Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here.
This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.
& Savings Accounts
The best savings accounts: What savers should knowChoosing a savings account can seem like a pretty mundane task, but often it is one of the first and longest-lasting financial decisions a person makes. So, before you simply walk into the nearest bank branch and settle for what they happen to be offering, it&s helpful to know a little about your options.
After all, you would probably do a little research before shopping for a car, and over time you are likely to put more money into your savings account than into your car. So choosing a new savings account is not a decision you should make randomly.
Article continues below table.
&Account Type
Savings Accounts
Money Market Accounts
Certificates of Deposit
Interest Checking
$10,000 to $24,999
$25,000 to $49,999
$50,000 to $99,999
$100,000+ (Jumbo)
Update Results
Type: Savings
Minimum to earn APY $0
Type: Savings
Minimum to earn APY $0
Ultima Bank
Minimum to earn APY $0
Type: Savings
Dollar Bank Federal Savings Bank
Minimum to earn APY $0
Type: Savings
Salem Five Direct
Minimum to earn APY $0
Type: Savings
GE Capital Bank
Minimum to earn APY $1
Type: Savings
SFGI Direct
Minimum to earn APY $1
Type: Savings
Minimum to earn APY $0
Type: Savings
iGOBanking
Minimum to earn APY $0
Type: Savings
Biscayne Bank
Minimum to earn APY $1
Type: Savings
ableBanking
Minimum to earn APY $0
Minimum to earn APY $25,000
Type: Savings
Minimum to earn APY $0
Type: Savings
Coulee Bank
Minimum to earn APY $0
Type: Savings
Minimum to earn APY $0
Type: Savings
Minimum to earn APY $0
Type: Savings
UFB Direct
Minimum to earn APY $25,000
Type: Savings
Ultima Bank
Minimum to earn APY $1,000
Type: Savings
Discover Bank
Minimum to earn APY $0
Type: Savings
iGOBanking
Minimum to earn APY $25,000
Sallie Mae Bank
Minimum to earn APY $0
Santander Bank
Minimum to earn APY $10,000
Minimum to earn APY $25,000
EH National Bank
Minimum to earn APY $250,000
Radius Bank
Minimum to earn APY $2,500
Type: Savings
Minimum to earn APY $0
Colorado Federal Savings Bank
Minimum to earn APY $2,500
Type: Savings
Mutual of Omaha Bank
Minimum to earn APY $5,000
First Internet Bank
Minimum to earn APY $0
AmTrust Direct
Minimum to earn APY $5,000
Discover Bank
Minimum to earn APY $100,000
Sallie Mae Bank
Minimum to earn APY $0
Type: Savings
EH National Bank
Minimum to earn APY $10,000
MyBankingDirect
Minimum to earn APY $5,000
TIAA Direct
Minimum to earn APY $0
TIAA Direct
Minimum to earn APY $10,000
Type: Savings
TIAA Direct
Minimum to earn APY $25,000
Type: Savings
TIAA Direct
Minimum to earn APY $50,000
Type: Savings
TIAA Direct
Minimum to earn APY $0
Type: Savings
TIAA Direct
Minimum to earn APY $10,000
TIAA Direct
Minimum to earn APY $25,000
TIAA Direct
Minimum to earn APY $50,000
Discover Bank
Minimum to earn APY $10,000
Union Federal Savings Bank
Minimum to earn APY $1
Bank of Internet
Minimum to earn APY $1
Minimum to earn APY $0
Type: Savings
FNBO Direct
Minimum to earn APY $0
Type: Savings
Discover Bank
Minimum to earn APY $50,000
Discover Bank
Minimum to earn APY $2,500
Discover Bank
Minimum to earn APY $5,000
Workers' Credit Union
Minimum to earn APY $50
Type: Savings
Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit union deposits are insured by the FDIC or NCUA.
Contact the bank for the terms and conditions that may apply to you.
Rates are subject to change without notice and may not be the same at all branches.
