It’s been on my to-do list for a while – research high-yield savings accounts. Most savings accounts offer a 0.1% interest rate. Some banks offer competitive annual percentage yield (APY) savings accounts, so why settle for less?
I finally did my research and found some good options that don’t have a minimum balance requirement. Citibank’s Citi Accelerate is currently offering select cities a 2.23% APY. American Express’ Personal Savings account offers a 1.9% APY.
– Robin Rectenwald, WordWrite