I’m researching savings account options for 2024 and would like to know about the current best interest rates available. Which banks or financial institutions are offering the highest yields for savings accounts this year? Any insights on introductory rates, ongoing APYs (Annual Percentage Yields), and terms would be greatly appreciated.
Since Marcus is offered by Goldman Sachs, I’ve been using it, and so far, so good! It currently has an APY of 4.40%.
Big banks already have enough cash on hand, so they’re not looking to grow their deposits. You might want to consider smaller banks like EQ instead.
According to banking experts, as of July 2024, the Western Alliance Bank had the best annual percentage yield at 5.31%. This rate applies to the certificate of deposit account.
In addition, you would not need to have a minimum deposit to gain