Savings account rates rising as some banks increase offers
Savings account rates are increasing at some banks, with some providers offering higher returns than others. The changes are effective as of the latest reports.
Why it matters
Those with low-rate accounts may qualify for better returns, but terms and eligibility vary.
Eligibility conditions
Higher rates are often limited to new customers or those who meet specific deposit thresholds.
Common questions
Can I switch to a higher-rate account without fees?
Some providers allow switching without fees, but others may charge a transfer or account closure fee.
Sources
- Should You Take Your Money and Run — To a New Bank? By Yuliya Goldshteyn, NerdWallet · nerdwallet.com
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