I'll go over the best high-yield savings accounts of 2020. Learn more about CIT Bank:
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The best high-yield savings accounts go to 4 specific banks. Each of these banks offer checking accounts, they're FDIC insured and they're availabale to everyone in the United States.
CIT Bank:
Capital One:
Discover:
Ally Bank:
The first bank on my list goes to Ally bank because of their amazing savings account rates as well as their rates on checking accounts. Because of their rates on both savings and checking accounts, they earned a spot on this list.
Next up is Discover because they've got an amazing savings rate and they advertise heavily that they don't charge any fees on their savings or checking accounts. Their checking account also offers a debit card that currently pays out 1% cash back (up to $3,000 in purchases per month), which is incredible.
Capital One also earned a spot because of their competitive savings rate and their competitive checking account rates as well. They offer so many great financial products and they've got physical locations/branches throughout the country as well.
My number #1 pick goes to CIT Bank (don't get that confused with Citi). CIT is the best pick from these banks if you go off interest rates alone, because they currently offer the best rates. CIT also doesn't charge any monthly service fees which is very nice as well.
The next
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