CNBC Select recommends high-yield savings accounts for Americans living paycheck to paycheck
Updated
Updated · CNBC · Apr 28
CNBC Select recommends high-yield savings accounts for Americans living paycheck to paycheck
3 articles · Updated · CNBC · Apr 28
An April CNBC affordability survey found 59% of Americans and 74% of millennials live paycheck to paycheck.
The article highlights accounts from Western Alliance Bank, American Express, SoFi, Varo and Axos, citing low or no minimum deposits, no monthly fees and APYs ranging from 3.20% to 5.00%.
CNBC Select says such accounts can help small balances grow faster than traditional savings while preserving access to cash, with some options also offering early direct deposit, automated saving tools and ATM access.
With credit card debt soaring, is chasing a high-yield savings account the right financial move for you?
As Fed rate cuts loom, how can you lock in today’s high savings yields before they vanish?