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12 best high-yield savings accounts for June 2024
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Some believe that if you want to earn a meaningful return on your savings, you’ll need to be willing to take risks with your money – or lock it up for months or years to come. But, that’s not exactly the case. While traditional savings accounts typically offer menial returns – currently averaging just 0.45% annually – high-yield savings accounts could help you earn significantly more.
High-yield savings accounts are similar to their traditional counterparts in many ways. These accounts typically come with FDIC or NCUA insurance – which helps keep your money safe. At the same time, they’re usually highly accessible. Sure, there may be limits to how many times you can tap into your high-yield savings account monthly, but you don’t have to agree to lock your money up for any preset period of time to take advantage of the returns they offer.
But, there’s a key difference between traditional savings accounts and high-yield savings accounts – their yields. High yield savings accounts offer a “higher yield than a regular savings,” explains Matt Willer, managing director of capital markets at the financial planning firm, Phoenix Capital Markets.
Today’s best high-yield savings accounts offer returns ranging from 4.25% to 5.35%, giving you the option to significantly expand your earnings when compared to a traditional savings account. So, where can you find the best high-yield savings accounts this June? Below, we will list some of the top options to consider.
Open a leading high-yield savings account now.
12 best high-yield savings accounts for June
If you’d like to earn strong high-yield savings returns, consider opening one of the following accounts.
- Brio Direct – 5.35% APY: You must deposit at least $5,000 to open your account. Once your account is open, you’ll need to maintain a $25 minimum balance to earn the stated APY.
- Forbright Bank – 5.30% APY: You don’t need to meet a minimum deposit requirement to open this account and there is no minimum balance requirement to earn the stated APY.
- Tab Bank – 5.27% APY: There is no minimum deposit to open this account. Once your account is open, you’ll need to maintain a $0.01 minimum balance to earn the stated APY.
- UBF Direct – 5.25% APY: You don’t need to meet a minimum deposit requirement to open this account and there is no minimum balance requirement to earn the stated APY.
- Bread Savings – 5.15% APY: You must deposit at least $100 to open your account. Once your account is open, there is no minimum balance requirement to earn the stated APY.
- Popular Direct – 5.15% APY: You must deposit at least $100 to open your account. Once your account is open, you’ll need to maintain a $0.01 minimum balance to earn the stated APY.
- BMO Alto – 5.10% APY: You don’t need to meet a minimum deposit requirement to open this account and there is no minimum balance requirement to earn the stated APY.
- Bask Bank – 5.10% APY: You don’t need to meet a minimum deposit requirement to open this account and there is no minimum balance requirement to earn the stated APY.
- EverBank – 5.05% APY: You don’t need to meet a minimum deposit requirement to open this account and there is no minimum balance requirement to earn the stated APY.
- Salem Five Direct – 5.01% APY: You must deposit at least $10 to open your account. Once your account is open, there is no minimum balance required to earn the stated APY.
- CIBC Bank – 5.01% APY: You must deposit at least $1,000 to open your account. Once your account is open, you’ll need to maintain a $0.01 minimum balance to earn the stated APY.
- LendingClub – 5.00% APY: You must deposit at least $100 to open your account. Once your account is open, there is no minimum balance required to earn the stated APY.
Open your high-yield savings account now to tap into these impressive returns.
The bottom line
When you save money in today’s inflationary environment, it’s important that you produce a strong return – one that’s higher than the current inflation rate. Today’s leading high-yield savings accounts make that possible. Open a high-yield savings account now to earn a higher return on your money.
A new Barbie has joined Mattel’s lineup of inclusive dolls. The first “Diwali doll” was announced by the toymaker on Friday, a few weeks shy of the Hindu holiday of Diwali, also known as the festival of lights.
The festival, which lasts for five days, is marked on Western calendars to begin on Nov. 1, but some celebrations start on Oct. 31.
The doll, created in collaboration with fashion designer Anita Dongre, features traditional elements including the lehenga skirt, floral print and golden shoes, according to Mattel’s website. The doll is available at major retailers for $40.
“The look is infused with beauty and symbolism to rejoice in victory of light over darkness with contemporary silhouettes,” the description reads for the Diwali doll.
Lalit Agarwal, country manager for Mattel India, said in a news release that through the Diwali doll, the brand is hoping to showcase “India’s vibrant cultural heritage on a global stage while continuing to celebrate the power and beauty of diversity.”
Earlier this year, Mattel announced the first-ever blind Barbie doll and a Black Barbie with Down syndrome.
In addition, to celebrate International Women’s Day on March 8 and Barbie’s 65th birthday on March 9, the doll brand announced it was adding new dolls to its Role Models collection, based on real-life singers and actresses from around the world. They’re not for sale – a one-of-a-kind doll was made for each of the honored women.
The dolls are meant to introduce “girls to remarkable women’s stories to show them you can be anything,” according to Mattel.
Hollywood actor Keanu Reeves made his professional auto racing debut on Saturday at the famed Indianapolis Motor Speedway.
“The Matrix” star, who qualified 31st out of 35 cars, ran as high as 21st before a single-car crash a little more than halfway through the 45-minute race briefly stopped him in his tracks.
Darron Cummings / AP
The 60-year-old spun into the grass without a collision on the exit of Turn 9 when he had about 21 minutes of racing left. He re-entered the course and continued driving, signaling he was uninjured.
Reeves finished 25th.
The actor is competing at Indianapolis in the Toyota GR Cup, a Toyota spec-racing series and a support series for this weekend’s Indy 8 Hour sports car event. He has a second race on Sunday.
Darron Cummings / AP
He is driving the No. 92 BRZRKR car, which is promoting his graphic novel “The Book of Elsewhere.” He is teammates with Cody Jones from “Dude Perfect.”
Reeves has previous racing experience as a former participant in the Toyota Grand Prix of Long Beach in the celebrity race. Reeves won the event in 2009.
A passenger successfully landed a small plane on Friday after the pilot had a medical emergency, the Federal Aviation Administration said.
The twin-engine Beechcraft King Air 90 was traveling from Henderson Executive Airport in Las Vegas, Nevada to Monterey Regional Airport in California, with a pilot and one other person on board, the FAA said.
The pilot suffered an unspecified medical emergency while flying, the FAA said, forcing the passenger to take the controls and make an emergency landing at Meadows Field Airport in Bakersfield, California.
The Kern Fire Department told CBS News affiliate KBAX that firefighters were called to a report of a medical emergency on the plane. The pilot was reported to be “incapacitated,” the fire department said. Firefighters saw the plane approach and land safely, then “chased” the plane down the runway in emergency vehicles to meet it.
The FAA did not release the passenger or pilot’s identities nor give an update on the pilot’s condition. The pilot was taken to an area hospital by ambulance. The passenger did not report any injuries.
The FAA and the National Transportation Security Board will investigate the incident, the FAA said.
