Experian Makes Saving Even Smarter With New High Yield Digital Savings Account

Expanding its resources to empower consumers to save and manage their financial health, Experian announces the launch of the high-yield Experian Smart Money Digital Savings Account designed to help consumers earn faster with variable Annual Percentage Yields (APYs) up to 4.00%, nearly 10 times the national average savings rateⁱⁱⁱ. At a time when inflation remains stubborn, Experian members can benefit not only from competitive APY rates but also no minimum deposit or direct deposit requirement.

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Helping consumers earn and save faster

Built into the Experian memberships, the high-yield Experian Smart Money Digital Savings Account allows members to enjoy the benefit of competitive interest rates that compound daily helping even small balances grow more quickly. For those building up emergency savings or managing a budget while looking to grow their wealth at the same time, the Experian Smart Money Accounts can help Experian members reach their goals throughout their financial journey.

In fact, saving more is consumers’ top New Year’s resolution, according to Experian research—making the new Round Up^iv feature a valuable tool as well. Experian members with both an Experian Smart Money Digital Checking Account and Digital Savings Account, along with an eligible paid membership can take advantage of having their debit card purchases from the Experian Smart Money Digital Checking Account rounded up to the nearest dollar. The spare change is transferred to the member’s Experian Smart Money Digital Savings Account for automated savings, making every purchase a driver for growth.

“We know saving is imperative for many people and this will help make it effortless so they can reach their goals faster,” said Sean Healey, General Manager of Digital Products, Experian Consumer Services at Experian. “Experian is committed to giving people smarter ways to manage their money as their financial co-pilot, and now they have even more opportunities to build a financial cushion.”

An Experian membership also delivers access to an Experian credit report, auto insurance comparison shopping service, credit card marketplace, dark web monitoring, credit monitoring, and more. In addition, an AI-powered virtual assistant is available 24/7 that can provide personalized educational information and tools for money management based on a member’s Experian credit profile.

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