5 High Yield Savings Accounts for Your Earnings

High-yield savings accounts are a great way to jumpstart your earnings, whether you do it online or at a brick-and-mortar institute. High-yield savings accounts earn more interest than the typical savings account, letting your money work for you.

Before you dive headlong into a new savings account, compare these to the current APY on your savings account. Calculate if it is higher than your current savings account, not just by looking to see if it is more than your current APY but factoring in monthly fees and making sure you meet the minimums required for deposit.

Always check to see if the money is insured by the Federal Deposit Insurance Corporation (FDIC) and for our last hot tip: Make sure they have easy user accessibility.

If it is a pain to access your hard-earned money, it might not be worth the benefit of having a higher APY. With these tips in mind, go forth and earn!

It can be overwhelming comparing rates across different banks, so we’ve prepared a list of high-yield savings accounts to help get you started.

BANKS with 1.0% or higher

VARO is an online bank that was founded in 2015 in San Francisco, California. It is run via mobile app. Their current high yield savings account offers up to 1.21% APY, with the potential to increase up to 2.80% if you can meet their three requirements, which you can read here.

They have no overdraft, maintenance or minimum balance fees. You can also access your paycheck up to two days early!

PNC Bank was founded in 1983 with their headquarters located in Pittsburgh, PA. PNC bank is another online institute for go-getters, with their savings account offering a high-yield of 1.00% APY.

It has no minimum to meet, is FDIC insured, boasts no monthly service charges and offers unlimited deposits and transfers into the account.

Banks above 0.85%

Vio Bank, an online division of Midfirst Bank, was established in 1911 in Oklahoma City, OK. It is currently offering up to 0.91% APY for those who open an account with their bank. It is only $100 minimum to open an account.

Vio Bank also boasts no monthly fees. It does, however, have one con: It has no checking or debit card system, so make sure if you use Vio you only use it to put away savings.

Citibank is the consumer division of Citigroup. It is one of the oldest banks on our list, started in 1812. It is headquartered in New York, New York, and has serviced millions of customers over its long run.

Citi savings accounts offer 0.90% APY. Note, however, that Citibank also has monthly service fees which are higher if you have a checking account.

Live Oak Bank was created in February 2005, and is headquartered in Wilmington, North Carolina. Their claim to fame is that they benefit small businesses and specialize in business banking and loans.

Live Oak is currently promising 0.85% APY on its savings accounts. The bank has no minimum balance and no maintenance fees.

7 Step Retirement Planning Checklist

Irrespective of whether you are planning to retire in 10 years, five years, three years, one year, or have already retired, getting organized, planning ahead, and controlling your finances goes

You Have a Year to Get Rich: 8 Key Steps to Take Now

If you had a year to get rich, what steps would you take immediately? As 2018 winds down, it's time to set your sights on you financial goals for the year

8 Honey Secrets For a Healthy Gut, Great Skin, and Supermodel Hair

Ah, honey, one of nature’s greatest treasures. This liquid gold is the pride of the bees and one of the most beneficial and nutrient-rich substances available on the planet. If

What to Do When You Receive a Financial Windfall

Knowing what to do if you receive a financial windfall is necessary to ensure that it does not get wasted. There are numerous ways one can receive a windfall, some

Middle Aged at 74? Life Expectancy Science Says ‘Yes’

For quite some time most people have viewed the age of 65 as the entry point into old age, hence the collecting of a pension and other senior specials. That

These Bad Financial Habits Are Destroying Your Credit Score

Bad financial habits are hard to break. But break them you must if you expect financial security someday, and that starts with good credit. The perfect FICO credit score rating

5 Jobs Where Employers Usually Hire Senior Citizens

Even though we live in a world where forced retirement and ageism are a reality, it doesn’t mean that middle-aged and elderly people have no employment options. There are plenty

3 Early Morning Elixirs that Give You All Day Energy and So Much More

It happens to all of us from time to time. We pop up out of bed, thinking we are rested and ready to take on the day, only to find

4 Types of Social Security Benefits You Should Know as a Senior

Figures published by the government show that more than 60 million Americans depend either fully or partially on Social Security benefits for their livelihood during retirement. Clearly, for most seniors,

4 Surprising Benefits of Lemons

There’s something simple and joyous about laying eyes on a fresh, vibrant lemon. Sitting in a fruit bowl or hanging out in the fruit and veg drawer of the fridge.

Little-Known Causes, and Solutions, for Anemia

If you’re constantly feeling tired and lacking energy, losing hair, or have unhealthy nails, you or your doctor might suspect anemia. The common "solution" is to take an iron supplement

how to protect elderly parents from scams

How to Protect Elderly Parents from Scams

Many young Americans are up against the challenge of how to protect elderly parents from scams. At present, more than 15% of the U.S. population is above the age of