Top Stories

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

1. BMO Alto Online Savings

  • Interest Rate: 5.1%
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

2. Citizens Access Savings

  • Interest Rate: 4.5%
  • Minimum Balance: $0.1
  • Monthly Fee: $0
  • Learn More

3. SoFi Checking and Savings

  • Interest Rate: 6% (Promo Rate)
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

4. Barclays Online Savings Account

  • Interest Rate: 4.35%
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

5. Citi Accelerate Savings

  • Interest Rate: 4.35%
  • Minimum Balance: $0
  • Monthly Fee: $4.50
  • Learn More
Source: Shutterstock

???? 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
  • Learn More

2. Motive Savvy Savings Account

  • Interest Rate: 4.1%
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

3. CI Direct Investing HISA

  • Interest Rate: 4%
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

4. EQ Bank’s Savings Plus Account

  • Interest Rate: 3%
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

5. Manulife Bank Advantage Account

  • Interest Rate: 2.85%
  • Minimum Balance: $0
  • Monthly Fee: $0
  • Learn More

Read More:

???? 3 AI ETFs to Beat the Market in 2023 (VIDEO)

???? The Biggest AI IPO of 2023 is Finally Here (VIDEO)

???? 5 Ultra High-Yield ETFs You’ve Probably Never Heard Of, With Yields as High as 32.35%

Did you enjoy this article? If so, consider signing up for the Wealthy VC Email Newsletter below to receive our free weekly newsletter featuring the week’s best articles.

[mailmunch-form id=”1100453″]

Follow Wealthy VC on Socials: ThreadsFacebook | Instagram | Twitter | LinkedIn | GETTR | Tumblr 

????Join the Discussion in the Wealthy VC Investor Group

????Have a Stock Tip or New  Story Suggestion? Email us at Invest@WealthyVC.com

Disclaimer: Wealthy VC does not hold a long or short position in any of the stocks or ETFs mentioned in this article.

Ryan Troup

Ryan Troup is the Editor in Chief of Wealthy VC. Ryan has 15+ years of investing experience. X | Email

Related Articles

Back to top button