Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (2024)

Money Banking

Article updated on Feb 28, 2024

No bank? No problem. You can still build your savings with this peer-to-peer transfer app’s new account.

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Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (1)Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (2)Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (3)

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Toni Husbands is a staff writer with CNET Money who enjoys exploring topics that promote financial wellness. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book, The Great Debt Dump. Previously, she contributed as a freelance writer for websites, including CreditCards.com, Centsai and Wisebread. She was also a regular contributor to Business AM TV, and her work has been featured on Yahoo News. Being a part-time real estate investor and amateur gardener also brings her joy.

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Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (5)

Kelly Ernst

Editor

Kelly is an editor for CNET Money focusing on banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. She is passionate about arming consumers with the tools they need to take control of their financial lives. In her free time, she enjoys binging podcasts, scouring thrift stores for unique home décor and spoiling the heck out of her dogs.

See full bio ,

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (6)

Courtney Johnston

Senior Editor

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. A New Jersey native, she graduated with an M.A. in English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

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CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

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Our Experts

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (7)Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (8)Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (9)

Written by

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (10)

Toni Husbands

Staff Writer

Toni Husbands is a staff writer with CNET Money who enjoys exploring topics that promote financial wellness. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book, The Great Debt Dump. Previously, she contributed as a freelance writer for websites, including CreditCards.com, Centsai and Wisebread. She was also a regular contributor to Business AM TV, and her work has been featured on Yahoo News. Being a part-time real estate investor and amateur gardener also brings her joy.

See full bio

Edited by

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (11)

Kelly Ernst

Editor

Kelly is an editor for CNET Money focusing on banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. She is passionate about arming consumers with the tools they need to take control of their financial lives. In her free time, she enjoys binging podcasts, scouring thrift stores for unique home décor and spoiling the heck out of her dogs.

See full bio ,

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (12)

Courtney Johnston

Senior Editor

Courtney Johnston is a senior editor leading the CNET Money team. Passionate about financial literacy and inclusion, she has a decade of experience as a freelance journalist covering policy, financial news, real estate and investing. A New Jersey native, she graduated with an M.A. in English Literature and Professional Writing from the University of Indianapolis, where she also worked as a graduate writing instructor.

See full bio

CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Why You Can Trust CNET Money

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (13)

Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (14)

Written by

Toni Husbands

Staff Writer

Read more from Toni

Toni Husbands is a staff writer with CNET Money who enjoys exploring topics that promote financial wellness. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book, The Great Debt Dump. Previously, she contributed as a freelance writer for websites, including CreditCards.com, Centsai and Wisebread. She was also a regular contributor to Business AM TV, and her work has been featured on Yahoo News. Being a part-time real estate investor and amateur gardener also brings her joy.

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CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and links appear on our site.

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Writers and editors and produce editorial content with the objective to provide accurate and unbiased information. A separate team is responsible for placing paid links and advertisem*nts, creating a firewall between our affiliate partners and our editorial team. Our editorial team does not receive direct compensation from advertisers.

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Cash App's New High-Yield Savings Account Rivals Apple's. But Neither Offers the Best Return on Your Money (2024)
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