Opinions expressed here are our own, not those of any bank, credit card issuer, airlines or hotel chain. Terms apply to offers listed.
The Openbank High-Yield Savings Account is offering a pretty generous 4.20% APY right now, which makes it a solid pick if you’re looking to grow your savings with minimal effort. It’s a no-frills account, meaning there are no monthly fees or surprise charges to worry about — just a straightforward way to earn more interest than you’d typically get from a traditional bank.
You’ll need a minimum of $500 to open the account, which is a bit higher than some others, but manageable if you’re setting aside a chunk of savings anyway. Funds are FDIC insured through Santander Bank, N.A., which means your deposits are protected just like they would be at any other major U.S. bank. There’s no checking or debit feature here (this one’s strictly for saving) but if that’s what you’re after, it does the job well. The signup process is done online or through their app, and you’ll need to verify your identity with a U.S. phone number and address.
Overall, it’s a clean and efficient option for people who want to park some savings and earn solid interest without jumping through too many hoops.
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I don’t include all US credit card offers available on this site. Instead, I write primarily about cards which earn airline miles, hotel points, and some cash back (or have points that can be converted into the same).
Editorial Note: The opinions, analyses, and evaluations here are mine and not provided by any bank including (but not limited to) American Express, Chase, Citibank, US Bank, Barclays or any other company. They have not reviewed, approved or endorsed what I have to say.
Comments made in response to posts are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered.
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