Table of Contents
- 1 Best Featured Savings Accounts
- 2 Savings Accounts vs. Money Market Accounts
- 3 Where To Get The Best Interest Rates
- 4 Best Nationwide Bank Rates
- 5 Best State/Local Bank Rates
Find which banks have the best savings account and money market accounts with high interest rates! Find the highest savings interest rates and open an account today.
|Best Bank Account Promotions||Best Savings & Money Market Account Rates|
|Best Student Checking Accounts||Best Free Business Checking Accounts|
|Best CD Account Rates||Best Free Personal Checking Accounts|
In addition to this list, you will be able to find and select the best savings accounts suitable for your needs. All accounts, such as checking accounts, savings accounts, CDs, and money market accounts each have different benefits, and thus different interest rates.
All of the banks listed are FDIC insured, so you can feel at ease as you know your money is secured and earning the highest possible interest rate in a safe environment. Be sure to familiarize yourself with the terms and conditions with each account in order to obtain the highest rate!
Editor’s Note: A good majority of the accounts listed below are available nationwide. Please refer to our individual reviews before applying as few accounts are available only in certain states, regions, etc. For reference, in the title of each review (and in the “account summary” segment of each review), we list the availability of each bank/credit union whether it be available in a certain state(s) or available nationwide.
Best Featured Savings Accounts
The following rates are better than what most traditional banking institutions can offer. Accounts from HSBC Direct, Discover Bank and CIT Bank are all available online and nationwide. In addition, you may want to check out the popular Savings account from Chase bank for a nice sign-up bonus.
Aspiration Spend & Save $100 Bonus + 1.00% APY
To earn the $100 bonus, use your Aspiration debit card to make at least $1,000 in purchases within the first 60 days from account opening. Additionally, earn 1.00% APY when you spend $1,000 or more monthly, using the Aspiration debit card.
- Up to 10% cash back on debit card purchases
- Unlimited fee-free ATM withdrawals at Allpoint ATMs
- Up to 1.00% APY on savings
- Deposits are FDIC-insured
- No hidden fees!
- Extra cash back for spending at socially-conscious businesses
(No Expiration Date)
Chase SavingsSM Account Bonus Offer
Earn a $150 bonus when you open a new Chase SavingsSM account and deposit a total of $10,000 or more in new money within 20 days. You must also maintain a $10,000 balance for 90 days.
- What you’ll get: $150 bonus
- Eligible account: Chase SavingsSM
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Online Nationwide except Alaska, Hawaii, and Puerto Rico (Bank Locator)
- How to earn it: Open a new Chase Savings℠ account and deposit $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days.
- When you’ll receive it: After all requirements are met, you’ll receive the bonus deposited into your account within 10 business days.
- Monthly fee: $12; waived by doing one of the following:
- Keep a minimum daily balance of $300 or more in your savings account
- Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account (available only through Chase OnlineSM Banking)
- Have a linked Chase Premier Plus CheckingSM, Chase Premier Platinum CheckingSM, or Chase Private Client CheckingSM account.
CIT Bank Savings Builder Account
Get up to 0.40% APY with the new online CIT Bank Savings Builder account.
- Earn a top tier, competitive APY on your money—one of the top savings rates in the nation.
- Earn 0.40% APY on your funds – grow your savings faster.
- Build a habit of savings. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate.
How To Earn The Highest Rate:
The higher interest rate can be earned by completing one of following requirements:
- Monthly Savers:
- Make at least one single deposit of $100 or more during the first Evaluation Period which begins on the third business day prior to the end of the month the account was opened.
- Additional deposits made between the account opening date and the beginning of the first Evaluation Period will not qualify.
- In order to continue to earn the higher rate, make at least one single deposit of $100 every month.
- High Balance Savers:
- Have an account balance of $25,000 or more on each Evaluation Day. The Evaluation day is the fourth business day prior to the end of the month.
Discover Online Savings Account
Enjoy 0.40% APY at no minimum balance with the Discover Savings account.
- Available nationwide – paired with phenomenal customer service
- Get 0.40% APY on your funds with no minimum requirements & no monthly fees!
- No hidden fees. No minimum balance to open.
- It’s your money. Use it when and how you want.
- Deposit checks on the go or grow your savings with automatic transfers.
- Move money in and out of your savings account easily and securely.
- View your savings account balance and activity online or with mobile app.
- Get started and open a Discover Savings Account in 3 easy steps.
