There are so many banks out there its ridiculous all vying to take your money. Banks are able to make their money by taking YOUR deposits and lending to someone else via a form of a loan and charging interest to do so. As much as it pains me to say, banks are not here for you. They are here for the funds.
So in order to gain some of the profits the banks are making off of you, I suggest putting your money in high interest bearing account.
Traditional banks such as Bank of America, Chase, Wells Fargo etc who all have actual branches don’t typically pay high in interest due to their expensive overhead. They gotta pay the tellers, branch managers etc. Going with an online bank allows for more money to be given bank to the customers. They don’t have high over head like traditional banks. So with that being said below are links of some of the high paying online banks and their current APY.


