High-Interest Savings Accounts

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

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



Panacea Financial Savings Accounts

Panacea Financial offers High-Yield Savings Accounts at 4.00% APY (Annual Percentage Yield) — 12x the national average.

Here are some details:

  • $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

Find out more about Panacea Financial Savings Accounts here.

National Average based on FDIC information as of 11/21/2022. APY = Annual Percentage Yield. The advertised APY is effective 11/23/2022 and subject to change thereafter. No minimum balance required to obtain the APY. The minimum to open a Panacea Savings Account is $25. Fees may reduce earnings. Panacea Financial is a division of Primis, Member FDIC.


Betterment EverydayTM Cash Reserve

Betterment EverydayTM Cash Reserve is currently offering a bit under 4% for a simple savings account that is FDIC insured up to $1,000,000.


CIT Bank

CIT Bank offers competitive Checking, Savings, and Money Market Accounts