There are no ongoing minimum balance requirements either. And, all it takes to start earning is a $25 minimum deposit into the account. The credit union's Preferred Savings Account currently has an APY of 5.33% - more than 11 times the national average. Get started and explore the top savings rates available here.īluPeak Credit Union, a San Diego, California-based credit union, offers one of the highest savings APYs available right now. And if you start putting money away today in one of these top high-yield savings accounts, you'll earn big interest on your money - which could help you avoid having to borrow when rates are high. But the good news is that those recent rate hikes have had some positive repercussions for savers in the form of high APYs. So if you're planning to rely on borrowing if the unexpected happens, you may want to think twice. The Federal Reserve has hiked rates 11 times over the last 18 months, so any loan product you use is going to come with costly interest charges - even if you have good credit. Without enough money put away for emergencies, unexpected bills or even large purchases, you could end up in big financial trouble if the worst case scenario occurs.Īnd while credit cards and loans can be used to help cover these types of expenses, the current interest rate environment makes it a lot more expensive to borrow money. When it comes to your overall financial health, your savings plays a significant role. Watch your savings balance climb higher with one of the top savings accounts available now.
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