![]() If a financial institution is federally insured, money in your bank account is safe even if the company shuts down. ![]() Make sure that the financial institution is federally insured. What should you do if you find a financial institution that pays high interest rates, but you've never of the company before? Synchrony CD Rates What to keep in mind when searching for a high-interest account There's no minimum deposit requirement to open a CD with Synchrony. Its 14-month CD term notably pays 5.15% APY, and its 18-month term pays 5.00% APY. Synchrony is an online bank with a high-yield savings account, money market account, and CDs. You'll need a minimum of $1,000 to open an account.Ĭrescent Bank CD Rates 4. Crescent Bank CD - 5.15% APYĬrescent Bank has a 1-year CD paying 5.15% APY, and 18-month and 2-year terms paying 5.10% APY. You'll need a minimum of $500 to open a CD.ĬFG Bank Review 3. The bank's 1-year and 18-month terms pay 5.20% APY. You can open CFG Bank CDs online from anywhere in the US. You'll only be charged an early withdrawal penalty if you take out money before the end of a term - in this case, before the 1-year mark.īrioDirect Review 2. BrioDirect CDs require a minimum of $500.ĬDs do not have monthly service fees like other types of bank accounts. BrioDirect, an online division of Webster Bank, pays 5.25% APY on a 1-year CD. If you don't need access to your savings for at least a year, a CD might be worth exploring. 4 bank accounts paying 5.00% APY or more 1. ![]() If you prefer banking with a more well-known brand or want to look at other interest-earning accounts, consider going through our best high-yield savings accounts or best CD rates guides. All of the bank accounts on our list are federally insured by the FDIC, so up to $250,000 is secure per depositor in an account. Here are four bank accounts you can open to earn 5.00% or more on your savings. Many online banks have interest-earning accounts with zero monthly services and competitive interest rates. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our
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