Maximize Savings with Top APY Cash Management Rates
Real-World Examples and Data
As of 2023, some online banks and fintech companies are offering APYs as high as 4.00% on cash management accounts, significantly higher than the national average for traditional savings accounts, which hovers around 0.30%1. For instance, Wealthfront and Betterment are known for providing competitive APYs along with innovative financial tools that help users manage their savings more effectively23.