In the ever-changing financial landscape, finding the best high-yield savings accounts can be a challenge. With interest rates fluctuating and new accounts being introduced, it’s important to stay updated on the options available in March 2023. High-yield savings accounts offer higher interest rates than traditional savings accounts, helping you grow your money more quickly and efficiently.
These 13 best high-yield savings accounts allow you to earn significantly higher interest than standard savings accounts. They are offered by a variety of financial institutions, including online banks, traditional banks, and credit unions. To help you navigate the multitude of options, we have evaluated and compiled a list of the top choices, taking into consideration factors such as Annual Percentage Yield (APY), account features, and customer satisfaction. Read on to discover the leading high-yield savings accounts available in March 2023, which will enable your money to work harder for you.
Account 1
One of the top high-yield savings accounts for March 2023 is the TotalDirectBank account, offering a 5.05% APY. This impressive rate is highly competitive in the market, making it a great choice for those looking to maximize their savings.
The account features include no monthly maintenance fees and no minimum balance requirement, allowing savers to focus on growing their funds without worrying about any hidden costs. Additionally, account holders have access to online banking tools, making it convenient for users to manage their savings from anywhere, at any time.
Some other benefits of the TotalDirectBank high-yield savings account are:
- Federally insured by the FDIC up to $250,000
- 24/7 online and mobile banking access
- Customer support through phone and email
Though this account offers a high APY, it’s essential to be mindful of potential changes in interest rates moving forward. Staying updated with the current rates helps ensure that savers can continue to optimize their savings strategies effectively.
Account 2
The second account on our list of the best high-yield savings accounts for March 2023 is the Primis Savings Account with an impressive 4.35% APY. This account is suitable for those looking for a competitive interest rate to help grow their savings without compromising on convenience and accessibility.
One of the outstanding features of the Primis Savings Account is that there are no monthly fees, which allows you to maximize your earnings without worrying about extra costs eating into your balance. Furthermore, the account requires no minimum deposit, making it an attractive option for individuals with varying starting balances.
When it comes to accessibility, the Primis Savings Account offers online and mobile banking, ensuring that account holders can easily view their account balance and transaction history, as well as make fund transfers at their convenience. However, it is essential to note that while the account offers a competitive interest rate, it may have limits on the number of withdrawals per month, which is typical of high-yield savings accounts.
In summary, the Primis Savings Account is a strong contender among high-yield savings accounts for its 4.35% APY, no monthly fees, and accessibility for account holders. With its ease of use and competitive interest rate, it justifies its position on our list of the 13 best high-yield savings accounts in March 2023.
Account 3
The third high-yield savings account on our list comes from UFB Preferred Savings, offering an impressive 5.02% APY as of 03/13/2023. This competitive rate provides an excellent opportunity for those looking to grow their savings efficiently. To find more information on UFB Preferred Savings, visit Business Insider.
UFB Preferred Savings stands out among other high-yield savings accounts due to its exceptional interest rate and user-friendly account management features. The bank provides online and mobile banking options, making it easy for account holders to monitor their savings and access their funds anytime, anywhere.
Some key features of UFB Preferred Savings include:
- No monthly maintenance fees
- FDIC insured for peace of mind
- Easy-to-use online and mobile banking platforms
When considering the UFB Preferred Savings account, it’s essential to note that this account may require a higher minimum balance to earn the outstanding 5.02% APY. However, the higher interest rate could make the increased minimum balance worth it for those serious about maximizing their savings growth.
Account 4
The fourth high-yield savings account on our list for March 2023 is offered by Primis Bank. This account currently provides an impressive annual percentage yield (APY) of 4.35%, which is more than 11 times the national average.
Some of the key benefits of Primis Bank’s high-yield savings account include:
- No monthly maintenance fees
- Minimum deposit of only $100 to open an account
- Interest is compounded daily and credited monthly
- FDIC-insured up to the maximum allowed by law
With its competitive interest rate and user-friendly features, Primis Bank’s high-yield savings account is an excellent option for those looking to maximize their savings potential. The bank also offers online and mobile banking services, allowing account holders to easily access and manage their funds anytime, anywhere.
