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Achieving your goals is a top priority for many of us, and having a solid plan in place is key to making progress. Northwest High Yield Savings accounts can be a great tool to help you get there.
With a Northwest High Yield Savings account, you can earn a competitive interest rate, currently up to 2.50% APY. This means your savings can grow faster over time, helping you reach your goals sooner.
By opening a Northwest High Yield Savings account, you can take advantage of the convenience of online banking, mobile deposit, and 24/7 access to your accounts. This allows you to manage your finances from anywhere, at any time.
Making small, regular deposits into a Northwest High Yield Savings account can add up over time, helping you build a safety net or work towards a specific goal, like a down payment on a house.
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Why Save with Northwest Bank?
With Northwest Bank, you can benefit from competitive high yield savings account rates that help accelerate your savings growth.
Their high yield savings account is perfect for saving for a home down payment, planning a memorable vacation, or building an emergency fund.
Your savings accounts are backed by Northwest Bank and insured by the FDIC for up to $250,000, giving you peace of mind and financial security.
You can view your account activity and make deposits with Northwest digital banking tools, making it easy to stay on top of your finances.
Online and Mobile Banking allows you to access your account from your computer, mobile device, or tablet virtually anywhere, giving you flexibility and convenience.
Connecting an external account is a breeze, and setting up automatic transfers can help keep your savings growing over time.
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Savings Options
With a high yield savings account from Northwest Bank, you can benefit from competitive high yield savings account rates that help accelerate your savings growth.
You can view your account activity and make deposits with Northwest digital banking tools, giving you complete control over your savings.
Your savings accounts are backed by Northwest Bank and insured by the FDIC for up to $250,000, providing peace of mind and financial security.
You can access your account from your computer, mobile device, or tablet via Northwest's website or mobile app, making it easy to manage your savings on the go.
Northwest Bank's online and mobile banking features also allow you to connect an external account to move money easily, and set-up automatic transfers to keep your savings growing.
Savings Rates
Savings Rates offer a range of options to suit different needs and goals.
A Savings Account from Northwest Bank requires just $1 to open and earns 0.05% APY.
The Rewards Savings account has no minimum opening balance, but to earn its top rate, you need to meet certain qualifications with your Dividend Rewards or Debit Rewards checking account.
A Youth Club Account is a great option for kids, requiring just $1 to open and earning 2.27% APY on balances up to $1,500.
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For larger balances, the Money Market account offers tiered rates, earning 0.64% APY on balances between $2,500 and $24,999.99, and up to 1.46% APY on balances over $1,000,000.
The Savings IRA, Traditional, Roth, and Education, has no minimum opening balance and earns 0.20% APY, making it a solid choice for retirement savings.
Here's a summary of the Savings Rates:
Acu Share Certificates
ACU Share Certificates offer a higher return on investment compared to regular savings accounts, earning 10 to 30 times the interest.
To open an account, you'll need a minimum deposit of just $500, which is a relatively low barrier to entry.
You can choose from a range of term options, from three months to five years, to suit your financial goals.
ACU Share Certificates come in different types, including Flex, Standard, IRA, and Jumbo options.
Here are the key features of ACU Share Certificates at a glance:
- Earn higher interest rates than other savings accounts, including Money Market investments.
- Choose a term of three months to five years.
- Select from our Flex, Standard, IRA, or Jumbo options.
Keep in mind that fees and penalties may be imposed for early withdrawal, which could reduce your earnings.
Account Features
Our high-yield savings account offers a high-yield savings account with competitive, tiered interest rates. This means that higher balances are rewarded with higher interest rates, so you can earn more on your money.
You'll also appreciate that there's no service fee with a $2,500 minimum balance. This can help you save even more money over time.
We've made it easy to manage your account with access to online bill pay and Zelle. This means you can pay your bills and send money to friends and family with ease.
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Reaching Financial Goals
Reaching financial goals requires careful planning and the right tools. To get started, you'll need to open a high-yield savings account with Northwest Bank, which requires a minimum opening deposit of $25.
Annual Percentage Yield (APY) is a key factor to consider when choosing a savings account, and as of December 20, 2024, Northwest Bank's APY is accurate and subject to change after account opening.
FDIC insurance is a crucial protection for your deposits, covering up to $250,000 per depositor for each ownership category. You'll find complete details on this at the bank.
Northwest Bank is a reputable institution, being a Member FDIC, and offering other rates and terms for those who may need them.
Frequently Asked Questions
Where can I get 5% interest on my savings?
You can earn 5% interest on your savings at banks like Poppy Bank, Ivy Bank, and Varo Bank, among others, with their high-yield savings accounts. Check out these options for a higher return on your savings.
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