Yes, most banks allow you to directly deposit your paycheck into a savings account. In some cases, you may be able to split your earnings into two accounts: checking and savings. If you want to ...

High-yield savings accounts are paying up to 5.00% APY today on the cusp of another Fed rate cut -- compare the top rates ...

The highest APY available changes frequently. As of December 10, 2025, Digital Federal Credit Union offers 5.00% APY on the ...

Want to get paid for opening a new savings account? With these banks, you can. Here are the best bank bonuses available this ...

SoFi announced Tuesday that it's increasing the annual percentage yield (APY) of its checking and savings account for direct deposit members by 30 basis points (or 0.30%). The new 1.80% APY is much ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. SoFi offers its customers a hybrid savings and checking account with above-average ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

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E. Napoletano is a former registered financial advisor and award-winning author and journalist. Managing Editor, Global Data and Automation for Forbes Advisor. Mitch has more than a decade of ...

Direct depositing your paycheck into a bank account saves you time. You won’t need to worry about cashing a paper check or spending time visiting a financial institution to deposit your earnings.