Account 5
The fifth account in our list of best high-yield savings accounts for March 2023 is the UFB Preferred Savings account. This account currently offers a competitive APY of up to 5.02%, making it an attractive option for savers seeking high returns on their deposits.
One of the key features of the UFB Preferred Savings account is its tiered interest rate structure. Depending on the account balance, you can earn different interest rates:
- For a balance of $0 – $24,999.99, you will earn 0.20% APY
- For a balance of $25,000 – $99,999.99, you will earn 4.35% APY
- For a balance of $100,000 and above, you will earn 5.02% APY
The account can be easily managed online, and there are no monthly maintenance fees, making it a cost-effective choice for customers. To open a UFB Preferred Savings account, a minimum deposit of $5,000 is required.
In addition to the high interest rate, the account also offers additional features like free mobile banking, free online bill pay, and email and text alerts that keep customers informed of their account activities. It’s important to note that fees may apply for certain services such as wire transfers and paper statements.
Account 6
The sixth account on our list of the best high-yield savings accounts for March 2023 is the UFB Preferred Savings account. With this account, you can enjoy a competitive APY of 5.02% on your deposits. The impressive interest rate is one of the reasons why it’s a top contender in the high-yield savings market.
The UFB Preferred Savings account doesn’t require a minimum balance to open, making it accessible for everyone. It also has no monthly maintenance fees, so you won’t have to worry about extra charges eating into your savings.
Some additional features that make this account stand out include:
- Free online and mobile banking: Manage your account conveniently through the bank’s online platform or mobile app.
- Easy fund transfers: Set up electronic transfers to and from other banks and accounts with ease.
- FDIC insured: Your deposits are insured up to $250,000 as per FDIC limits, providing a sense of security for your savings.
Considering its competitive APY, no minimum deposit requirement, and zero maintenance fees, the UFB Preferred Savings account is a solid choice for anyone looking to grow their savings more quickly.
Account 7
Bread Savings offers a competitive high-yield savings account with an annual percentage yield (APY) of 4.25% as of March 2023. Formerly known as Comenity Direct, Bread Savings Account is provided by Comenity Capital Bank, an FDIC-insured institution.
Some of the key features of this high-yield savings account include:
- No monthly maintenance fees
- Minimum deposit of $100 to open an account
- FDIC-insured up to $250,000 per depositor
- Easy-to-use online and mobile banking platform
Customers can conveniently access their Bread Savings account via the bank’s website or through its mobile app, making it easy to manage their finances on the go.
In conclusion, Bread Savings’ high-yield savings account is a competitive option for those looking to earn a strong return on their savings without incurring unnecessary fees or meeting high balance requirements.
Account 8
The eighth account on our list of the 13 best high-yield savings accounts in March 2023 is the CIT Bank Platinum Savings Account. This account is particularly well-suited for those with larger balances, as it requires a minimum balance of $5,000 to start earning the competitive interest rates it offers.
The account features an attractive APY that can help grow your savings faster, especially when compared to traditional savings accounts. Additionally, this high-yield savings account benefits the account holder by having:
- No monthly fees
- Daily compounding of interest
- 24/7 online and mobile banking access
- FDIC insured up to the maximum allowed by law
These features, combined with the account’s competitive interest rates, make the CIT Bank Platinum Savings Account an appealing choice for savers with a larger balance looking to earn more on their investments while maintaining the security and accessibility of a savings account.
Account 9
Account 9 offers a competitive rate, making it one of the best high-yield savings accounts in March 2023. It is known for its ease of use, customer service, and attractive features that help savers maximize their returns.
Opening an account with this bank is quick and straightforward. Customers enjoy 24/7 online access, mobile banking options, and the ability to set up automatic transfers to effortlessly grow their savings. Additionally, this high-yield savings account has no monthly maintenance fees, ensuring that your money keeps growing without unnecessary expenses.
