There’s no secret that nowadays savings account rates have reached a historical low, but, fortunately, there are quite a few signs pointing to an actual turnaround, so there are some reasons to consider them once again!
There are a lot of online-only savings accounts offering way bigger interest rates, on the other side, some of them even increasing their rates lately. Still, since the offer is pretty big, is pretty hard to decide upon the best variant, so, after a bit of research, we managed to put together a list with some of the best savings accounts of the moment!
Barclays
At this very moment, the rate on Barclays Online Savings Account is 1.15%, after being stuck at 1.00% for a long period, and they don’t require a minimum balance to open, nor a monthly minimum deposit.
Specifically, the best option is the Dream Account, with the same 1.15% rate, allowing you to deposit up to $1,000 per month. Also, if you deposit for six months in a row, you can get a 2.5% bonus on earned interested. Finally, if you don’t withdraw for six months, you’ll receive another 2.5% bonus!
PurePoint Financial
You can get even bigger rates for a savings account at PurePoint Financial, a division of MUFG Union Bank, N.A. To be more specific, we’re talking about 1.25% APY right now, which is incredibly good.
However, as good as this sounds, it does require a deposit of $10,000 in order to open an account, which is enough money. The good part is that they don’t have any monthly fees!
GS Bank
Even though they’re a relatively new player in online banking, being present in the game since last April, Goldman Sachs’ GM Bank increased its online savings account rates to a pretty good 1.20%.
There’s no minimum deposit required in order to enjoy their benefits, while the transaction fees aren’t existent either, so it’s definitely a great option to consider when it comes to the best savings accounts.
