U.S. markets open in 6 hours 14 minutes
  • S&P Futures

    4,219.75
    +10.00 (+0.24%)
     
  • Dow Futures

    33,378.00
    +74.00 (+0.22%)
     
  • Nasdaq Futures

    13,346.00
    +34.75 (+0.26%)
     
  • Russell 2000 Futures

    1,983.10
    +6.80 (+0.34%)
     
  • Crude Oil

    94.22
    -0.12 (-0.13%)
     
  • Gold

    1,807.70
    +0.50 (+0.03%)
     
  • Silver

    20.37
    +0.02 (+0.10%)
     
  • EUR/USD

    1.0319
    -0.0006 (-0.06%)
     
  • 10-Yr Bond

    2.8880
    0.0000 (0.00%)
     
  • Vix

    20.20
    +0.46 (+2.33%)
     
  • GBP/USD

    1.2204
    +0.0002 (+0.01%)
     
  • USD/JPY

    133.2380
    +0.2390 (+0.18%)
     
  • BTC-USD

    23,973.64
    -581.65 (-2.37%)
     
  • CMC Crypto 200

    569.28
    -5.47 (-0.95%)
     
  • FTSE 100

    7,486.21
    +20.30 (+0.27%)
     
  • Nikkei 225

    28,546.98
    +727.65 (+2.62%)
     

This savings account is now paying 5% — plus other accounts that offer $100+ cash bonuses and more

·2 min read
This savings account is now paying 5% — plus other accounts that offer $100+ cash bonuses and more

The national average interest rate for savings accounts is a paltry 0.11%, according to Bankrate data from July 27. Many online banks offer rates far higher than the national average — something you may want to consider as pros say that despite high inflation, most Americans need somewhere between 3-12 months of income in a safe spot like a high-yield savings account. “A good way to combat inflation is to seek out higher interest rates on savings accounts which slows the impact of inflation on your cash,” says Chanelle Bessette, banking expert at NerdWallet.