As you can see in the table above,
regularly monitors rates from more than 200 banks to highlight the best savings account rates. But as important as rates are & they are likely to be one of the central factors in your choice of bank & they are still only one component of a savings account.
To understand what else you might need from your savings account, it&s important to understand what part savings accounts should play in your finances.
Where savings accounts fit
A savings account should play an intermediate role between a
that you might access on a daily basis, and a long-term retirement account, which you shouldn't touch for many years. The following are some examples of how this intermediate role can come into play:
Getting started with savings
Saving for emergencies
Saving for large purchases
What makes a savings account suited to these uses is that it can pay higher interest than a checking account because you won't be drawing from it as regularly, but at the same time, it will allow you ready access to the money when it&s needed. Remembering the role of a savings account is important when evaluating the facets of a prospective savings account.
Evaluating a high-interest savings account
You might find savings accounts with attractive yields either online or through your local bank branch. Naturally, the idea of a high-interest savings account sounds good, but here are some things you should check on before you open one:
The legitimacy of the institution.
The extent of FDIC coverage. Make sure the institution is covered, and if you qualify for a high-yield savings account because you are making a very large deposit, make sure it does not put you over the limit for FDIC coverage, which is currently $250,000 per depositor, per institution.
Any restrictions on your access to the money. A high-interest savings account may limit how often you can access your money. If you can live with those limitations, take advantage of that strong yield. But if not, look for a savings account that offers looser restrictions.
Some savings accounts also offer the option for an ATM card. This may sound like a nice perk, but before you opt for one, ask a couple of questions:
If this account is for savings, is having easier access to it going to hurt your savings habits?
Are you sacrificing a higher interest rate for the ATM card? If so, you might be better off with a conventional checking account for your short-term funds, while finding a high-interest savings account or
for your longer-term savings.
Evaluating your savings account options should start with understanding how you intend to use the account, and based on that, what features are most important.&Best money market and savings account rates found by users like you Have you been able to find even better money market and savings rates than the ones displayed above? If yes, please share them with us and other MoneyRates users! Please include the details: the name of the bank, term of the account, when you opened the account, and whether the account can be opened online or only in the branch (if the latter, please include the location of the branch). Thank you!
Select One
1st Bank of Sea Isle City
Alliance Bank (alliancebank.us)
AloStar Bank of Commerce
Amalgamated Bank
Amboy Direct
Amegy Bank of Texas
American Bank of Texas
American Express
American Plus Bank
American Savings Bank
American State Bank and Trust Company
Arvest Bank
Aspire Federal Credit Union
Astoria Bank
Bank Gloucester
Bank of America (Rate in CA)
Bank of America (Rate in IL)
Bank of America (Rate in NY)
Bank of Botetourt
Bank of Charles Town
Bank of Hawaii