Some notable features of Account 9 include:
- High annual percentage yield (APY)
- No monthly maintenance fees
- Easy-to-use online and mobile banking
- Automatic savings transfers
- Excellent customer support
Account 9 is an excellent choice for those looking to grow their money in a high-yield savings account without incurring unnecessary fees or dealing with complex banking requirements. The strong emphasis on user experience and customer support ensures a pleasant and smooth banking experience.
Account 10
The 10th account on our list of best high-yield savings accounts in March 2023 is a great option for those looking for competitive APYs and an easy-to-use platform. With a current APY of 4.40%, this account stands out for its impressive return on your savings.
Opening this account is simple, often requiring only a few minutes of your time and a minimal initial deposit. Additionally, there are no monthly maintenance fees or hidden charges to worry about, which is vital when choosing a high-yield savings account.
Some key features of Account 10 include:
- 4.40% APY
- No monthly maintenance fees
- Easy online account opening
- Minimal initial deposit requirement
This high-yield savings account stands out for its secure and user-friendly platform, providing a simple way to track and manage your savings. It also typically offers useful tools such as financial calculators and educational resources to help users make informed decisions about their finances.
Account 11
The eleventh account to consider for high-yield savings in March 2023 is Account 11. This account offers competitive APYs and user-friendly features. Opening Account 11 through an online platform ensures accessibility and convenience for account management.
Some notable highlights of Account 11 include:
- High annual percentage yield, allowing for accelerated savings growth.
- No minimum balance requirement, making it an accessible option for users with varying savings goals.
- Various deposit options, such as mobile check deposit or direct deposit, accommodating versatile funding methods.
Account 11 also prioritizes security and customer support:
- FDIC insured for up to $250,000, providing peace of mind for depositors.
- Offers reliable customer service via phone, live chat, or email for account holders.
- Maintains user-friendly online banking and mobile app options for ease of management.
Overall, Account 11 is a solid choice for those seeking a high-yield savings account that combines competitive rates, accessibility, and strong customer support.
Account 12
Our twelfth pick for the best high-yield savings accounts in March 2023 is the CIT Bank’s Platinum Savings account. This account stands out as an excellent choice for savers with larger balances who want to maximize their earning potential.
To qualify for the highest APY, you need to maintain a balance of at least $5,000. In addition to its competitive interest rate, CIT Bank’s Platinum Savings account offers several features that make it a top choice for diligent savers:
- Funds easily accessible through online and mobile banking
- FDIC-insured up to the maximum legal limit
- No monthly maintenance fees
- Quick and secure transfers to linked external bank accounts
As with all high-yield savings accounts, it’s important to carefully review the terms and conditions, fee structures, and any potential restrictions or limitations when considering opening a new account. By doing so, you can make an informed decision and choose the best account to meet your individual savings goals.
Account 13
Account 13 on our list of Best High-Yield Savings Accounts in March 2023 is offered by a reputable online bank. Known for its competitive interest rates and user-friendly platform, this high-yield savings account is an excellent choice for those looking to make the most out of their savings.
The account offers an APY that is significantly higher than the FDIC’s national average of 0.37%, allowing savers to grow their money at a faster pace. As an added benefit, this high-yield account has no monthly maintenance fees and enables account holders to access their funds through multiple channels including online and mobile banking.
Some key features of Account 13 include:
- Competitive APY
- No monthly maintenance fees
- Easy access to funds via online and mobile banking
- FDIC-insured for up to $250,000 per account holder
To open Account 13, applicants must meet certain eligibility requirements and provide required documents. Keep in mind that interest rates are subject to change, and it’s essential to review current rates and terms before opening any new high-yield savings account.
Conclusion
In summary, selecting the right high-yield savings account for your needs is an important step in maximizing earnings on your savings. With options like American Express® Savings offering 24/7 account support, and UFB Bank boasting an impressive 5.02% APY, there are several strong contenders in the market.
Remember to take into account not only the interest rate but also other factors such as account fees, accessibility, and customer support. By doing thorough research and comparing the options available, you can confidently choose a high-yield savings account that best suits your financial goals.
As the market evolves, keep an eye out for any changes in rates and product offerings. Staying informed about the best high-yield savings accounts will help you make informed decisions and optimize your savings strategy. Good luck in your search, and happy saving!