Top 10 savings accounts to choose from
There are a few things a person must see before opening a savings account. The main feature being the interest rates (APY) followed by the fees the bank charges. It is also important to differentiate between a savings account and checking account depending upon your requirements. Minimum balance requirements of the bank must satisfy the income or savings you generate. Below are ten banks which offer the best savings accounts.
- PurePoint Financial – 1.40% APY with minimum balance requirement of $10,000
- Synchrony – 1.50% APY with FDIC-insured accounts have no minimum monthly balance requirements or service fee. Standard rates regardless of your bank balance.
The APY rates may change at any time due to the market conditions. As you know that the above rates may fluctuate and to be aware of the changing rates, it is advisable to conduct extensive research on the best savings accounts of 2017 and 2018 to make an informed decision.
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