Supercharge Your Savings: Earn a Leading 5.26% APY With This Top High Yield Savings Account (2024)

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Last updated Oct. 30, 2023 | By FinanceBuzz Editors

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What we like about CloudBank 24/7 High Yield Savings account

If you are keeping your cash in a traditional savings account, you could be missing out on hundreds, even thousands of dollars in practically passive income. CloudBank 24/7 High Yield Savings account offers a leading 5.26% APY² — compared to the national average APY of 0.47% (as of Feb. 8, 2024).

To put it another way, in a traditional savings account with the national average APY, a $50,000 deposit would only earn $1,138 with daily compounding interest in 5 years. With CloudBank 24/7 High Yield Savings account, that same $50,000 deposit could yield $15,040 with daily compounding interest in the same time frame. That’s a difference of $13,902!³

	Traditional bank with 0.47% (as of Feb. 8, 2024)APY	CloudBank 24/7 with5.26%APY	Difference in savings
Initial balance	$50,000	$50,000	$0
One year balance	$50,231	$52,700	$2,474
Five year balance	$51,163	$65,040	$13,902

More benefits and perks

No monthly account fees:CloudBank 24/7 offers a simple way to grow your savings that includes no monthly account fees!
$1 minimum deposit:While other banks require a high balance to unlock their best APY, with CloudBank 24/7, you can open an account with as little as $1. But with a 5.26% APY, the more money you add, the more you can earn.
Faster interest earning: Some accounts only compound interest monthly, but with CloudBank 24/7 High Yield Savings account, interest is compounded daily and credited monthly.
Easy, online access: Forget waiting in line at the bank — enjoy seamless 24/7 access to your funds online that are secured with the latest cybersecurity technology.
FDIC Insured: Your funds are federally insured up to $250,000 by the FDIC through Third Coast Bank SBB.
Click here to open a CloudBank 24/7 online savings account

Who this account is best for?

CloudBank 24/7 High Yield Savings account is a great choice for anyone who:

Wants a seamless online experience:You can open an account securely online in just minutes and access your funds 24/7. Your money and personal information are protected by a number of cybersecurity measures.
Is looking to supercharge their savings:With an impressive 5.26% APY, you can easily grow your funds without having to tie it up in investments or worry about market volatility.
Has liquid assets sitting in a low, or worse, no interest-earning account:If you keep most of your cash in a checking account or a traditional savings account, you could be missing out on hundreds, even thousands of dollars in nearly passive income.
Prioritizes excellent customer service:Forget about waiting on hold for hours — you can access a supportive, responsive customer service team based in New York, NY, whenever you need!

Bottom Line

The CloudBank 24/7 high-yield savings account is the savings account you need to know about. At least, if you’re looking for one of the best “bang-for-your-buck” high-yield savings accounts out there. CloudBank 24/7 offers one of the highest APYs² on the market, plus many other valuable benefits:

Earn a High APY: With CloudBank 24/7, you get one of the highest-yield savings accounts on the market.

Supercharge Your Savings: With CloudBank 24/7, interest is compounded daily and posted to your account monthly. As you put money into this high-yield savings account, you’re able to “supercharge” your savings and let your money grow.

Trusted Banking: CloudBank 24/7 is a trusted, financial institution with experienced bankers who put you first.

24/7/365 Access: You won’t be limited to when or where you can access your funds. Enjoy 24/7 online access to your account whenever and wherever you need it.

FDIC Insured: CloudBank 24/7 is FDIC insured through Third Coast Bank SBB, there are no fees, and the minimum deposit is $1.

Click here to open your high-yield savings account

CloudBank 24/7 High Yield Savings Account Benefits

Incredible 5.26% APY² to boost your savings
Interest is compounded daily and posted to your account monthly
Enjoy 24/7 online access to your account and funds
FDIC insured through Third Coast Bank SSB, no fees, $1 minimum deposit

Open an account with CloudBank 24/7 here