Top High-Yield Savings Accounts to Take Advantage of Lofty Interest Rates in 2023
Last Updated: 13.11.2023 23:44
With Interest Rates Currently Sitting at a 22-Year High, Here’s Our List of the Top High-Yield Savings Accounts to Help Investors Fight Back in 2023
Thanks to the U.S. Federal Reserve and the Bank of Canada’s year-and-a-half-long crusade against inflation, interest rates in the United States and Canada have soared a 22-year.
With high inflation and lofty interest rates taking their toll on the savings of millions of people throughout North America, high-yield savings accounts could be a perfect way for investors to fight back and benefit financially from historically high rates.
With that said, here’s our list of the top U.S. and Canadian high-yield savings accounts.
U.S.High-Yield Savings Accounts
- Interest Rate: 5.1%
- Minimum Balance: $0
- Monthly Fee: $0
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- Interest Rate: 4.5%
- Minimum Balance: $0.1
- Monthly Fee: $0
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- Interest Rate: 6% (Promo Rate)
- Minimum Balance: $0
- Monthly Fee: $0
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4. Barclays Online Savings Account
- Interest Rate: 4.35%
- Minimum Balance: $0
- Monthly Fee: $0
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- Interest Rate: 4.35%
- Minimum Balance: $0
- Monthly Fee: $4.50
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Also Read: AI Chip Designer Dubbed “Mini Arm” Poised For Wall Street IPO
Canadian High-Yield Savings Accounts
1. KOHO Spending and Savings Account
- Interest Rate: 4.5%
- Minimum Balance: $0
- Monthly Fee: $0
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2. Motive Savvy Savings Account
- Interest Rate: 4.1%
- Minimum Balance: $0
- Monthly Fee: $0
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- Interest Rate: 4%
- Minimum Balance: $0
- Monthly Fee: $0
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4. EQ Bank’s Savings Plus Account
- Interest Rate: 3%
- Minimum Balance: $0
- Monthly Fee: $0
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5. Manulife Bank Advantage Account
- Interest Rate: 2.85%
- Minimum Balance: $0
- Monthly Fee: $0
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