High-yield savings accounts help you save up for emergencies. And other future financial goals such as vacation funds or a down payment for a house. If you are looking for a high-yield savings account in North Carolina, there are various options available. Whether you prefer online or traditional banking services, there is an account best suited for you.
Start by determining your individual needs and preferences. Knowing what you need will help you narrow down your search to accounts with important features. For example, if you prefer online banking, narrow down your search to online high-yield savings accounts.
The interest rate or annual percentage yield (APY) is also an important consideration. The main goal of choosing a high-yield savings account is to maximize the return on every dollar saved.
Keep in mind that the national average APY for a standard savings account is 0.05% so ensure you find an account offering a higher rate than this. Another factor to consider is the account fees such as monthly and transactional fees. Look for an account with a high APY and low account fees.
We reviewed some of the best savings accounts in North Carolina. Use our review to find the best match for you today.
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.
This savings builder 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. It's best to go by depositing $100 a month because you will have accumulated a significant balance in a few years without realizing it.
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