As we head towards the end of 2021, it’s time to start thinking about your savings goals and where you might want to deposit your funds to earn interest. Choosing the right savings account is essential for maximizing your earnings and reaching your financial targets. To help you decide, we’ve compiled a list of the top savings accounts of 2021.
1. Ally Bank Online Savings Account
Ally Bank’s Online Savings Account remains one of the most popular savings accounts on the market. With no monthly maintenance fees, no minimum balance requirements, and a competitive APY, the account is an excellent choice for those looking to save without worrying about hidden fees.
2. Capital One 360 Performance Savings
The Capital One 360 Performance Savings account has a higher APY than many of its competitors, making it a great choice for those looking to make the most of their savings. The account also has no fees, no minimum balance requirements, and easy mobile access, making it a convenient option for busy savers.
3. Discover Online Savings Account
The Discover Online Savings Account offers a high APY, no monthly fees, and no minimum balance requirements. Additionally, the account comes with a unique feature called the “Auto-Savers Plan,” which automatically transfers money from your checking account to your savings account each month to help you reach your savings goals faster.
4. Marcus by Goldman Sachs Online Savings Account
The Marcus by Goldman Sachs Online Savings Account is another popular choice for savers. With a competitive APY, no maintenance fees, and mobile access, the account is an excellent option for those wanting to save without the worry of additional costs.
5. American Express High Yield Savings Account
The American Express High Yield Savings Account has a higher-than-average APY, no monthly fees, and no minimum balance requirements. Additionally, the account provides customers with access to an excellent mobile app, making it easy to manage and monitor your savings from anywhere.
When choosing a savings account, it’s essential to consider your savings goals, account features, and fees. Consider opening multiple accounts or utilizing multiple banks to diversify your savings plan and maximize your earnings. Remember, the right account for you will depend on your needs and preferences, so do your research and carefully compare your options before making a decision.