1. Live Oak Bank: with a 0.60% APY, this online bank offers quite competitive interest rates and does not ask for a minimum deposit to open the account, therefore it will not ask you to maintain a minimum balance and the monthly service fee is 0$.
  2. Vio Bank: With 0.57% APY, it offers both a savings account and a certificate of deposit, it is considered one of the best returns that exist in bank accounts and they are applied in all balances. To open the account you will require a minimum deposit of 100 dollars.
  3. Alliant Credit Union: With 0.55% APY, also has a $100 requirement to open the account, requires a minimum balance of $5 in the account to keep it open, and a daily average of $100 to earn interest.
  4. Comenity Direct: With a rate of 0.55% APY, offers a savings account and certificate of deposit. The opening and minimum balance is $100.
  5. Quontic Bank: Also 0.55% APY, based in New York City and calling itself the Adaptable Digital Bank, the high-yield account opens with $100 and requires no maintenance fee. It also offers installments on CD.
  6. Popular Direct: also with a rate of 0.55% APY, accounts are opened through Popular Bank but in this case the minimum deposit to open the account is $5,000 for the savings account and for certificates of deposit the minimum is $10,000.
  7. CIBC Bank USA: offers an annual return of 0.52% (APY), requires a minimum of 1,000 dollars to open the account. And it has a digital bank called CIBC Agility.
  8. Ally Bank: 0.50% annual return, requires $0 minimum to open the account and certificates of deposit without penalty.
  9. Citibank: with 0.50% APY, also $0 as a minimum required to open an account, if you maintain an average balance of $500 per month, it does not charge you a commission, but there is a balance of $4.50 commission if you do not link your savings account with the current one and if you link them but you do not meet the requirements for the monthly commission to be waived, then the charge is $10. Not available in the states of New York and California.
  10. Marcus by Goldman Sachs: With 0.50% APY, requires $0 minimum opening deposit, no minimum balance and no monthly fee.
  11. Synchrony Bank: Same with 0.50% APY, $0 minimum deposit to open account, with competitive yields on 12 installments.
  12. Salem Five Direct: Another 0.50% APY, as we see it is more or less the average standard, but not the best annual return. to open the account requires $10. Performance is competitive no matter what your balance is. Now, each transaction from this account at a Salem Five branch costs $9.95.

You should also take into account, apart from having a high APY: an account with no or low fees; you have to weigh other requirements to get the performance you want.