We analyzed ”best savings account” reviews from 9 financial sites to find the best high-yield savings accounts now ...

Savings accounts typically enjoy compound interest, which means you earn a return on both the principal balance and the interest the principal earns. Some accounts compound daily, others monthly.

which means lower overhead costs. Those banks can pass some of these savings down to customers through higher interest rates and fewer fees on savings accounts. Brick-and-mortar banks often charge a ...

A higher APY means you'll earn more on your savings account balance ... any fees associated with the account. For example, some accounts will charge a monthly maintenance fee if you don't meet ...

There are no monthly account fees ... In the case of a 5% APY savings account, it means you’ll earn a total of 5% interest throughout the year. APY is different than the interest rate.