Our quick take: The Laurel Road High Yield Savings Account combines a high APY with the convenience of online banking. Getty ImagesThe Laurel Road High Yield Savings Account is an FDIC-insured savings account that offers a competitive interest rate and no monthly fees. Further, the Laurel Road High Yield Savings Account has no minimum deposit requirement, making the high APY accessible to most US consumers. Advantages of the Laurel Road High Yield Savings AccountGetty ImagesThe primary advantage of the Laurel Road High Yield Savings Account is the high APY, with no minimum deposit required. Disadvantages of the Laurel Road High Yield Savings AccountLaurel Road makes it difficult to deposit cash into your savings account.

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Persons: Laurel Road’s Organizations: CNN, Laurel, Bask, CIT Bank Savings, Bank of America, Capital, Citi, Chase Locations: Laurel, KeyBank