Earn High Interest on Your Saving Account Today

If you're looking to earn high interest on your savings account, now is a great time to start. With interest rates at an all-time high, you can earn up to 2.5% APY with a high-yield savings account.

To put that into perspective, a $1,000 deposit can earn you $25 in interest per year. That's a nice cushion to have in case of emergencies or unexpected expenses.

By opening a high-yield savings account, you can earn a higher interest rate than a traditional savings account, which typically offers around 0.01% APY.

The OnPoint Savers Account offers a 5.00% APY for balances up to $500, with a minimum balance requirement of just $5.

You can earn interest with as little as $5, making it a great option for those just starting to save.

The Advance Savings account requires a minimum balance of $15,000 to $75,000 or more to earn the highest APY.

For balances between $0 and $14,999.99, the APY is not specified.

The OnPoint Premium Savings account requires six qualifying transactions in an OnPoint checking account to qualify, but offers a 4.25% APY for balances up to $100,000.

Here's a summary of the APY requirements for each account:

HSBC offers a competitive interest rate of up to 2.10% APY on its deposit accounts.

You can open an HSBC deposit account online or in-person at one of their many locations.

HSBC's deposit accounts have no monthly maintenance fees.

If you're looking for a high-yield savings account that's perfect for kids, the OnPoint Savers Account is a great option. It has a 5.00% APY for balances up to $500, which is a pretty sweet deal.

To open an OnPoint Savers Account, you'll need to establish it for a member under the age of 18 with a minimum $25 deposit. A parent or guardian must be on the membership and present to open the account.

The account requires a minimum balance of $5, and you can earn interest on your deposit amount. There's a $55 bonus available for new members, but it can't be combined with other offers.

Here's a breakdown of the interest rates and APYs for the OnPoint Savers Account:

It's worth noting that the APY is calculated by combining the 5.00% APY earnings on the first $500 with the standard APY on the remaining balance above $500.

Opening a high-yield savings account can be a smart move, especially if you think rates might fall again. Funds in a high-yield savings account are always accessible, which is a big plus if you need them soon.

You can lock in today's rate for the long term with a CD, but be prepared to pay an early withdrawal penalty if you need the funds before it matures.

If you anticipate needing the funds in the near future, a high-yield savings account is a better choice, allowing you to access your money whenever you need it.

Your deposits are insured by the FDIC up to the maximum limits allowed by law. This means you can rest assured that your savings are protected.

The maximum amount of FDIC insurance per single deposit account holder is $250,000. Joint accounts, however, are insured up to $500,000.

You can visit the FDIC website, www.fdic.gov, to get the latest information on deposit insurance limits. You can also use the FDIC's deposit insurance calculator at https://edie.fdic.gov/calculator.html to determine your coverage.

You can access your funds in a high-yield savings account at any time, making it a great option if you anticipate needing the money soon.

The OnPoint Savers Account offers a 5.00% APY for balances up to $500, which is a great rate for short-term savings.

To open an OnPoint Savers Account, you'll need to make a minimum deposit of $5, and a parent or guardian must be on the membership and present to open the account.

The account is designed for children ages 17 and under, but it's also a great option for anyone looking to earn a high-yield interest rate on their savings.

One important thing to note is that the OnPoint Savers Account can only be opened once per member/TIN.

Here's a comparison of the interest rates offered by OnPoint's high-yield savings accounts:

The OnPoint Premium Savings account requires six qualifying transactions in an OnPoint checking account to qualify, but it offers a higher interest rate on balances up to $100,000.

The OnPoint Rewards program offers better interest rates for new and existing OnPoint youth members, and a $55 bonus when you open a new membership for a child or teen.

Western Alliance Bank offers rates that are more than 9x the national average APY, allowing your money to grow significantly faster.

This means you can earn a substantial return on your savings without having to jump through hoops or lock your money away for an extended period.

With such high interest rates, it's no wonder Western Alliance Bank is a popular choice for those looking to grow their savings quickly and efficiently.

New Money CDs offer competitive interest rates, with some rates reaching up to 4.5% APY. For example, the CIT Bank High Yield Savings CD has a 4.5% APY rate for a 6-month term.

These CDs are designed to help you save money by locking in a fixed interest rate for a set period of time. The Discover Online Savings Account CD has a 4.2% APY rate for a 12-month term.

Some online banks offer CDs with no minimum balance requirement, making them a great option for those who want to start saving without having to worry about keeping a certain amount of money in the account. The Ally Bank CD has no minimum balance requirement.

CDs can be a great way to earn interest on your money while still having access to your funds if needed. The American Express National Bank CD allows you to withdraw your money after a 7-day penalty period.

Western Alliance Bank offers a high APY, more than 9x the national average, making your money grow faster. This rate is significantly higher than the national average.

If you're looking for a savings account with a low minimum opening deposit, OnPoint's Regular Savings account is a good option, requiring only $5 to open. You can access your money anytime through an OnPoint ATM card or transfers between accounts in Digital Banking.

OnPoint's FlexSmart money market account offers a higher rate of interest, making it suitable for emergency savings, short-term goals, or planning for future bill payments. The APY starts at 0.15% and goes up.

For children ages 17 and under, OnPoint's Youth Savings account is a great option, offering a high APY of 5.00% on balances between $5 and $500. This account also comes with perks like better interest rates and a $55 deposit when you open a new membership for a child or teen.

If you have high balances, OnPoint's High Balances savings account offers a high APY of 4.25% for amounts up to $100,000. This account requires no minimum opening deposit and offers easy accessibility through an OnPoint ATM card or transfers between accounts in Digital Banking.

Here's a comparison of the APYs offered by OnPoint's savings accounts:

To get started with a High-Yield Savings Premier account, you can open it online in just minutes, making it a safe and easy process.

You'll need to make a minimum deposit of $500 to open the account and maintain a minimum balance of $0.01 to earn the advertised APY.

The annual percentage yield (APY) is accurate as of January 2, 2025, but it's subject to change at the bank's discretion, so be sure to check the product's website for the latest APY rate.

To get started with opening a High-Yield Savings Premier account, you'll need to meet some basic requirements.

You must be a U.S. citizen or permanent resident and be at least 18 years old.

To apply, you'll need to have a Social Security Number and a current U.S. residential address, which cannot be a P.O. Box.

You'll also need a valid email address and a mobile number that can receive SMS messages.

In addition, you'll need to have login information for an existing checking or savings account.

To fund your new account, you'll need to deposit at least $500.

Here's a quick rundown of the information you'll need to gather:

Ready to get started with your High-Yield Savings Premier account? You can open it in minutes online, and it's safe and easy.

To open an account, you'll need to be a U.S. citizen or permanent resident and be 18 years or older. You'll also need to have some basic information available, such as your Social Security Number, current U.S. residential address, and valid email address.

You'll need to fund your new account with $500 to get started, and you can do this by linking an existing checking or savings account from another bank. Only one linked account is allowed, and you can't use checks or wires to fund your account.

The annual percentage yield (APY) on your account is accurate as of January 2, 2025, but it's subject to change at the bank's discretion. You can check the latest APY rate on the product's website.

If you're transferring funds to your new account, be aware that ACH transfers from a linked account typically take five business days to become available for withdrawal.

You can get started with a high-interest savings account without a minimum opening deposit, making it accessible to anyone.

The account is available anytime through an OnPoint ATM card or transfers between accounts in Digital Banking.

Direct deposit is a convenient feature that allows you to save even more.

To save more, combine your services with OnPoint to earn the highest interest rate.

The annual percentage yield (APY) for amounts up to $100,000 is a competitive 4.25%.

Here are the account details at a glance: