Here are the top 5 best high yield savings accounts in 2022...

According to the FDIC, the average interest rate on savings accounts in the United States right now is only .05%. And for a lot of big banks, like Bank of America, it’s only .01%.

This is why so many people have switched over to high yield savings accounts for the best savings account rates.

So in this video, I’ll share my top 5 best high yield savings accounts in the United States right now.

What’s a high-yield savings account?

A high yield savings account is a type of savings account that typically pays 20-25 times the national average of a traditional savings account.

How do high yield savings accounts work?

In the past, people would typically just open a savings account at the same bank where they have their checking account so that it’s easy and quick to transfer between accounts.

But now, we have internet-only banks that don’t have all the overhead of a traditional bank with physical locations. So they’re able to offer higher rates on savings accounts.

Here are my top 5 best high yield savings accounts in 2021 right now that give you the best savings account rate:

#1 YOTTA SAVINGS
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Yotta Savings works on a “game-like” system that pays you a base interest rate of 0.2% FDIC insured through Evolve Bank… along with a weekly lottery ticket for every $25 you save, entering you to win prizes - all the way up to $10 MILLION dollars!

When you combine the basic interest rate you get on your Yotta Savings account with your average winnings, your overall rate is much higher than you can get with practically any other savings account, which means having your money work harder FOR you.

As of right now, I’m getting about 6% on my Yotta Savings account between the basic interest rate and prizes. I did some asking around on Reddit and it seems like most people are averaging 1-2% right now.

My rate is unnaturally high because I’ve enjoyed Yotta so much that I’ve referred people, and when you refer a friend, you each get one time free tickets to the next week’s lottery.

Use code “PENELOPEJANE” for 100 extra tickets in next week’s lottery. [ Ссылка ]

Here’s my full Yotta Savings review video: [ Ссылка ]

#2 PATELCO CREDIT UNION
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The reason I like Patelco for saving money specifically is because they have some of the best money market rates when you’re just getting started.

Right now, Patelco pays 2% on the first $2,000 and then 1% up to $5,000.

#3 ALLIANT CREDIT UNION
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Suze Orman calls Alliant “The Ultimate Opportunity Savings Account.”

Alliant is good for people who want high-yield checking and saving rates and a large ATM network, and who aren’t likely to overdraft.

#4 VIO BANK
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Vio Bank, which has an even better rate than Alliant right now, and $100 opening minimum on its savings account.

They have the best savings account rates that I know of outside of credit unions and Yotta Savings, once you factor in the average prizes.

#5 COMENITY DIRECT
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Comenity has become well-known as the bank behind many branded retail credit cards, but Comenity Direct also offers great rates on high-yield savings accounts and CDs.

If you’re looking for a the best savings account rates for BUSINESS, my favorite option right now is:

FOR BUSINESS: LIVE OAK BANK
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Live Oak’s interest rate on its business savings accounts is comparable to the best savings account rates I’ve been able to find for personal accounts.

BONUS: BLOCKFI

This isn’t a savings account, but rather an investment account with a unique set of risks. It’s not FDIC insured and cryptocurrency exchanges have been hacked in the past.

But if you’re comfortable with having some of your money on a cryptocurrency exchange, the interest rates are pretty amazing. At the time I’m recording this video, BlockFi is paying 8.6% interest on USDC (which is a stable coin pegged to the US Dollar).

Earn PASSIVE INCOME on your Ethereum and other cryptocurrencies and get up to $250 worth of Bitcoin for free with BlockFi here: [ Ссылка ]

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The #1 Secret to Saving More Money
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[FREE EBOOK] The Financial Freedom Formula:
[ Ссылка ]

Financial Freedom 101 Online 3-Day Event: [ Ссылка ]

NOTE: Penelope Jane Smith will receive an affiliate commission or referral bonus from some of the links and other products that appear in this video. Penelope Jane Smith is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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