Bank of Internet
Bank of Oklahoma
Bank of the West
BankDirect
BankNewport
BBVA Compass (Rate in AL)
BBVA Compass (Rate in CA)
BCB Community Bank
Beal Bank, USA
Bellevue State Bank
Beneficial Bank
Biscayne Bank
Blue Ridge Bank
BMO Harris Bank
Boiling Springs Savings Bank
Branch Banking and Trust
Bremer Bank
Bryn Mawr Trust
California Bank and Trust
California First National Bank
Capital One 360
Capital One Bank (Rate in NY)
Carthage Savings and Loan Association
Cashmere Valley Bank
Cathay Bank
Central Bank ()
Central Bank Illinois
Central Pacific Bank
Century Bank Direct
Charles Schwab Bank
Chase (Rate in NY)
Chemical Bank
Chemung Canal Trust Company
Chesapeake Bank
Citizens and Northern Bank
Citizens Bank (Rate in NY)
Citizens Federal Savings and Loan Association
Citizens First Bank
Citizens First Bank ()
Citizens Savings Bank
Citizens State Bank Norwood Young America
City National Bank
Coleman County State Bank
Colorado Federal Savings Bank
Columbia Bank
Columbia Bank ()
Comerica Bank (Rate in CA)
Commerce Bank (Rate in IL)
Commercial Bank
Commercial Bank and Trust of Pennsylvania
Commonwealth Community Bank
Community Bank ()
Community Bank of Trenton
Community Bank, NA
CoreFirst Bank and Trust
Cornhusker Bank
Coulee Bank
Country Bank
Crossroads Bank ()
Dedham Savings
Discover Bank
Dollar Bank Federal Savings Bank
Dollar Savings Direct
Doral Bank
East Boston Savings Bank
Eastern Bank
EH National Bank
Emigrant Direct
Farmington Bank
Fifth Third Bank
First Bank of Colorado (Rate in CO)
First Bank of Missouri
First County Bank
First Federal Savings and Loan Association of Lakewood
First Federal Savings Bank of Elizabethtown
First Hawaiian Bank
First Internet Bank
First Mariner Bank
First Midwest Bank
First National Bank of Groton
First National Bank Omaha
First National Bank Texas
First National Community Bank (FNCB)
First Niagara
First Republic Bank
First Savings Bank Northwest
First United Bank
First United Bank and Trust
FirstMerit Bank
Flagstar Bank
FNBO Direct
Fox Chase Bank (Rate in PA)
Franklin Synergy Bank
Frost Bank
Gate City Bank
GE Capital Bank
Genesee Regional Bank
Gerber State Bank
Glenview State Bank
Goldwater Bank
Greenleaf Wayside Bank
Happy State Bank
Haskell National Bank
Heartland Bank Direct
Heritage Bank ()
Heritage Bank ()
Hopkins Federal Savings Bank
HSBC Advance
Hudson City (Rate in CT)
Hudson City (Rate in NJ)
Hudson City (Rate in NY)
iGOBanking
Inland Bank and Trust
Institution for Savings
Intervest National Bank
Intrust Bank
Investors Bank
Kearny Federal Savings Bank
KeyBank (Rate in NY)
KeyBank (Rate in OH)
Kirkpatrick Bank
Kirkwood Bank and Trust
Lee County Bank and Trust, NA
Liberty Bank ()
Lytle State Bank
M and T Bank (Rate in NY)
Mansfield Bank
MB Financial (Rate in IL)
Mechanics Bank
Merchants Bank ()
Middlesex Savings Bank
MidFirst Bank
Monroe Bank and Trust
Monument Bank
MySavingsDirect
National Bank of Arizona
National Exchange Bank and Trust
Nationwide Bank
North American Savings Bank
North Middlesex Savings Bank
Northrim Bank
NorthSide Bank
Northwest Savings Bank
OneWest Bank
Pacific Continental Bank
Peoples Bank ()
PeoplesBank ()
Plains Capital Bank
PNC Bank (Rate in NY)
Poplar Grove State Bank
Popular Community Bank
Presidential Bank
Provident Bank ()
Rabobank America
Radius Bank
Raymond James Bank
Regions Bank
Ridgewood Bank
River Valley Financial Bank
Rockland Trust
S and T Bank
Salem Five Direct
Sallie Mae Bank
Sandy Spring Bank
Savers Bank
Savings Square
SFGI Direct
Simsbury Bank
Solvay Bank
South LaFourche Bank
Southern Bank and Trust Company
Standing Stone National Bank
State Farm Bank (Rate in NY)
Stearns Bank National Association
