Best High Yield Interest Savings Accounts

Banks are starting to realize there is a growing number of people who are saving money. US Bancorp announced that it has a deal where you receive $50 for depositing at least $1,000 and agree to set up a monthly automatic transfer from your checking account. Another sweet bonus on top of that is they will give you another $50 if you keep at least 1,000 in the account for 12 months. Basically, you are earning an easy 10% off of the original $1,000. Other banks are offering deals, but definitely not as good. Wells Fargo is offering 3% for their savings account up to a $150 amount.

If you are going to open a new savings account, you should take a look at what promotions there are for opening a new saving account. Obviously, not all promotions are going to be as good as the other. Now, not everyone is going to have 1,000 to open a savings account with US Bancorp, but if you do have that money to deposit, then that is a very good deal.

The number of bank promotions for savings accounts is most likely going to keep rising, since they are seeing an increase in the number of people who realize they need to save money. Instead of pushing loan products, they are starting to market their other products, mainly savings accounts.