Savings Accounts That Actually Have Good Interest Rates

Varo High Yield Savings Account

The Varo High Yield Savings account is the best choice for those who are really trying to maximize their interest earnings. This account provides returns with an APY of 1.41%. This rate doesn't require a minimum balance, and there's no minimum deposit needed to open this account with Varo. The Varo High Yield Savings account doesn't have monthly maintenance or service fees. When specific requirements are met, this savings account can provide returns of a 2.80% APY instead of 1.41% APY.

To benefit from this exceptional APY, you must make a minimum of 5 Varo Visa card purchases every month. You must also have direct deposits into the account of at least $1000 each month. Finally, you must keep your daily account balance under $10,000. There's no minimum account balance to benefit from the higher APY rate as long as you meet the other requirements. It makes this account one of the best for interest rates!