A high-interest savings account is a great way to save money and earn a competitive interest rate on your balance. In Missouri, there are many financial institutions that offer high-interest savings accounts to their customers. In this article, we will explore some of the best options available to Missouri residents.
One of the best high-interest savings accounts available in Missouri is offered by Commerce Bank. Their myDirect Savings account offers a competitive interest rate of 0.45% APY on balances up to $250,000. There are no monthly maintenance fees or minimum balance requirements, making it an excellent option for those looking to save without worrying about fees.
Another great option for a high-interest savings account in Missouri is offered by UMB Bank. Their UMB High Yield Savings account offers an interest rate of 0.50% APY on balances over $10,000. There is no monthly maintenance fee for this account, but a minimum balance of $10,000 is required to earn the highest interest rate.
In addition to traditional banks, credit unions in Missouri also offer high-interest savings accounts. One such credit union is Anheuser-Busch Employees’ Credit Union (ABECU). Their High Yield Savings account offers an interest rate of 0.50% APY on balances over $2,500. There are no monthly maintenance fees, and the account can be opened with as little as $5.
It is important to note that some high-interest savings accounts may have restrictions on withdrawals or require a certain amount of activity on the account to maintain the high-interest rate. Before opening a high-interest savings account, it is important to review the terms and conditions carefully to ensure it meets your needs.
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Best options available to Missouri residents
Missouri residents have a variety of options when it comes to savings accounts. Some of the best options available to Missouri residents include:
Commerce Bank myDirect Savings Account – This account offers a competitive interest rate of 0.45% APY on balances up to $250,000. There are no monthly maintenance fees or minimum balance requirements.
UMB Bank High Yield Savings Account – This account offers an interest rate of 0.50% APY on balances over $10,000. There are no monthly maintenance fees, but a minimum balance of $10,000 is required to earn the highest interest rate.
Anheuser-Busch Employees’ Credit Union (ABECU) High Yield Savings Account – This account offers an interest rate of 0.50% APY on balances over $2,500. There are no monthly maintenance fees, and the account can be opened with as little as $5.
CIT Bank Savings Builder Account – This account offers a competitive interest rate of up to 0.40% APY (Annual Percentage Yield) if you maintain a balance of $25,000 or more or make a monthly deposit of $100 or more.
Ally Online Savings Account – This account offers a competitive interest rate of 0.50% APY with no monthly maintenance fees or minimum balance requirements.
Discover Online Savings Account – This account offers a competitive interest rate of 0.40% APY with no monthly maintenance fees or minimum balance requirements.
Capital One 360 Savings Account – This account offers a competitive interest rate of 0.40% APY with no fees or minimum balance requirements.
Alliant High-Rate Savings Account – This account offers a competitive interest rate of 0.55% APY with no monthly maintenance fees and access to a large ATM network.
The Best Savings Accounts in Missouri
When it comes to saving money, finding the right savings account is crucial. A good savings account should offer a competitive interest rate, low fees, and convenient access to your funds. If you live in Missouri, there are several great options for savings accounts. In this article, we will explore some of the best savings accounts available in Missouri.
CIT Bank Savings Builder Account
CIT Bank’s Savings Builder Account is one of the best savings accounts available in Missouri. It offers a competitive interest rate of up to 0.40% APY (Annual Percentage Yield) if you maintain a balance of $25,000 or more or make a monthly deposit of $100 or more. For those who cannot meet those requirements, the account still offers a respectable interest rate of 0.28% APY. There are no monthly maintenance fees, and you can access your funds online or through the CIT Bank mobile app.
Ally Online Savings Account
The Ally Online Savings Account is another great option for Missouri residents. It offers a competitive interest rate of 0.50% APY with no monthly maintenance fees or minimum balance requirements. The account also comes with a variety of features, including a mobile app, online transfers, and free checks.
Discover Online Savings Account
Discover’s Online Savings Account is another top choice for Missouri savers. It offers a competitive interest rate of 0.40% APY with no monthly maintenance fees or minimum balance requirements. The account also comes with a variety of features, including a mobile app, online transfers, and free checks.
Capital One 360 Savings Account
The Capital One 360 Savings Account is a great option for Missouri residents who want to earn a high-interest rate with no fees or minimum balance requirements. The account offers a competitive interest rate of 0.40% APY, and you can access your funds online or through the Capital One mobile app.
Alliant High-Rate Savings Account
The Alliant High-Rate Savings Account is a great choice for those who want to earn a high-interest rate and have access to a large ATM network. The account offers a competitive interest rate of 0.55% APY with no monthly maintenance fees. Alliant also offers an ATM network of over 80,000 surcharge-free ATMs, making it easy to access your funds.
Conclusion
In conclusion, Missouri residents have access to a variety of high-interest savings accounts. When choosing a savings account, it is important to consider the interest rate, fees, minimum balance requirements, and convenience of accessing your funds. Whether you prefer a traditional brick-and-mortar bank or an online-only bank, there are several great options to choose from.
Some of the top savings accounts for Missouri residents include Commerce Bank myDirect Savings Account, UMB Bank High Yield Savings Account, Anheuser-Busch Employees’ Credit Union (ABECU) High Yield Savings Account, CIT Bank Savings Builder Account, Ally Online Savings Account, Discover Online Savings Account, Capital One 360 Savings Account, and Alliant High-Rate Savings Account.
By choosing one of these accounts, you can earn a competitive interest rate and maximize your savings to reach your financial goals.
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