7 Best High Yield Savings Accounts 2023 (Over 5% APY)

With bank accounts offering an average rate of 0.42% on your money, it makes sense to take some of your money and put it into high yield savings accounts. In this video I will give you 7 great high yield savings accounts that are all FDIC insured, and well over 10 times the average rate you would get at most banks.

High Yield Savings Accounts mentioned in the video:

American express national bank

Ally Bank

CITI Savings

Discover online savings

Capital one Savings

Betterment Cash management account

CIT Bank

Video Chapters
0:00 - Intro
1:20 - American Express
2:12 - Ally Bank
3:00 - CITI
3:35 - Discover
3:57 - Capital one
4:23 - Betterment
5:06 - CIT Bank

#savingaccounts #personalfinance

[gabrielbruhnr]

These banks in tandem with the corrupt government will take this country to it's knees like the fall of Rome, My sympathy goes to anyone approaching retirement, you may have reasonable concerns over your pension and if it'll stretch to cover the rising cost of living, bad regulatory policies, bad energy and insane fiscal policies.

[keishito]

You mentioned Over 5% APY but only one on your list is over 5% APY.
UFC direct (currently 5.25% APY) or Popular direct (currently 5.40% APY) offer better rates.
You didn’t mentioned SoFi which has 4.60% and is a great bank with higher % than some of those banks.

[jennazhang]

My Amex high yield is currently 4.3% :)!

[luishernandez]

Fifth third bank have a CD option for 7 month at 4.88% ..just open it today ...great option

[josephmgomez]

Wealthfront beats all of these mentioned.

[callmeNeno]

I like capital one 360 savings best both worlds hybrid brick and mortar approach: the ability to deposit cast at local branches is convenient

[debbie]

Great job Ethan! Please keep up the good work. You are very clear and easy to follow.

[kanubhaijadav]

Capitalone Bank do not pay 4.30 % --- it is 4.25%

[Dreby]

I have an AMEX HYSA but didn’t know about the calculator. Thanks for the info Ethan!

[MahoneyBadger]

Just opened a checking account at Primis with 5.07% APY. I think their savings is about the same.

[killerdragon]

Why do so many channels mention SoFi bank? Is it because they are sponsored? I feel like the flat 250 dollars is overcome by the .5% more interest other banks offer - unless these other banks are likely to fluctuate their interest often?

[Naniloveslife]

great video thanks for the info! keep it up!

[MindsetMoney]

Make a video about how great amex customer service is! I have had great experience with them

[bldzpoq]

It's a great video, simple and clear, handy and informative. Keep it up, Ethan.

[blancaestela]

American Express and Discover did not work opening new accounts. Almost out of options, I don't like Capital One but seems like no other choice. T Y

[mrlee]

How the hell do you earn $40 of interest in a year when investing $100 at 4%??

[JohnT]

Experts are now stocks that will skyrocket in 2024 are MRNA, UPST. DIS. TGT. BBY. PARA, sqqq. TDOC to name few.. Forget 5% savings earn 20%