Savings Accounts vs. Money Market Accounts
You’ve probably never heard about a Money Market account (MMA) before. Most people already have a good idea of what a traditional Savings account is. Both are very similar and most banks will offer both types of accounts. Here’s a summary of key similarities and differences:
|Simple and straightforward to open||Money Market Accounts usually have more Checking-like features, such as electronic funds transfers, checks, debit cards and ATM withdrawals|
|FDIC insured, keeping your deposits safe||Savings accounts usually only allow access to funds via electronic funds transfers, telephone withdrawals, or in-person withdrawals at a branch|
|Limited on certain types of withdrawals per billing cycle (6 is the limit for these certain types by law)||Money Market accounts often require higher minimum balances for earn the rate|
While minimum balance requirements vary, most banks with the best rates keep the rates fairly competitive between both accounts. Though, MMAs from the same bank won’t always have better rates than its Savings account.
Putting aside interest rates, another main factor in deciding which one to have is how you’ll access your funds. For example, MMAs have more options. Many consider MMAs to be more of a hybrid between a checking & savings account due to its limited checking capabilities. Be mindful that many banks limit you on the amount of check writings per month. Both a Savings and Money Market account are limited by the Federal Reserve on the total number of transactions a month.
Money Market accounts are more flexible in case of emergency and Savings accounts are better for long-term. If the primary reason you’re opening an account is to hold your savings and earn interest, go ahead and select the account with the best rates. To receive certain rates, you must meet any minimum balance or other requirements.
Where To Get The Best Interest Rates
Online banks offer the best of the best. When comparing all the best rates from credit unions, local/national traditional banks with online banks, they just can’t compete with the rates provided by online banks. Credit unions and traditional banks operate through brick-and-mortar locations and accumulate more overhead costs.
Online banking is definitely trending and on the rise. Therefore, more consumers are taking advantage of the benefits. A good handful of consumers are unaware about the higher rates offered by online banks or are simply more comfortable with their local banks.
There’s no need to worry about deposit security concerns. All the banks listed on this page are FDIC-insured.
A majority, if not all of these online banks, have been around for years or decades. Many are actually just the online division of a bigger, established banking group. Start browsing around at the rates provided by online banks and compare them to your local physical banks. You’ll find that online banks offer you better accounts — checking, certificate of deposits, IRAs, etc. Typically, the best rates are offered by online banks that are available nationwide.
Best Nationwide Bank Rates
- Accounts below are all available nationwide
- APY = Annual Percentage Yield
- MIN = Minimum to earn the stated APY
- MAX = Maximum that will earn the stated APY
|Bank or Credit Union||Account Type||APY||Minimum/Maximum||Inquiry||Review|
|Patelco Credit Union||Money Market Select||2.00%||No min/$2K max||?||Review|
|Garden Savings Federal Credit Union||Platinum Checking||2.25%||No min/$15K max||?||Review|
|Affinity Plus Federal Credit Union||Money Market Account||1.00%||No min/$25K max||?||Review|
|Aspiration ($25 bonus)||Spend & Save||1.00%||$10K min/No max||Soft Pull||Review|
|Capital One 360||Performance Savings||1.00%||$10K min/No max||Soft Pull||Review|
|Capital One 360||360 Checking||1.00%||$100K min/No max||Soft Pull||Review|
|Capital One 360||360 Savings||1.00%||No min/No max||Soft Pull||Review|
|T-Mobile Money||Checking Account||1.00%||No min/No max||Soft||Review|
|Connexus Credit Union||MMA||0.85%||$50K min/$99,999.99 max||?||Review|
|Neighbors Bank||High Yield Online Savings Account||0.70%||$25k min/$250k max||?||Review|
|Paramount Bank||High-Interest Checking Account||0.75%||$100 min/No max||?||Review|
