High Yield Savings Account – Interest Rates Over 4% on Your Money in January

Finding a high yield savings account is something that many Americans are looking for so they can see gains on the money they have earned. If you are looking for interest rates over 4% then you might be in luck in the month of January. There are several community banks scattered throughout the United States that are currently offering yields higher than 4% on a savings or checking account.


Before you get excited and think that your local bank will give you an interest rate this high it is important that you understand that not all banks are making offers like this. You are going to have to do your research and find out which community banks are making these offers. It is also important to know that you must live in a specific area to have access to these high interest rates.

By doing some google searches online for high yield local community bank rates you will be able to find some unheard of deals. Some of these community banks are offering yields above 5%. If you can get an interest rate over 5% on the money you earn then you could see it grow very quickly. Compounding an interest rate of 5% year after year will give you a significant amount of growth over the coming years.

Most of these local community banks mandate that you use an ATM or debit card at least 10 times a month. You are also likely to find that you must have some type of electronic transfer (ACH) into the account at least once a month. If you do not meet these requirements you are going to see an interest rate closer to the national average around 1%. It is not hard to meet these requirements if you stay focused.

By starting a savings or checking account that gets a yield of 4% or higher could help you to build your wealth over the next few years and decades. Seeing a high interest on your money could help you to meet your financial goals much more quickly than if you received no interest at all.

Author: Mike Garner