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Are you looking for a secure way to grow your savings?
Well, Georgia is home to hundreds of banks. These banks offer a wide variety of savings accounts for you to choose from. Unlike the standard savings account, a high-yield savings account offers a high annual percentage yield (APY) on your funds. This way you can maximize the returns on every dollar invested.
Finding a high-yield account that is suitable for you can require some research. Start by considering your needs and preferences. For example, if you prefer a high interest, narrow down your search to accounts that offer a higher APY. If you prefer online to traditional brick-and-mortar banking services, narrow down your search to online bank accounts.
Apart from these features, also consider the account fees. In most cases, you will find that accounts with a high APY have high service charges, such as high monthly and transactional fees. Look out for other features like safety (FDIC insurance), ease of access, among others.
WalletBrain reviewed some of the best savings accounts in Georgia. We took an extensive look at APY stability, account costs, and other features to get our top picks. Use or comprehensive review to choose the right fit for your financial needs today.
UFB Direct Rewards Savings comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.
This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.
Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.
This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.
First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.