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1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteOn July 16, 2024, AOL Finance reported savings offers of up to 5.50% APY at Poppy Bank, with a $1,000 minimum deposit, and up to 5.30% APY with no minimums at several providers. These are historical figures, not rates readers should assume are available now. AOL said it captured the rates at 8:10 a.m. ET and cautioned that offers could vary by region and change.
What the July 16, 2024 roundup reported
AOL Finance’s dated roundup listed the following figures. The available record does not include archived official disclosures for the named accounts, so treat them as reported offers rather than independently verified account terms.
| Reported figure | What AOL Finance said |
|---|---|
| Up to 5.50% APY | Poppy Bank; $1,000 minimum deposit. |
| Up to 5.30% APY | No minimums; listed for Western Alliance, Jenius Bank, Bank Bank and other providers. |
| 0.46% | National average savings rate reported by AOL Finance. |
Read AOL Finance’s July 16, 2024 roundup. The article said its rates were captured at 8:10 a.m. ET; it did not establish that those offers remain open or that every customer could qualify for the maximum APY.
Why a top advertised APY may not be your rate
“Up to” rates can depend on eligibility, balance tiers, location, or promotional terms. Before comparing offers, find the APY that applies to your deposit and circumstances—not just the largest number in a headline.
#1 Best Overall
- Achievable yield: Check whether the stated APY applies to your balance and whether conditions or a promotion affect it.
- Costs and minimums: Confirm the opening deposit, ongoing balance requirements, and any monthly fees.
- Access: Review transfer timing, withdrawal policies, transaction limits, and linked-account requirements.
- Account structure: Establish whether the product is a savings account, money market account, or cash-management arrangement.
- Deposit insurance: Identify the legal bank or credit union holding the deposit and read its account disclosures. A brand or app name alone does not establish which institution provides coverage.
AOL’s roundup discussed FDIC or NCUA coverage, but the archived terms for each named offer are not established here. Verify insurance and account ownership for the specific product rather than assuming every product mentioned has the same structure.
Are 5% savings rates still available?
The July 2024 figures cannot answer what banks offer now. Rates change, and the dated roundup itself warned that promotional terms and regional availability can vary. A current comparison requires checking each institution’s official rate and account-terms pages on the day you apply; this historical snapshot does not establish a current winner.
Rank #2
What to know about withdrawal limits
The roundup noted that the former federal six-withdrawal limit had been suspended and that many banks no longer restricted withdrawal frequency. That does not establish the rules at any particular bank today. Check the current account agreement for transaction limits, fees, and other withdrawal conditions.
Quick Recap
Best Value
Rank #4
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
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