Savings account interest rates are high right now — and some accounts even offer APYs above 6% currently.
: Digital Federal Credit Union and Mango.The Digital Federal Credit Union Primary Savings account offers an extremely high APY of 6.17% on your money — but there's a big catch. That standout rate is only paid on balances up to $1,000, so you'll only earn it on the first $1,000 in your account.
The interest rate you'll earn on the remaining balance ranges between 0.15% and 6.17%. And unless you're earning a rate over 5% on the rest of your money, you may be better off depositing it into a high-yield account that offers a much larger APY. You'll also have to qualify for DCU membership in order to open an account with the credit union.If you're a Mango Prepaid Mastercard holder, you may also have the option to earn up to a 6.00% APY on your savings.
If you earn that 6.00% rate on the maximum balance, though, you'll end up with $150 in interest at the one-year mark. But any balance over $2,500 will only earn a 0.10% APY and there's a $5,000 cap — which is a much lower rate than you'd get with even a regular savings account.
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