💵 My Top 5 High Yield Savings Accounts
💵 My Top 5 High Yield Savings Accounts
These five high yield savings accounts can earn you upwards of an extra free $5000 a year just sitting in the bank
1. AMEX Savings
2. Sofi
3. BMO Alto
4. Ever-bank
5. Jenius Bank
I  personally bank with BMO Alto because I like the stability of their interest-rate.
Even though Everbank and Jenius Bank both currently have higher interest rates, their interest rates also fluctuate a lot. I like to know that my interest rate is going to remain high on a consistent basis .
Hi ! Is there a minimum requirement to open a BMO account?
Please know that these percentages can change. They are not locked in. And it can get very complicated if you try to open several and move the money around. But it’s better to do something.
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Is that per month or per year
Sofi at 3.8
Thanks so much for the info. Can I ask why you chose BMO specifically? I’m thinking of Jenius bank since it’s offering such a high APY right now, but I’ve honestly never heard of them and wondering if going with a more well-known bank is a better option.
What’s the minimum amount to open a high yield account?
First Happy New Year.🎉 how much do you have to put in to receive $5000 within the yr?
When the market changes the interest rate changes. most banks are around 3.5% to 3.8% right now. SoFi is probably one of the highest but you have to put either 5k in your acct to get that highest rate or do direct deposit each month from your job.
Meow thanks
I will be looking into BMO thanks to you. I happened to come across your channel and would like to move 15k out of my regular savings account. New subscriber
We live in New Jersey, most these banks aren’t anywhere near us. What are some other banks in New Jersey you recommend?
Is capital one good?
Do you have to pay tax on the interest
Anyone have more information about Everbank ? I currently have a BMO Alto account and like it but want to explore another one with a competitive rate.
AMEX is 2.60% today! That’s all I know.
Hi can we specify whether or not these payments are monthly or yearly please thank you.
Bmos website is claiming 3.15 as of June 15
Is the interest taxed? I bet it is.
Good info I just started looking into these kinds of savings accounts
Etrade not bad too trusted and give you 4%
None of the big banks offer high yield!
Make sure you check them on real time. Those interest rates aren’t current as of May 2025