Grow Your Savings More Than 8x Faster (You Can Start Today)
By GOBankingRates Staff
Most people have a savings account. But too many people keep their money in a savings account that isn’t growing their money as fast as it could be. As of Jan. 20, 2026, the national average interest rate on a savings account was just 0.39%.
Financially savvy people know to look for high-yield savings accounts with a competitive APY, like the Capital One 360 Performance Savings account, which pays 3.30% APY — more than eight times the national average. This lets you steadily grow your savings while still having easy access to your money — and without the risk of other investments.
Why It’s Savvy:
- High-yield savings accounts offer competitive APYs — usually much higher than the national average. This allows your money to earn more interest and compound over time. It’s a great balance between security and growth.
- You can access your money whenever you need to without penalties.
- Many savings accounts are FDIC-insured, which means your deposits are protected up to $250,000 in case of bank failure.
How You Can Use It:
- Look for online banks or credit unions that offer higher APYs, often well above the national average.
- Use your savings account for short- to medium-term goals, where you might need quick access to funds, like an emergency fund or saving for a vacation.
Want to start growing your savings more than eight times faster? It’s simple to get started with the Capital One 360 Performance Savings account and see how much you could earn.
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