|Customers Bank||Market Savings Account||0.60%||$25K min/No max||Soft Pull||Review|
|Affirm||Savings Account||0.65%||No min/No max||?||Review|
|Merchants Bank of Indiana||Money Market Checking||0.75%||$No min/$1M||?||Review|
|CommunityWide Fed Credit Union||High Rate Quarterly Fund Account||0.70%||$500 min/No max||?||Review|
|Citibank||Citi® Accelerate Savings||0.70%||No min/No max||Soft Pull||Review|
|Nationwide by Axos Bank||My Savings||0.70%||No min/No max||Soft Pull||Review|
|Smarty Pig||High Yield Savings||0.70%||No min/No Max||?||Review|
|ConnectOne Bank||Online Savings||0.65%||$2.5K min/$250K max||?||Review|
|Fitness Bank||Savings Account||0.65%||$100 min/No max||?||Review|
|CFG Bank||High Yield Money Market||0.62%||$25K min/No max||?||Review|
|MutualOne Bank||Online Savings Account||0.60%||No min/No max||?||Review|
|Vio Bank||High Yield Online Savings||0.57%||No min/No max||Soft Pull||Review|
|SFGI Direct Savings||Direct Savings||0.56%||No min/No max||Soft Pull||Review|
|Colorado Federal Savings Bank||High Yield Savings Account||0.55%||$1 min/No max||Soft Pull||Review|
|BrioDirect||High Yield Money Market||0.55%||$25,000 min/No max||?||Review|
|Penfed Credit Unon||Premium Online Savings||0.55%||No min/No max||Soft Pull||Review|
|Synchrony Bank||High Yield Savings||0.55%||No min/No max||Soft Pull||Review|
|Alliant Credit Union||High Yield Savings||0.55%||No min/No max||Soft Pull||Review|
|USALLIANCE||High Yield Dividend||0.55%||No min/No max||Soft Pull||Review|
|Elements Financial||Helium Savings Account||0.55%||$2,500 min/$250,000 max||Soft Pull||Review|
|Sallie Mae Bank||Money Market Account||0.55%||No min/No max||Soft Pull||Review|
|Valley Direct||Online Savings Account||0.55%||$5K min/No max||Soft Pull||Review|
|Incredible Bank||Money Market Account||0.54%||$300K min/No max||Soft Pull||Review|
|CIBC Bank||Agility Online Savings||0.52%||$1K min/No max||?||Review|
|able Banking||Money Market Savings||0.50%||No min/No max||?||Review|
|Ally Bank||Online Savings Account||0.50%||No min/No max||Soft Pull||Review|
|BankPurely||PurelyMoneyMarket||0.50%||$25k min/No max||Soft Pull||Review|
|First Foundation Bank||Online Savings||0.50%||$1K min/No max||?||Review|
|PNC Bank (Many States)||High-Yield Savings||0.50%||$1 min/$5M max||Soft Pull||Review|
|iGObanking||Money Market Account||0.50%||No min/No max||Soft Pull||Review|
|BankUnitedDirect||Direct Online Money Market||0.50%||$2.5k min/$250k max||Soft Pull||Review|
|CIT Bank||Savings Connect Account||Up to 0.50%||No min/No max||Soft Pull||Review|
|Dollar Savings Direct||Savings Account||0.50%||$25K min/No max||Soft Pull||Review|
|First Internet Bank||Money Market||0.50%||$4K min/No max||Soft Pull||Review|
|FNBO Direct||Online Savings||0.50%||$1 min/$1M max||Soft Pull||Review|
|Live Oak Bank||Savings Account||0.50%||$1K min/No max||?||Review|
|Marcus by Goldman Sachs||High-Yield Online Savings||0.50%||$0 min/$3M max||?||Review|
|National Cooperative Bank||Impact Money Market Account||0.50%||$100 min/No max||?||Review|
|NBKC||Personal Money Market Account||0.50%||$0.01 min/No max||?||Review|
|NBKC||Everything Account||0.50%||$0.01 min/No max||?||Review|
|Northern Bank Direct||Money Market||0.50%||$5K min/No max||Soft Pull||Review|
|Prime Alliance Bank||Personal Savings||0.55%||$1 min/No max||?||Review|
|Rising Bank||High Yield Savings||0.50%||$1K min/$500K max||Soft Pull||Review|
|TotelDirectBank||Direct Money Market Deposit||0.50%||$5k min/$500k max||?||Review|
|TAB Bank||High Yield Savings||0.50%||$1 min/No max||?||Review|
|Western State Bank||High Yield Money Market||0.50%||No min/$3M max||Soft Pull||Review|
|Bank7||Online Money Market||0.45%||No min/$1M max||Soft Pull||Review|
|Bank7||Online Savings||0.45%||No min/$1M max||Soft Pull||Review|
|CIT Bank||Money Market Account||0.45%||$100 min/No max||Soft Pull||Review|
|Gateway First||High Yield Savings||0.45%||No min/$1M max||Soft Pull||Review|
|Northpointe Bank||Ultimate Savings||0.45%||$5K min/$2M max||?||Review|
|Popular Direct||Select Savings||0.45%||No min/$1M max||Soft Pull||Review|
|Salem Five Direct||High Yield Savings||0.45%||No min/$1M max||Hard Pull||Review|
|TIAA Bank||Yield Pledge Money Market||0.45%||$500 min/$250K max||?||Review|
