What are high interest savings accounts?

Back to learn

What are high interest savings accounts?

Rounding it up

  • Most savings accounts offer earning interest, but there are some that can nearly keep up with inflation.

  • While there’s no set definition, a high interest savings account typically pays anywhere from 10 to 20 times the national average.

  • Interest is one of the most important things to consider when comparing different savings accounts.

  • Also remember to compare various fees, payment structures, and any additional advantages like savings features or superb customer experience.

6 min read

Andrew Paniello
#savings#high interest savings account#savings account#interest

Andrew Paniello

Andrew Paniello is a freelance financial writer based in St. Louis, MO. He graduated from the University of Colorado with degrees in Finance and Political Science. Currently, Andrew focuses on business, investing, personal finance, real estate, and related topics.

Recent Articles

How to open a bank account as an international student

4 Personal finance tips for international students

How much money do you need to move to Canada?

Is cryptocurrency taxable in Canada?

What are the different types of earned wage access?

What credit score do new Canadians start with?

Related articles

How much money do you need to move to Canada?

7 mins

Ryan Severance

Are you thinking about moving to Canada? Here’s how much money you’ll need to qualify for a visa and thrive once you arrive.

How much money do you need to move to Canada?

7 mins

Ryan Severance

Are you thinking about moving to Canada? Here’s how much money you’ll need to qualify for a visa and thrive once you arrive.

#newcomer

#immigration

#visa

#savings

Company

AboutCareersCultureLearnPartnersStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.