Best HYSA

10 Best HYSA 2022 – High Yield Savings Accounts

A high yield savings account is an account type that offers you safety to your money, and at the same time gives you a yield higher than that of a regular savings account. If you’re looking for a place to keep your emergency funds and store your savings for future events, a high yield savings account is the best. In the course of this article, we will be reviewing the 10 best HYSA of 2022.

10 Best High Yield Savings Accounts in 2022

Below is a collection of some of the finest HYSA to choose from. Without further ado, let’s get to it.

1. LendingClub Bank

LendingClub Bank
This is a bank that offers its potential customers yields that are above the national average on its high yield savings account. The LendingClub bank offers its customers two APYs. If you want to earn the highest APY with the LendingClub bank, you will need to maintain a balance of $2,500 or more.
Also worth noting is that all it takes to have a bank account with the LendingClub bank is $100.

2. Comenity Direct

Comenity Direct hysa
This is a bank that offers potential customers high yield savings account with a nice APY of 0.60%. The minimum amount that is required to have an account with Comenity Direct is $100. Worth noting is that they do not charge any monthly fees.
The only downside is that the deposits into your HYSA are done via ACH transfer. The reason for this is that Comenity Direct does not have any ATM branches or physical branches scattered across the United States of America.

3. Alliant Credit Union High-Rate Savings Account

Alliant Credit Union High-Rate Savings Account
Another way to get a good HYSA in the United States of America is to opt for Alliant Credit Union. It is an account type that offers users a 0.55% APY which is very much conditional.
The condition is that you have to maintain a balance of $100 in order to earn interest. Also, a customer that has an HYSA with Alliant Credit Union does not need to pay a maintenance fee as long as they choose online statements.

4. Pentagon Federal Credit Union

Pentagon Federal Credit Union
This is not a bank, but a credit union that was established in 1935.
If you wish to get high yield savings account with this credit union, you need to ready your $5. Also, there is no free membership, but they compensate with an APY of 0.55%. Also worth noting, is that in order to be eligible for their APY, you need to maintain a minimum balance of $100.
If you are a member of the pentagon, you are eligible to join this credit union and enjoy their high yield savings account offer. Military associations, among others, are interesting ways to join the Pentagon Federal Credit Union.

5. Quontic Bank

Quontic Bank
The Quontic bank is an interesting bank that offers its customer or potential customers an opportunity to open a high yield savings account. To be able to open an account with the Quontic bank high yield savings account, you will need a minimum deposit of $100.
There are no maintenance fees with this bank, but you have to pay $10 for any withdrawal that surpasses six in a statement cycle. Another perk of using Quontic bank for opening a high yield savings account is that their APY is 0.55%.

6. CIBC Bank USA

CIBC Bank USA
To be able to open a savings account with the CIBC Bank USA, you will need $1000 as your minimum opening deposit. There are no monthly maintenance fees that are accrued, and the APY of this savings account is 0.52%.

7. Ally Bank

Ally Bank hysa
This is a bank that started its operations in 2004. Since 2012, they have gotten over 1 million customer accounts and currently have about 2.3 million customers. With the Ally Bank high yield savings account, you will get 0.50% APY.
Another interesting perk is that no amount of money is required to open high yield savings account with them. Also worth noting is that the cost of performing an outgoing domestic wire with the Ally bank is $20.

8. American Express National Bank

American Express National Bank logo
The American Express bank is best known across the United States of America for offering credit cards to customers and potential customers. However, they offer a savings account that can offer a potential customer high yields.
Another interesting perk of having high yield savings account with them is that they don’t need a minimum balance charge and no monthly fees. Also worth noting is that their competitive APY is 0.50%.

9. Barclays Bank

Barclays Bank ONE OF THE BEST HYSA
This bank originated from London but found ways to get a thriving customer base in America. If you want to openĀ  HYSA with them, you do not need a minimum deposit. Although, if you keep an account balance of less than $1 in your online savings accounts for more than 179 days, it will be closed. The Barclays bank offers a competitive APY of 0.50%.

10. CitiBank

CitiBank HYSA
CitiBank is another interesting bank in the USA that offers savings with high-interest yields. The savings account type that they offer is known as the Citi Accelerate Savings account. It is important to note that their savings account may not be available in some higher states in the United States of America.
There is no minimum balance that is required for account opening, and there is a $10 fee that will be incurred if you link your checking account with your Citibank Accelerate Savings Account. However, if your savings account is not linked to your checking account, you will incur a fee of $4.50.

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