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Account now login7/11/2023 ![]() ![]() Some of the top high-yield savings accounts, for instance, currently feature rates of 4.00% or higher. But remember that many banks offer significantly higher rates. The average APY for savings accounts requiring a minimum deposit of $10,000 was 0.25%, unmoved over the past week. Savings account rates - $10,000 minimum deposit ![]() The average APY for savings accounts requiring a minimum deposit of 10,000 was 0.25, unmoved over the past week. Meanwhile, the average APY (annual percentage yield) for a traditional savings account, as reported by Bankrate, is 1.28%.ĪPY represents the actual return your account will generate in a year, taking into account compound interest - the interest earned on both the principal and previously accumulated interest in your account.įor instance, if you were to invest $1,000 at a 4.64% rate (the current high) for one year, you would earn roughly $50 in interest, assuming daily compounding and no additional contributions. 2 days ago &0183 &32 Robinhoods instant access savings account now pays its Gold customers 4.65 on uninvested brokerage account cash. Savings account rates 10,000 minimum deposit. The highest interest rate on a standard savings account today is 4.64%, per Bankrate, the same as a week ago. The nation’s central bank countered the inflationary effects of lockdowns and rounds of stimulus bills by significantly increasing interest rates to offset soaring prices, prompting banks to raise rates for savers. The narrative, however, was turned upside down following the government’s extensive spending during the pandemic. The Fed slashed short-term rates to near zero, and kept them there for years, in order to stimulate the economy. Customize your card with a custom or collegiate image. Please call 1-86 to request a paper statement or to report an unauthorized transaction on your Card. Known as “statement savings accounts” in the banking business, savings accounts offered subatomic yields in the years following the Great Recession in 2008. Log in to Regions Online Banking to view your Now Card balance and electronic account statement.
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