With recent interest rate cuts from the Federal Reserve, Americans have seen many savings account rates fall. Now, the national average APY for savings accounts ranges between 0.39% to 0.42%, according to the FDIC.

This savings account earns a competitive rate and does not charge monthly fees. However, it requires a minimum opening balance of $500. You can access banking features, including checking your balance and initiating online transfers, via the Openbank ...