In addition to a respectable APY, this high-yield savings account offers zero monthly maintenance fees and no minimum balance requirements. It made this list thanks in part to its easy online account management that includes mobile text banking, allowing users to request account information, and mobile text alerts, allowing automatic notices about users' accounts. Sallie Mae may be best known as a private student loan lender, but the financial institution also offers a variety of savings products, including CDs, a money market account and the Sallie Mae High-Yield Savings Account with a 4.50% APY. Discover's website also offers helpful advice and "how to" articles through its Modern Money Blog. On the website, users can add and remove certain banks to create their own comparison chart to see how the banks stack up to one another. Discover savings account holders can make up to six free withdrawals or transfers per statement cycle.ĭiscover's website makes it easy to compare its savings accounts to other big banks' accounts. Using the app, they can also transfer money from one account to another and use Quick View to check their savings account balance without having to log into their account each time. Interest compounds daily and is paid out monthly.ĭiscover offers customers mobile check deposits where they can easily deposit a check into their savings account by snapping a photo of it with their smartphone or tablet. There are no monthly fees and no minimum deposit required to open an account. This account ranked "best for rewards" on CNBC Select's list of the top no-fee checking accounts. If you're looking to do all your banking in one place, Discover stands out because it has an online Discover Cashback Debit Account option as well that comes with no monthly fees, cash back on your debit card purchases and access to over 60,000 ATMs nationwide. The Discover Online Savings Account offers a strong 4.35% APY, access to accounts on the go and well-reviewed 24/7 customer service. Topics include how much you should save for retirement, how to get more out of your savings and ways to be a better saver. You can also receive your monthly statement either digitally or by mail at no extra charge to you.Īmerican Express also has a helpful "Tips & Tools" section on its website with educational resources and strategies to help you save. Once your external account is linked (which can take up to two days), transfers typically take less than 24 hours to complete. Interest compounds daily and is deposited into your account monthly.Ĭustomers can easily transfer and automate their deposits from their external bank account by simply setting it up within a few minutes online. The account is easy to use and has 24/7 customer service with good reviews. The American Express® High Yield Savings Account ranked as CNBC Select's best overall high-yield savings account offered by a big bank because it offers users an above-average rate of 4.30% APY as of with no deposit minimums or monthly fees. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs Bonds Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score Taxes +More All Taxes Best Tax Software Best Tax Software for Small Businesses Tax Refunds Small Business +More All Small Business Best Small Business Savings Accounts Best Small Business Checking Accounts Best Credit Cards for Small Business Best Small Business Loans Best Tax Software for Small Business Personal Finance +More All Personal Finance Best Budgeting Apps Best Expense Tracker Apps Best Money Transfer Apps Best Resale Apps and Sites Buy Now Pay Later (BNPL) Apps Best Debt Relief
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