Subscribe

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.

We appreciate hearing feedback on these advertisers, both good and bad. Thank you for supporting those who support this site.

High-Interest Savings Account for Physicians

Panacea Financial Savings Account

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.
Visit Panacea Financial Savings Account

Betterment Everyday

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.
Visit Betterment Everyday

CIT Bank

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
Visit CIT Bank

Subscribe to Physician on FIRE

If you do not see a subscription box above, please navigate here to subscribe.

Join Thousands of Doctors on the Path to FIRE

Get exclusive tips on how to reclaim control of your time and finances.