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13 Hight Interent Savings Account That Don’t Require A huge Minimum Balance

13 Hight Interent Savings Account That Don’t Require A huge Minimum Balance.


The interest rate which have been at the block bottom is good majorly for people who a actually borrowing but no as much good for people who are saving because the percentage increase in savings right now is merely around 0.10%
Despite this, this some of the banks around still gives more than the average savings account interests rate of above 2.00% infact in some instances. And the good part is, some online banking doesn’t even require u to have as much deposits before you can assess this rates .

ONLINE BANKS: WHERE THE MONEY IS.
In any form of savings accounts, you should not expect any form of high savings rate but nevertheless, the online banks still have a more higher rates, as they don’t require much number of staffs to do any form of work and with that they are able to channel the profits more to the customers in form of low fee and higher rate
Most of these online Banks are usually very fair bones as related to the products and services the render
The best way to multiply money more with good reasonable rate is putting it in an online savings account and most of them allows you to make as much as upto six withdrawals within a mount without incurring any form of penalty, so assessing your money at the right time when in need of it is basically possible.

BEST HIGH YIELD SAVINGS ACCOUNTS RATE TODAY
An online banking seems to be one of the most ideal place to put your savings, but despite that there are still about13 banks that is going to be discussed below that have high rates of even more than 2.00 percent annual oercentage yield APY as compared to online banks and also require low deposit of 100 dollars or less. But it is good that before any individual opens an account you ask what the percentage rate is.

VIO BANK

  1. It have a saving rate of about 2.52% annual percentage yield.
  2. It have a minimum deposit of $100 (a hundred dollars).
  3. No specific minimum balance

Vio Bank which is an online division of a MidFirst bank that gives the highest percentage of savings account rate from the lists. It is a US bank that is insured by Federal Deposit Insurance Corporation FDIC, which insured deposits upto $250,000 and the minimum deposits for this high yeild savings account from Vio is $100, which is not something too much for someone who want to seriously start saving.

SALEM 5 DIRECT

  1. It have a saving rate of about 2.51% annual percentage yield.
  2. It have a minimum deposit of $100 (a hundred dollars).
  3. No specific minimum balance

There is an impressive 2.51% APY on balances of upto $1,000,000, an offer from the eOne Salem Five Direct. And the balances must not exceed the $1,000,000, it also have $100 as the minimum deposit to start with.

COMENITY DIRECT BANK

  1. It have a saving rate of about 2.48% annual percentage yield.
  2. It have a minimum deposit of $100 (a hundred dollars).
  3. No specific mimimum balance.

This bank was lunched earlier in this year and in this account, there is no use of ATM or debit card but nothwithstanding there is a mobileApp that can be use to withdraw or make deposits, check account balances and also to get intouch with the customer care

MySavingsDirect

  1. It have a saving rate of about 2.40% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no specific minimum balance allocated

This is an online banking division of the oldest savings bank in New York, The Emigrant Bank.
The savings account here does not offer any form of access to mobile app or ATM card, therefore it requires that a particular account is link in other to make deposits, withdrawal and transfers.

CITIBANK

  1. It have a saving account rate of about 2.36% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance.

This is a kind of high interstate savings account rate that a credit card is available, it have a monthly fee of about $4.50, this fee can really cut deep into the interest rate though, so in other to get around this monthly charge, you have to maintain an average of $500 monthly balance.

HSBC DIRECT

  1. It have a saving account rate of about 2.30% annual percentage yield.
  2. It have a minimum deposit of 1$ (one dollar)
  3. no minimum balance

Withdrawal and deposit can be make in any physical retail location or better still you can also transfer of funds to other accounts in HSBC. And it should be noted again that, the bank cannot be close in atleast in the first 180days of opening except u are ready to pay a fee of $25 as a fine.

MARCUS BY GOLDMAN SACH

  1. It have a saving account rate of about 2.25% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance

This bank doesn’t have any form of branch, Marcus is the consumer banking and lending part of Investment bank Goldman Sach, so, it is like a two in one bank. In addition to not having any branch, they also doesn’t use ATM or mobile app, so in other to make use of this account, another account is always required to be link up with it to be able to do transferes and other form of transactions.

SYNCHRONY BANK

  1. It have a saving account rate of about 2.25% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance

It is also known for it high rate that require no minimum balance and any form of fee. It is an online bank that offers a variety of saving options to customers.

FNBO DIRECT

  1. It have a saving account rate of about 2.25% annual percentage yield.
  2. It have a minimum deposit of 1$ (one dollar)
  3. no minimum balance

It is an online division of Omaha First National Bank with high rate of 2.25% percentage annual yield on it savings. It uses a peer to peer payment app known as popmoney to do transactions.

ALLY BANK

  1. It have a saving account rate of about 2.20% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance

Opening this savings account makes you have an extra checking account. This bank operates exclusively online and it offers few financial services to include, deposit account, investing and loans. The deposits could be mabe through, online transfer, remote check deposit through the app, mail and wire transfer.

BARCLAYS BANK

  1. It have a saving account rate of about 2.20% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance

The banking service offers here are seeming somewhat limited, the interest rate is comopetative with no fees or minimums. It also doesn’t have any branches, no use of ATM and there is no account checking options.
It have a mobile app which helps to do all form of banking transactions.

AMERICAN EXPRESS NATIONAL BANK.

  1. It have a saving account rate of about 2.10% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance

It is possible to link up three (3) online banking accounts to the platform as this will help to mame transfer of funds 24hours all through. There is a mobile app but it is accessible to only those customers with credit card.

DISCOVER BANK

  1. It have a saving account rate of about 2.10% annual percentage yield.
  2. It have a minimum deposit of 0$ (zero dollar)
  3. no minimum balance

This is also an online Savings account that offers a high rate banking services with no minimum balance or any form of maintenance fee. Discover bank permits account transfers, mobile check deposit and an easy to use app.

Originally Published With Image by:- HuffPost.com

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