Sun National Bank
SunTrust Bank
Superior Savings Bank
Susquehanna Bank
Synchrony Bank
TCF Bank (Rate in MN)
TD Bank (Rate in NY)
Texas Capital Bank
The Adirondack Trust Company
The Antwerp Exchange Bank
The Baldwin State Bank
The Bancorp Bank
The Bank of Castile
The Cecilian Bank
The Dime Savings Bank
The First Bank and Trust Company of Murphysboro
The First Central National Bank
The Halstead Bank
The Huntington National Bank (Rate in OH)
The National Bank of Blacksburg
The Needham Bank
TheBANK of Edwardsville
Think Mutual Bank
Third Federal Savings and Loan
TIAA Direct
Tompkins Trust Company
Tri City National Bank
Trustco Bank
Ultima Bank
Union Bank
UnionState Bank
United Bank
United Valley Bank
US Bank (Rate in CA)
US Bank (Rate in IL)
Viking Savings Bank
Villa Grove State Bank
VisionBank
Vist Financial
Wakefield Co-operative Bank
Warsaw Federal Savings and Loan
Washington Federal
Washington Savings Bank
WaterStone Bank SSB
Watertown Savings Bank ()
Watertown Savings Bank ()
Webster Bank
Wells Fargo Bank (Rate in NY)
Wells River Savings
West Milton State Bank
Windsor Federal Savings and Loan Association
Workers' Credit Union
Zions Bank
Select One
1st Bank of Sea Isle City
Alliance Bank (alliancebank.us)
AloStar Bank of Commerce
Amalgamated Bank
Amboy Direct
Amegy Bank of Texas
American Bank of Texas
American Express
American Plus Bank
American Savings Bank
American State Bank and Trust Company
Arvest Bank
Aspire Federal Credit Union
Astoria Bank
Bank Gloucester
Bank of America (Rate in CA)
Bank of America (Rate in IL)
Bank of America (Rate in NY)
Bank of Botetourt
Bank of Charles Town
Bank of Hawaii
Bank of Internet
Bank of Oklahoma
Bank of the West
BankDirect
BankNewport
BBVA Compass (Rate in AL)
BBVA Compass (Rate in CA)
BCB Community Bank
Beal Bank, USA
Bellevue State Bank
Beneficial Bank
Biscayne Bank
Blue Ridge Bank
BMO Harris Bank
Boiling Springs Savings Bank
Branch Banking and Trust
Bremer Bank
Bryn Mawr Trust
California Bank and Trust
California First National Bank
Capital One 360
Capital One Bank (Rate in NY)
Carthage Savings and Loan Association
Cashmere Valley Bank
Cathay Bank
Central Bank ()
Central Bank Illinois
Central Pacific Bank
Century Bank Direct
Charles Schwab Bank
Chase (Rate in NY)
Chemical Bank
Chemung Canal Trust Company
Chesapeake Bank
Citizens and Northern Bank
Citizens Bank (Rate in NY)
Citizens Federal Savings and Loan Association
Citizens First Bank
Citizens First Bank ()
Citizens Savings Bank
Citizens State Bank Norwood Young America
City National Bank
Coleman County State Bank
Colorado Federal Savings Bank
Columbia Bank
Columbia Bank ()
Comerica Bank (Rate in CA)
Commerce Bank (Rate in IL)
Commercial Bank
Commercial Bank and Trust of Pennsylvania
Commonwealth Community Bank
Community Bank ()
Community Bank of Trenton
Community Bank, NA
CoreFirst Bank and Trust
Cornhusker Bank
Coulee Bank
Country Bank
Crossroads Bank ()
Dedham Savings
Discover Bank
Dollar Bank Federal Savings Bank
Dollar Savings Direct
Doral Bank
East Boston Savings Bank
Eastern Bank
EH National Bank
Emigrant Direct
Farmington Bank
Fifth Third Bank
First Bank of Colorado (Rate in CO)
First Bank of Missouri
First County Bank
First Federal Savings and Loan Association of Lakewood
First Federal Savings Bank of Elizabethtown
First Hawaiian Bank
First Internet Bank
First Mariner Bank
First Midwest Bank
First National Bank of Groton
First National Bank Omaha
First National Bank Texas
First National Community Bank (FNCB)
First Niagara
First Republic Bank
First Savings Bank Northwest
First United Bank
First United Bank and Trust
FirstMerit Bank
Flagstar Bank
