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High-Interest Savings Account for Physicians

Do you have money sitting idle in a standard savings account earning one-tenth of a percent? You could earn at least 20x more with a high-yield or high-interest savings account.

A high-interest savings account is a great place to store cash you may need in the near future or in an emergency. The rates change often, but this page will continually provide up-to-date information from some of the top banks.

This page lists POF’s recommended HYA savings accounts we have vetted extensively here at POF.

We have a referral relationship with the companies listed on this page; this site may be compensated if you work with them.

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High-Interest Savings Account for Physicians

Panacea Financial is banking built for doctors by doctors. They offer a High-Yield Savings Account at 3.00% APY, which is 7x the national average.

Here are some of the critical details about their High-Yield Savings Account

  • $0 minimum balance for APY
  • $25 minimum balance to open
  •  No monthly servicing fees
  •  FDIC-Insured
  • Accessible through mobile or online banking
  • Open an account in a few minutes
  •  Custom debit card
  •  ATM Access Nationwide 
  • No overdraft fees
Panacea Financial’s HYS account is available to doctors, trained doctors, and family members. In addition, their simple application allows you to apply and get approved in less than 8 minutes.
Stop wasting time with low-yield savings accounts and visit Panacea Financial today.

Betterment Everyday is a company with the simple goal of helping you optimize your money. They currently offer a high-yield savings account, the Betterment EverydayTM Cash Reserve account, which offers a 4.50% APY –11x the national average.

Betterment EverydayTM Cash Reserve key benefits include:

  • $0 in fees
  • $2 Million FDIC insured
  • Unlimited withdrawals
  • No minimum balance required
Betterment every day offers a great alternative to low-yield savings accounts. They allow you to earn 11x the national average while keeping your money secure, and they don’t require a high starting balance to access its high-yield accounts.
Citi Bank offers the Savings Connect Account, a high-yield savings account that offers 4.6% APY – also 11x the national average.
They are a division of First Citizens Banks, known for their financial strength and prudent lending for over 125 years. In addition, Citi Bank was named #1 by American Banker in delivering the most humanized customer experience.
With Citi Bank, you can rest assured that you are putting your money in a reliable bank and will get exceptional customer service.
Some of the key benefits when opening a Savings Connect Account include:
  • 4.60% APY – 11x the national average
  • No monthly service fees
  • Available with mobile banking
  • FDIC-insured up to $250,000
  • $100 deposit to open account

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