If you’re looking to grow your money while keeping it accessible and secure in New Hampshire, high-yield savings accounts are a great option. They help you earn more interest than regular accounts. Many banks and platforms offer such accounts in this state. Read this blog to know all about high-yield savings account in New Hampshire.
10 High-Yield Savings Account in New Hampshire
Let’s explore the top 10 high-yield savings accounts in New Hampshire.
Beem
Beem offers a range of financial services. While it does not offer a high-yield savings account, it provides a platform for checking offers from various banks and lenders. It offers competitive interest rates and a user-friendly interface. Beem eliminates unnecessary fees, ensuring your money grows seamlessly.
| APY Rate | Monthly Fees | Pros | Cons |
| Up to 5.00%, which is among the highest in the market. | Nil. | Access to accounts with a 5.00% APY. Keep all the interest you earn. FDIC-Insured – Savings insured up to $5,000,000. | Online-only service. It doesn’t offer its accounts. |
Bank of New Hampshire
Bank of New Hampshire offers a range of financial services, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgages, and credit cards to the locals. It provides both physical and online banking options.
| APY Rate | Monthly Fees | Pros | Cons |
| 0.01%. | Nil. | Enjoy banking without monthly fees. Offers a wide range of financial products. Access to service representatives at physical locations. | Few physical locations. Interest rates are less competitive compared to other banks. |
Franklin Savings Bank
Franklin Savings Bank stands out for its diverse array of financial services, including savings accounts, checking accounts, loans, and investment opportunities. With a strong focus on safety and personalized banking experiences, Franklin Savings Bank ensures that customers receive tailored solutions to meet their unique financial needs and goals.
| APY Rate | Monthly Fees | Pros | Cons |
| 4.05%. | Nil. | Earn a competitive 4.05% interest rate. Enjoy your savings without monthly charges. Consistently ranked as one of the safest banks. | Requires a minimum deposit to earn the APY. Services mainly available in New Hampshire. The interest rate may change at any time. |
USAA Bank
USAA Bank is designed for military members and their families. It offers convenient banking options with no monthly fees. With online banking, mobile tools, and broad ATM access, USAA ensures members can manage their finances from almost anywhere.
| APY Rate | Monthly Fees | Pros | Cons |
| 0.01%. | Nil. | No monthly fee checking and savings accounts. Generous ATM fee reimbursements. Accessible mobile app. | Only five branches in the U.S. Not available to those unaffiliated with the military. Higher APYs available at other banks. |
Fifth Third Bank
Fifth Third Bank, headquartered in Cincinnati, Ohio, is one of the largest financial institutions in the U.S., dating to 1858. It offers a suite of banking products and services, including checking and savings accounts, loans, mortgages, investment management, and wealth planning.
| APY Rate | Monthly Fees | Pros | Cons |
| 0.01% to 5.00%. | Nil. | Large fee-free ATM network. No minimum opening deposits. No monthly fees for certain checking accounts. Highly rated mobile app. Good range of products and services. | Low-interest rates except on promotional CDs. High monthly maintenance fees compared to competitors. Limited to residents within Fifth Third’s 11-state footprint. |
Truist Bank
Truist Bank, formed by the 2019 merger of BB&T and SunTrust, offers a range of savings account products. While savings account rates are relatively low, Truist Money Market Accounts (MMAs) and CDs offer more competitive rates.
| APY Rate | Monthly Fees | Pros | Cons |
| 4.50%. | $12 or $0, with options to waive the fee. | Low minimum deposit requirements. No overdraft fees. No monthly maintenance fees on certain accounts. | Interest rates are relatively low. Truist One Savings account has a monthly maintenance fee. Limited to six withdrawals each month |
Busey Bank
Busey Bank has been assisting consumers with their financial goals for over 150 years. Their “Big Change” benefit allows transactions made with a debit card to be rounded up to the nearest dollar, automatically transferring extra change to the savings account.
| APY Rate | Monthly Fees | Pros | Cons |
| .48%, with a minimum deposit requirement of $100. | $3, which can be waived by maintaining a daily minimum balance of $300. | No minimum amount is required to earn interest. No monthly maintenance fee if a $300 minimum balance is maintained. Six free withdrawals per month. Debit MasterCard can be used at any ATM. | $10 charge for seven or more withdrawals. $3 monthly maintenance fee if the balance drops below $300. |
WSFS BANK
WSFS offers tiered interest rates on savings accounts, enabling you to increase the interest earned as you save more. Their robust mobile app assists customers in managing their accounts and growing their money. However, a minimum opening deposit of $100 is required.
| APY Rate | Monthly Fees | Pros | Cons |
| 4.25% on balances of $100,000 or more. | Depends on account type. Maintain a minimum daily balance of $10,000 per statement period to waive a $15 monthly fee. | Overdraft protection available. Mobile app facilitates easy account management. Customers with a checking account can set up automatic savings. | $5 monthly maintenance fee. High minimum opening deposit of $100. |
Holy Rosary Credit Union
Holy Rosary Credit Union membership is open to anyone who works, lives, attends school, or worships in New Hampshire. With a savings account, members can conveniently access their funds through the credit union’s extensive network of ATMs, as well as online and mobile banking platforms.
| APY Rate | Monthly Fees | Pros | Cons |
| 0.05%. | Nil. | No monthly maintenance fees. Low minimum balance requirement of $5.00. Interest paid at the end of every month. | Limit of six electronic withdrawals per month. Interest rates may not be as competitive as other banks. |
One Credit Union
One Credit Union has been serving customers since 1952. They offer a high-yield savings account that allows members to earn higher interest rates as they save more. The tiered rate applies to the entire balance in the account, ensuring maximum benefit for savers.
| APY Rate | Monthly Fees | Pros | Cons |
| 0.15%. | Nil. | Automatic savings plan available for checking account holders. Online resources for financial goal setting and maximizing savings. No minimum opening balance is required. | Membership is limited to residents or workers in specific areas. Limited branch locations for in-person banking. |
Conclusion
High-yield savings accounts are an intelligent choice for maximizing your money in New Hampshire. They’re a reliable way to boost your savings over time. Opt for an account that serves your needs and take a step towards financial success. Explore the Beem app to compare the latest and best high-yield savings accounts that align with your goals and priorities.
Read Related Article: High-yield savings account in Minnesota.
FAQs
How do I open a high-yield savings account in New Hampshire?
To open a high-yield savings account in New Hampshire, visit the bank’s website or branch, fill out an application form, provide necessary identification and funding information, and follow any additional steps outlined by the bank. Using Beem, you can open one such account in a hassle-free manner.
Are high-yield savings accounts in New Hampshire insured?
Yes, high-yield savings accounts in New Hampshire are insured. They are typically covered by the Federal Deposit Insurance Corporation or the National Credit Union Administration up to the maximum allowable limit, providing protection for depositors in case of bank or credit union failure.
What are the minimum balance requirements for high-yield savings accounts in New Hampshire?
Minimum balance requirements for high-yield savings accounts in New Hampshire vary depending on the bank and account type. Some accounts may have no minimum balance requirement, while others may require a certain amount to earn the advertised APY.
