Online banks are well-known for offering savers higher payouts with fewer caveats, and CFG Bank continues that pattern for the most part. You can earn a high rate of interest; however, the account requires a $1,000 minimum deposit. To earn the highest possible rate, you’ll need to have a $25,000 balance, so the account is best for savers with a lot of cash to commit.
Note: You won’t find this product advertised on the bank’s website. A Bankrate representative called the bank to find out the above details.
Good interest rates.
No monthly fees.