| A savings account is one of those essentials that every adult should have. Everybody needs a safe place to store their money, whether it's $100, $1,000, or $100,000. When it comes to safety, you're fine with just about any savings account on the market. All the major U.S. banks have FDIC insurance covering up to $250,000 per account, so customers don't need to worry about banks losing their money. But this doesn't mean that all savings accounts are created equal. Because there's one huge difference between what you get from most brick-and-mortar banks compared to what you get from online banks -- interest rates. This high-yield savings account is an excellent example, and a favorite of ours. It has an APY over 9x greater than the national average found at most brick-and-mortar banks! To put that into perspective, if you're earning $50 in interest per year from a traditional savings account with an average APY, you could start earning over $500. What about fees, balance requirements, and managing your money? A high APY is a big benefit, but it's not the only thing that matters. This savings account also offers: - No maintenance fees
- No monthly balance requirements, and only a $1 balance is required to earn interest
- An easy-to-use online account where you can link accounts and move money
If you don't have a high-yield savings account yet, it's a good idea to get one ASAP. This type of account could earn you quite a bit more interest, without costing you any extra fees. Want to learn more about what makes this bank account stand out? Check out the full review here for all its benefits. | 
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