Online Savings Account Interest Rate

One might pay 2 p a.

Online savings account interest rate. Rabobank online savings high interest savings account. Barclays has low fees and solid interest rates. High yield savings accounts provide consumers with interest rates that are way above those offered by conventional banks. A promotional rate is an interest rate which is only offered during a specified promotional period.

What is a promotional rate. The highest interest rates are significantly better than the. Rabobank online savings high interest savings account. You can open it online with 1 000.

One year fixed savings what we d go for at the moment the top standard one year fix is from secure trust bank at 1 25. This is an introductory bonus rate applied to your balance for the first four months to give your savings a kick start. The national average interest rate for savings accounts is currently 0 09 percent. The best savings interest rates can mean the difference between your savings account earning 100 or only a few dollars in a year.

While it s good to know the national average you can easily earn more than this national average. An online savings account osa is a savings account that is primarily managed on the internet. On amounts under 50 000. Pensioner savings accounts often have a tiered interest rate structure paying different interest rates depending on the balance of the account e g.

On amounts over 50 000 and 0 5 p a. Online savings account interest rate conditions. If you have a high yield. As of august 18 2020 the best high yield savings accounts pay 0 75 to 1 21 apy.

Higher interest rates for higher balances. There are no monthly fees or minimum balance requirements. The next best is from charter savings bank at 1 22. If you re earning considerably less than this then you may want to consider switching.

The online savings account pays 0 60 apy and has a tool for setting savings goals. For 4 months with this online savings account.