Money Matters: Scoring Big with High-Yield Savings and Zelle
Looking to leverage Zelle for higher savings returns? Discover top-tier accounts offering lucrative interest rates.
Want to keep your cash chill in today's inflated economy? A high-yield savings account is a smart move to ensure your savings out-perform today's high inflation rates. Here are three top picks boasting both high APYs and Zelle for quick, convenient transferring of funds to friends and family.
- Presidential Bank's Advantage Savings – This account offers a juicy 4.50% APY, but you'll need a $5,000 opening deposit and an Advantage Checking account for the full rate. Without it, you'll still earn 4.00%.
- Poppy Bank's Premier Online Savings – With a 4.40% APY and a low barrier to entry, any investment gets you in the game. However, be prepared for a $5 monthly fee, which can be waived with e-statements.
- Bask Bank's Interest Savings – This account offers a competitive 4.20% APY with no minimum balance requirement. Enjoy hassle-free transfers with Zelle.
Zelle is a handy peer-to-peer money transfer service that allows users to send money from one bank account to another through a computer or mobile device. More than 2,200 banks and credit unions support this service. If you swap dinner bills with friends or share utilities with a roomie, you can appreciate Zelle's convenience.
Tips for Better Money Moves
When shopping for the best savings account, remember: the higher the APY, the more interest you earn on your savings. Check for balance requirements to ensure they work for your financial situation.
Looking for additional high-yielding options with Zelle? Quontic Bank is worth considering, offering competitive rates and supporting Zelle, along with other payment platforms[5].
With the right bank account, you can save smarter and transfer funds with ease. Happy banking!
Footnotes:
- The national average savings rate is generally quite low, often just a fraction of the interest rates offered by the top high-yield savings accounts.
- Zelle does not offer payment protection or a way to undo a transaction if you send money to the wrong person.
- Zelle recommends that you treat it like cash, and use it only to send money to people you know and trust.
- mph.bank's Free Account: Note that this high-interest checking account does not yield the same interest rate as a savings account, but it requires direct deposit to earn the high 5% rate, making it another excellent option for Zelle transfers - especially if you can meet the direct deposit criterion.
- In addition to Zelle, some banks and credit unions may offer alternative money transfer services that allow account holders to send and receive funds directly from their bank accounts. Always verify the specific payment platforms supported by your chosen institution.
- To elevate your liquidity in the inflated economy, consider high-yield savings accounts like the ones offering competitive rates and Zelle for convenient transfers.
- With Quontic Bank, you can receive high-yield savings options, along with the option of Zelle and other payment platforms, making it a great choice for seamless trading.
- Mph.bank's Free Account offers a high-interest checking account requiring direct deposit, making it ideal for users who want to optimize their Zelle-enabled personal-finance management.
- In the banking-and-insurance industry, a smart move for savers would be to choose accounts with high APYs, low balance requirements, and support for services like Zelle.
- Be cautious when using Zelle, as it does not provide payment protection or the ability to undo transactions if sent to the wrong person, so it's essential to only send money to trusted individuals.
- To make better money moves, it's important to consider the APY of a savings account, balance requirements, and the availability of Zelle and other payment platforms before making a decision.
