The post shares the best high yield savings account (August 2024). It also highlights some of the other main features of such accounts.

Highlights

• People always look for the best high yield savings account.
• The list covers the top-10 saving accounts in terms of yield for August 2024.

Best High Yield Savings Account: An Overview

People love to deposit their wealth in savings accounts. They feel it’s a secure way of investment. The benefit of having a savings account is that it is flexible. The general public can easily withdraw their money at any time. APY (Annual Percentage Yield) is considered when an individual chooses a savings account.

Here are the Best High Yield Savings Account (for August 2024) –            

1. Flagstar Bank (Savings Plus Account)

Flagstar Bank offers an APY of 5.55%. One needs to have a minimum balance of 25,000 dollars to get this yield. The savings account of this bank comes with features like a monthly waiver and ATM card.

2. Poppy Bank (High Yield Savings Account)

Poppy Bank provides a 5.50% yield on savings accounts. The minimum balance needed is 1,000 dollars. If you opt for electronic statements then no monthly fee is applicable.

3. My Banking Direct (High-Yield Savings Account)

This bank provides a yield of 5.45%. The opening deposit must be 500 dollars and there isn’t any specific monthly fee.

4. Forbright Bank (Growth Savings Account)

Forbright Bank offers an APY of 5.30%. This rate is for the growth saving account. This bank was rebranded in the year 2022. Earlier it was known as Congressional Bank.

5. Vio Bank (Cornerstone Money Savings Account)

Vio Bank’s interest rate is 5.30%. To open an account with this bank, you must have a minimum of 100 dollars. This bank is the online division of the MidFirst Bank.

6. North American Savings Bank (E-Savings Account) 

The North American Savings Bank gives a 5.30% APY. The opening deposit should be 10,000 dollars. The bank offers multiple financial facilities. It also specializes in customized banking products.

7. BrioDirect Bank (High Yield Savings Account)

BrioDirect Bank’s APY is 5.30%. The opening deposit has got to be at least 5,000 dollars. In case, somebody wants paper statements then the bank charges a sum of 5 dollars. In online statements, there is no monthly fee.

8. Ivy Bank (High Yield Savings Account

This bank offers 5.30 percent APY. You should have 2,500 dollars for opening a savings account in this bank. The minimum balance requirement is also 2,500 dollars.

9. Total Bank (Money Market Account)

Total Bank gives a 5.26% rate of interest. The opening deposit should be 25,000 dollars. The minimum balance needed is 2,500 dollars.

10. Evergreen Bank Group (Best High Yield Online Savings Account)

It offers a rate of 5.25%. The minimum deposit requirement is 100 dollars. The headquarters of this bank is in Oak Brook.

Best High Yield Savings Account Conclusion

You must have got an idea by now about the best high yield savings account in August 2024. Always compare the pros and cons of different saving structures. It will help in making a wise decision on the investment front. For more finance news and stories like and subscribe to Financereview.Org.