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Which Banks Offer The Highest Return Savings Accounts?

If you’re looking for the highest return savings accounts, Synchrony Bank is frequently recognized for offering deposit products with high interest savings rates that surpass the national average+. From high yield savings accounts to money markets and IRAs, there are several deposit options that fit nearly every customer.

Keep reading to learn more about obtaining a great interest rate. 

Selecting A Savings Account With The Highest Return

select savings account with highest return

You will generally earn higher returns for your savings when you deposit funds with an online bank compared to a traditional brick-and-mortar bank. Online banks do not have to account for significant infrastructure and overhead costs, which allows them to offer higher returns than traditional bank branches.

You may also see a better yield in other deposit products like money market accounts, IRAs and certificates of deposits with online banks. 

How To Calculate Your Return

Starting a savings account now can lead to an impactful yield down the road — especially when you note that compound interest will work in your favor over time. But after selecting an account with the highest return, you may wonder when you’ll start to see its yield on your funds. 

Synchrony Bank provides an online calculator that allows customers to determine exactly how much interest they can accrue over a period up to 60 months.

learn how to calculate your return

Synchrony Bank Offers Service, Security And Great Rates

Beyond boasting some of the highest yields in the industry+, Synchrony Bank features award-winning rates customer service and other great perks. Not only that, but our customers find that our savings accounts offer peace of mind. Synchrony Bank accounts are insured by FDIC up to $250,000 per depositor, per insured bank, for each ownership category.

Synchrony Bank’s platform gives you the flexibility to bank when you want, where you want. 

Call 1-844-345-5789 or visit Synchrony Bank online to learn how our deposit products compare with the highest return savings accounts in the industry.

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Sources:

Investopedia: http://www.investopedia.com/terms/s/savingsaccount.asp

Business Case Analysis: https://www.business-case-analysis.com/interest.html

+National Average APYs are based on specific product types of top 50 U.S. banks (ranked by total deposits) provided by Informa Research Services, Inc. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000. Although the information provided by Informa Research Services, Inc. has been obtained from the various institutions, accuracy cannot be guaranteed.


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