|All America Bank||Mega Money Market® Checking||0.40%||No min/$50K max||Soft Pull||Review|
|American Express||American Express High-Yield Savings Account||0.40%||No min/$5M max||?||Review|
|Bellco Credit Union||Premier Money Market Account||0.40%||$50K min/No max||?||Review|
|Betterment||EverydayTMCash Reserve||0.40%||No min/No max||?||Review|
|CIT Bank||Savings Builder||0.40%||$25K min/No max||Soft Pull||Review|
|Citizens Access||Online Savings||0.40%||$5K /$250K max||Soft Pull||Review|
|Discover Bank||Online Savings Account||0.40%||No min/No max||Soft Pull||Review|
|Redneck Bank||Mega Money Market||0.40%||$1 min/$50K max||Soft Pull||Review|
|Discover Bank||MMA||0.35%||$100K min/No max||Soft Pull||Review|
|SoFi Money $50 bonus||Savings Account||0.25%||No min /No max||?||Review|
|UFB Direct||High Yield Savings Account||0.20%||$25K min/No max||Soft Pull||Review|
Best State/Local Bank Rates
|Bank or Credit Union||States||Account Type||APY||Terms||Review|
|BOM Bank||LA, TX||Premium Checking||4.09%||No min/$15K max||Review|
|Texoma CCU||TX||https://www.bankdealguy.com/texoma-ccu-cashtastic-checking-account/||3.51%||No min/$10K max||Review|
|Farmers State Bank||IA||Loyalty Checking Account||3.05%||No min/$15K max||Review|
|SharePoint Credit Union||MN||eSavings Account||3.00%||No min/$10K max||Review|
|Farmers State Bank||NE||Kasasa Cash Checking Account||2.50%||No min/$25K max||Review|
|Apco Employees Credit Union||AL||IRA Share Account||2.02%||$25 minimum to earn high rate||Review|
|Central Minnesota CU||MN||My Goal Savings||2.00%||$0+ minimum to earn high rate||Review|
|The Savings Bank||MA||Kasasa Cash Checking||2.00%||No min/$15K max||Review|
|WauBank||AZ, CT, FL, MA, RI, TN, VA||High Yield Online Savings||1.85%||$5K Minimum to earn rate||Review|
|Keesler Federal Credit Union||AL, LA, MS||High Interest Money Market Plus||1.50%||$100K Minimum to earn rate||Review|
|Workers Credit Union||MA||SaveUp Savings||1.18%||$99,999.99+||Review|
|Home Loan Investment Bank||RI, MA||Premium Savings Account||1.05%||$50,000 Minimum to Open||Review|
|Advancial||TX||Premium Money Market||1.01%||$100,000 min/No max||Review|
|Amboy Direct||NJ||eSavings||1.01%||$1.00 min/$250,000 max||Review|
|Bogota Savings Bank||NJ||Anniversary Money Market Checking||1.00%||$75K/No max||Review|
|Sunstate Bank||FL||Kasasa Saver||1.00%||$25K/No max||Review|
|Pelican State Credit Union||AR, LA, MS, TX||Kasasa Saver||0.75%||No min/$50K max||Review|
|Star One Credit Union||CA||Money Market||0.50%||No min/No max||Review|
|Home State Bank||MN||Kasasa Saver Account||0.50%||No min/No max||Review|
Savings account promotions are frequently updated. Find the best nationwide Savings/Money Market rates here and the best bank promotions here. For recommendations, the HSBC Direct Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Chase SavingsSM account also has a nice sign-up bonus.
Savings rate can change quite often. With that said, you can take advantage of the best nationwide savings rates here as well as the best savings account bonuses. I would recommend the UFB Direct High Yield Savings and the CIT Bank Savings Builder accounts as they offer exceptional industry leading rates available nationwide. The Aspiration account has a nice sign-up bonus.
|Aspiration||1.00% APY + $100 Cash||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|CIT Bank Savings Builder||0.40% APY||Review|
|Discover® Online Savings Account||0.40% APY||Review|
|Chase Business Complete BankingSM||$300 Cash||Review|
|HSBC Premier Checking Member FDIC||$450 Cash||Review|
|HSBC Premier Checking Member FDIC||Up To $600||Review|
|Citi Priority Account Package||$700 Cash|
With required activities.
|Huntington 25 Checking||$300 Cash||Review|
|Huntington Bank Unlimited Plus Business Checking||$750 Cash||Review|
|Huntington Bank Unlimited Business Checking||$400 Cash||Review|
|Huntington Bank Business Checking 100||$200 Cash||Review|
|TD Bank Beyond CheckingSM||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$150 Cash||Review|
|Discover Bank Cashback Debit||$360 Debit Cashback||Review|
|Wells Fargo Everyday Checking||$200 Cash||Review|
|Axos Bank Basic Business Checking||$100 Cash||Review|
|Aspiration Spend & Save||$150 Cash||Review|