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 ...

Top high-yield savings accounts still pay up to 5.00% APY, but another Fed rate cut is on the horizon. Act fast to snag a top ...

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.