A major milestone to financial freedom within the military community is building up an emergency savings account. The next one is saving for big purchases (like a home, car, etc). While we love some of our military focused banks and credit unions, their savings interest rates are abysmal. That’s why most financially savvy military families use a high yield savings account.
Savers are rewarded handsomely when the Federal Reserve raises interest rates. For years since the 2008 financial crisis, rates were incredibly low. Not anymore. Here are some of the top high interest savings accounts available today.