1. Online Banks Are Where the Real Interest Lives

Traditional banks are giving you… what? 0.01% interest? That’s basically a joke. Online banks like Ally, SoFi, and Marcus are offering 4.00% APY and up—40x what the big-name banks give. These high-yield savings accounts (HYSAs) are FDIC-insured, easy to access, and come with no monthly fees. It’s free money for doing absolutely nothing but parking your cash in the right place.

2. Credit Unions and Fintechs Are Playing Hard to Win You Over

Smaller financial institutions and upstart apps like Varo, Upgrade, and CIT Bank often offer aggressive APYs to compete with the big boys.