Emily Clarke

Best Savings Accounts of 2022

Are you interested in building your wealth and securing a better financial future? The best way to do that is with a good savings account! These accounts make saving money for beginners a breeze.

The best savings account charges low fees while providing impressive service. They also offer a decent return, helping you grow your wealth over time.

Ready to pick an account? Check out these top-rated choices for 2022.

Salie Mae SmartyPig

Sallie Mae is mostly known as a student loan provider. But the SmartyPig savings account is a compelling product worth investigating. It appeals to young people and makes saving money for beginners a breeze.

You don't need to put tons of money into the account to open it. It has no minimum deposit and no monthly fees. Put what you can into the account and take advantage of the 1.10 percent APY.

SmartPig also comes with an intuitive app. Set goals, monitor your progress, and watch your account get bigger with every deposit.

Varo Savings Account

Here's another account that has no minimum deposit or monthly fees. Varo is a major player in the fintech field, and the company was the first fintech company to get a national bank charter.

The savings account offers APY between 1.20 and 5.00 percent. What APY you get depends entirely on how much money you deposit. Varo has several thresholds. Meeting those despot thresholds during a qualifying period can let you earn a higher APY.

Synchrony Bank High-Yield Savings Account

The savings account from Synchrony is straightforward to use. It comes with an APY of 1.2 percent and has many convenient features. For example, you can request an ATM card and use a wide network of terminals for fee-free withdrawals.

Synchrony also has zero monthly fees and no minimum deposit.

Consumers Credit Union Smart Saver

Consumers Credit Union has a unique APY system. The APY varies from 0.25 to 1.50 percent. Reaching that higher percentage requires a deposit of $1,000 each month.

The bank limits monthly deposits to $1,000. Anything above that transfers to a different type of savings account. The flexibility of this account is its biggest draw, helping you maximize savings on your terms.

Author Resource:-

Emily Clarke writes about cash advances, overdraft protection & finance apps. You can find her thoughts at financial app blog.