Top Savings Accounts for August 2024 In US: The best savings accounts offer competitive yearly percentage yields or APYs, you will be able to get higher saving interest if your bank provides at least 4.5% APY.
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However, having a high interest rate does not always signify the best savings account. There is something that you need to check beyond the high APY rates to find the best savings accounts for you.
Saving accounts that provide many digital services to help you meet your savings goal also play a crucial part in determining the best savings accounts.
Top Savings Accounts for August 2024 In US
Let’s check out the top 5 best savings accounts where you should your money:
Ally Bank Savings Account
Currently, the Ally Bank Savings Account is considered to be one of the best savings accounts for August 2024.
The savings accounts provide a highly competitive APY rate of 4.25% on all balances. There are no monthly fees and no sum required to create a savings account in this bank.
Ally Bank Savings Account also comes with several digital tools that will help you to save your money such as saving buckets that allow you to set up your goals as sub-accounts and automatic saving tools.
Over 43,000 ATMs of Ally banks are free with no charges and Ally will refund you up to $10 in ATM fees every month. This makes it easier to access your money.
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Ever Bank Savings Account: Savings Accounts for August 2024
Ever Bank Savings Account offers a high-yield savings account of 5.15% APY on all amounts. It also comes with several tools and a mobile app through which you can access your accounts anywhere in the US.
Ever Bank has over 100,000 free ATMs that charge no fee and you can easily access your money. However, if you use ATMs of any other banks, then you get up to $15 refund in ATM fees every month.
Capital One Bank Savings Account
If you open a Capital One 360 Performance Savings account, it has no monthly fees or minimum amount requirements. It provides an APY of 4.35% on all balances but it doesn’t offer ATM cards or checks, so you’ll have to go to the bank branch in your area to withdraw your cash or transfer money.
This gives a perfect opportunity for you to save money when used along with a bank account. It also offers many digital tools such as with Capital One Bank app you can pay checks by taking a picture of them.
Holders can also send money to another bank through ACH transfer for free but it will take three days for the receiver to get the money, A $30 fee is charged for sending wire transfers and $10 for the purchased cashier’s checks at a particular location.
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TAB Bank Savings Account: Savings Accounts for August 2024
This is an online based bank, it doesn’t have any physical branches. Its competitive high-yield APY on all balances was recently increased and stood at 5.27%.
There are no monthly charges or minimum deposit requirements and only require 1 cent in your savings account to start making interest.
CNET reported that apart from federal holidays, TAB’s customer care hours are Monday through Friday from 6 a.m. to 7 p.m. MT and Saturday from 9 a.m. to 3 p.m. MT.
Bask Bank Saving Account
In Bask Bank, there are two kinds of savings accounts, the Mileage Savings Account provides American Airlines miles back for every dollar saved each year.
The Interest Savings Account offers a competitive high-yield savings account of 5.10% APY which is currently close to the top rates offered by banks on savings accounts.
In Bask Bank you won’t be able to create a joint account ownership.
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