Here are the best interest rates for November 2024:
Savings Account Interest Rates
Big Banks
- Chase Bank: 0.01%
- Bank of America: 0.01%
- Wells Fargo: 0.01%
Regional Banks
- Fifth Third Bank: 0.01%
- PNC Bank: 0.01%
- Arvest Bank: 0.25%
Online Banks
- Ally Bank: 4.00%
- Discover Bank: 4.00%
- Marcus by Goldman Sachs: 4.10%
- SoFi: 4.20%
Summary: Online banks offer the best savings rates, with SoFi at 4.20% and Marcus at 4.10%. Big and regional banks fall short, offering as low as 0.01%, except for Arvest Bank at 0.25%.
Checking Account Interest Rates
Big Banks
- Chase Bank: 0.01%
- Bank of America: 0.01%
- Wells Fargo: 0.01%
Regional Banks
- Fifth Third Bank: 0.01%
- PNC Bank: 0.01%
- Arvest Bank: 0.05%
Online Banks
- Ally Bank: 0.10% (up to 0.25% if daily balance exceeds $15,000)
- SoFi: 0.50%
Summary: For checking accounts, SoFi leads with 0.50% and Ally Bank provides up to 0.25%, outperforming big and regional banks at 0.01% and Arvest Bank slightly higher at 0.05%.
Certificate of Deposit (CD) Interest Rates
Big Banks
Chase Bank
- 3-Month CD Rate: 3.75%
- 6-Month CD Rate: 1.50%
- 9-Month CD Rate: 2.00%
- 12-Month CD Rate: 3.00%
Bank of America
- 3-Month CD Rate: 4.00%
- 7-Month CD Rate: 4.05%
- 10-Month CD Rate: 3.70%
- 13-Month CD Rate: 3.00%
Wells Fargo
- 3-Month CD Rate: 2.00%
- 6-Month CD Rate: 2.00%
- 12-Month CD Rate: 2.75%
Regional Banks
Fifth Third Bank
- 4-Month CD Rate: 4.00%
- 8-Month CD Rate: 3.50%
- 12-Month CD Rate: 3.00%
PNC Bank
- 4-Month CD Rate: 4.15%
- 7-Month CD Rate: 3.80%
- 13-Month CD Rate: 2.00%
Arvest Bank
- 6-Month CD Rate: 4.50%
- 12-Month CD Rate: 4.00%
Online Banks
Ally Bank
- 3-Month CD Rate: 3.00%
- 6-Month CD Rate: 4.30%
- 9-Month CD Rate: 4.20%
- 12-Month CD Rate: 4.10%
Discover Bank
- 3-Month CD Rate: 2.00%
- 6-Month CD Rate: 3.90%
- 9-Month CD Rate: 4.00%
- 12-Month CD Rate: 4.10%
Marcus by Goldman Sachs
- 6-Month CD Rate: 4.10%
- 9-Month CD Rate: 4.10%
- 12-Month CD Rate: 4.10%
Summary: Online banks have top CD rates, like Marcus at 4.20%. Regional banks are lower, but Arvest offers a standout 4.50% for 6-month CDs. Big banks show varied rates, with Bank of America reaching up to 4.20% for certain terms.
Brokerage Account Interest Rates
Webull
Earn 4.00% APY on your uninvested cash
Sign up for a Webull account here: https://a.webull.com/i/ClearValueTax
Robinhood
Earn 4.25% APY on your uninvested cash
Sign up for a Robinhood account here: https://robinhood.com/
Summary: Both Webull and Robinhood provide better rates than traditional savings and checking accounts, making them great choices for earning interest on uninvested cash while keeping those funds accessible for potential investments.
