Savings Accounts That Actually Have Good Interest Rates

Comenity Direct High Yield Savings Account

The next option for a high-interest rate savings account is the Comenity Direct High Yield Savings account, which has an APY of 1.35%. Comenity Direct requires an initial deposit of at least $100 to open a High Yield Savings account. The funds in this savings account are compounded and accrued each day, which makes for higher returns than traditional savings accounts. The interest on your funds in this savings account is credited to your account and posted once a month.

Incoming wire transfers to this savings account are free of charge, and this account doesn't charge a monthly maintenance fee. If you choose to have paper statements over online statements, it will cost $5 a month with this savings account. There is a maximum deposit limit on the balance of this account of $10 million for each account holder. You can send an outgoing wire transfer from this account for $25.