FNBO Direct
Fox Chase Bank (Rate in PA)
Franklin Synergy Bank
Frost Bank
Gate City Bank
GE Capital Bank
Genesee Regional Bank
Gerber State Bank
Glenview State Bank
Goldwater Bank
Greenleaf Wayside Bank
Happy State Bank
Haskell National Bank
Heartland Bank Direct
Heritage Bank ()
Heritage Bank ()
Hopkins Federal Savings Bank
HSBC Advance
Hudson City (Rate in CT)
Hudson City (Rate in NJ)
Hudson City (Rate in NY)
iGOBanking
Inland Bank and Trust
Institution for Savings
Intervest National Bank
Intrust Bank
Investors Bank
Kearny Federal Savings Bank
KeyBank (Rate in NY)
KeyBank (Rate in OH)
Kirkpatrick Bank
Kirkwood Bank and Trust
Lee County Bank and Trust, NA
Liberty Bank ()
Lytle State Bank
M and T Bank (Rate in NY)
Mansfield Bank
MB Financial (Rate in IL)
Mechanics Bank
Merchants Bank ()
Middlesex Savings Bank
MidFirst Bank
Monroe Bank and Trust
Monument Bank
MySavingsDirect
National Bank of Arizona
National Exchange Bank and Trust
Nationwide Bank
North American Savings Bank
North Middlesex Savings Bank
Northrim Bank
NorthSide Bank
Northwest Savings Bank
OneWest Bank
Pacific Continental Bank
Peoples Bank ()
PeoplesBank ()
Plains Capital Bank
PNC Bank (Rate in NY)
Poplar Grove State Bank
Popular Community Bank
Presidential Bank
Provident Bank ()
Rabobank America
Radius Bank
Raymond James Bank
Regions Bank
Ridgewood Bank
River Valley Financial Bank
Rockland Trust
S and T Bank
Salem Five Direct
Sallie Mae Bank
Sandy Spring Bank
Savers Bank
Savings Square
SFGI Direct
Simsbury Bank
Solvay Bank
South LaFourche Bank
Southern Bank and Trust Company
Standing Stone National Bank
State Farm Bank (Rate in NY)
Stearns Bank National Association
Sun National Bank
SunTrust Bank
Superior Savings Bank
Susquehanna Bank
Synchrony Bank
TCF Bank (Rate in MN)
TD Bank (Rate in NY)
Texas Capital Bank
The Adirondack Trust Company
The Antwerp Exchange Bank
The Baldwin State Bank
The Bancorp Bank
The Bank of Castile
The Cecilian Bank
The Dime Savings Bank
The First Bank and Trust Company of Murphysboro
The First Central National Bank
The Halstead Bank
The Huntington National Bank (Rate in OH)
The National Bank of Blacksburg
The Needham Bank
TheBANK of Edwardsville
Think Mutual Bank
Third Federal Savings and Loan
TIAA Direct
Tompkins Trust Company
Tri City National Bank
Trustco Bank
Ultima Bank
Union Bank
UnionState Bank
United Bank
United Valley Bank
US Bank (Rate in CA)
US Bank (Rate in IL)
Viking Savings Bank
Villa Grove State Bank
VisionBank
Vist Financial
Wakefield Co-operative Bank
Warsaw Federal Savings and Loan
Washington Federal
Washington Savings Bank
WaterStone Bank SSB
Watertown Savings Bank ()
Watertown Savings Bank ()
Webster Bank
Wells Fargo Bank (Rate in NY)
Wells River Savings
West Milton State Bank
Windsor Federal Savings and Loan Association
Workers' Credit Union
Zions Bank
Disclaimer: Interest rates are compounded on a monthly basis.
Please check with your bank to find out how often interest is
being compounded on your particular investment.
0% intro APR on purchases & balance transfers for 14 months--then a variable purchase APR applies, currently 10.99% - 22.99%.
0% intro APR on balance transfers for 18 months--then a variable purchase APR applies, currently 10.99% - 22.99%.
No annual fee. Earn 2 points per $1 on gas, grocery, and utility purchases and 1 point per $1 everywhere else.
Unlimited 1% cash back gas rewards.
Disclaimer: Because rates and offers from advertisers shown on this
website change frequently, please visit referenced sites for current
information. This website may be compensated by companies mentioned through
advertising, affiliate programs or otherwise.}