Top 10 Savings Accounts May 2024 Ranked by APY - Highest Interest Rates and Best Yields Available
Best savings account interest rates and top high yields available now in May 2024! Looking to make your money work smarter? In this video, I get into the world of HYSA high-yield savings accounts, breaking down the Top 10 options that boast the best APY. There are a few ties so there are more than 10 accounts, and I also discuss some accounts that are no longer in the top 10 and some runner ups. Prior to the list I also discuss the direction of savings rates and federal funds rate. Whether you're a savvy saver or a financial enthusiast, this comprehensive ranking will help you make informed decisions about where to stash your cash for optimal returns and/or learn more about high yield saving accounts!
0:00 Intro
1:02 Direction of APYs & Interest Rates
2:35 Common Features & List Requirements
7:08 Out of the Top 10
9:38 Runner Ups
11:53 Interest Compounding Daily vs Monthly
12:59 Top 10 List
28:11 Outro
📊 Discover which savings accounts offer the most competitive Annual Percentage Yields in the market.
🧮 Calculation example for each account.
🏦 Brief info about each financial institution.
💡 Tips for Maximizing Savings
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