<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Allworth Advice: Beat high costs with savings"/><p class="gnt_ar_b_p"><a target="_blank" href="http://www.usatoday.com/story/money/2023/12/01/interest-rates-may-rise-again-amid-inflation/71763461007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Interest rate hikes</a> over the past few years have been a saver’s delight, but your return can vary based on where you park your savings.</p><p class="gnt_ar_b_p">Your best bet for snagging the highest rate is an <a target="_blank" href="http://www.usatoday.com/money/blueprint/banking/savings/best-high-yield-savings-accounts/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">online-only personal savings account</a>, which even beat the average <a target="_blank" href="http://www.usatoday.com/money/blueprint/banking/cds/best-one-year-cd-rates/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">rate on a one-year Certificate of Deposit (CD)</a>, according to the Banking Landscape report released Thursday by finance site WalletHub. That study analyzed nearly 2,700 deposit accounts.</p><p class="gnt_ar_b_p">And if you need regular access to your money, rates at credit union <a target="_blank" href="http://www.usatoday.com/money/blueprint/banking/checking/best-checking-accounts/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">checking accounts</a> are 65 times higher than those at regional banks, and they charge lower fees.</p><p class="gnt_ar_b_p">Credit unions can offer higher rates because of “their small, local, and nonprofit nature, which results in lower overhead costs,” said <a target="_blank" href="https://wallethub.com/profile/alina-comoreanu-13733311i" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Alina Comoreanu, WalletHub senior researcher</a>.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">Here are more banking trends and tidbits to help you get the most out of your cash:</p><p class="gnt_ar_b_p"><strong>Learn more:</strong> <a target="_blank" rel="noopener" data-t-l=":body nav (cd)|e|auto spike click:6|${u}" class="gnt_ar_b_a" href="https://www.usatoday.com/money/blueprint/banking/cds/best-cd-rates/">Best current CD rates</a></p><h2 class="gnt_ar_b_mt">Where are the highest savings interest rates?</h2><p class="gnt_ar_b_p">Online savings accounts continue to beat their <a target="_blank" href="http://www.usatoday.com/money/blueprint/banking/savings/us-bank-savings-account-interest-rates/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">brick-and-mortar counterparts</a> by a wide margin. Their rates are 4.9 times higher than their branch-based counterparts and 3.7 times more than traditional checking accounts, WalletHub said.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">A few banks recently lowered their online rates. But with the Fed remaining in higher-for-longer mode on interest rates, most online banks should keep their online savings and money market rates steady, said <a target="_blank" href="https://www.depositaccounts.com/blog/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">Ken Tumin in his Bank Deals Blog</a> earlier this month.</p><p class="gnt_ar_b_p">After three <a target="_blank" href="http://www.usatoday.com/story/money/2024/03/12/cpi-report-march-2024-inflation-data/72934243007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">consecutive months</a> of <a target="_blank" href="http://www.usatoday.com/story/money/2024/04/10/cpi-report-march-inflation-data/73259923007/" data-t-l=":b|e|k|${u}" class="gnt_ar_b_a" rel="noopener">hotter-than-expected...</a></p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/personalfinance/2024/04/18/where-are-highest-savings-interest-rates/73344558007/">Read more <span>➤</span></a> </div>
