What are the best high-yield savings accounts?

What are the best high-yield savings accounts available right now?

Some of the best high-yield savings accounts currently include those from Ally Bank, Marcus by Goldman Sachs, and American Express Bank. They typically offer interest rates around 3-4%.

What factors should I consider when choosing a high-yield savings account?

You should consider the interest rate, fees, minimum balance requirements, and the bank's reputation for customer service.

Are there any risks associated with high-yield savings accounts?

High-yield savings accounts are generally low-risk, but it's important to ensure the bank is FDIC insured to protect your deposits.

Can I access my money easily with these accounts?

Yes, most high-yield savings accounts allow easy access to your funds through online banking, ATMs, or transfers to other accounts.

How often do the interest rates change?

Interest rates on high-yield savings accounts can change frequently, often in response to changes in the federal funds rate.