Table of Contents
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.
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.
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:
| Similarities | 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 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.
CIT Bank Savings Builder Account
Get up to 2.20% 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 2.20% 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.
FDIC Insured
HSBC Direct Savings Account
The HSBC Direct Savings account is offering 2.30% APY. The minimum balance to earn this APY is just $1. There is no monthly maintenance fee, and you’ll have 24/7 online account access. Depositing checks is as simple as taking a picture with your mobile device using HSBC Mobile Banking. Member FDIC.
- Earn 2.30% APY on all balance tiers
- No monthly maintenance fee
- Minimum balance to earn APY is $1
- Apply online today
- Move money quickly and access your funds using online transfers
- Depositing checks is as simple as taking a picture with your mobile device using HSBC Mobile Banking
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
FDIC Insured
Discover Online Savings Account
Enjoy 1.90% APY at no minimum balance with the Discover Savings account.
- Available nationwide – paired with phenomenal customer service
- Get 1.90% 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.
FDIC Insured
BBVA Money Market Account
The BBVA Money Market account offers a 2.00% APY with no minimum balance. Open an account with a $25 minimum deposit.
- Earn 2.00% Annual Percentage Yield for 12 months for accounts opened online
- Earn this exceptional rate on your entire balance
- $25 minimum opening deposit required
- Get a competitive rate, with tiered interest to grow your money faster
- Interest compounds and is credited monthly
- Easily withdraw money in branch & at BBVA ATMs w/no fees
- Enjoy 24/7 online access with Online and Mobile Banking
- Link to your BBVA checking account for Overdraft Protection
- FDIC-insured
FDIC Insured
Synchrony Bank High Yield Savings Account
Open a Synchrony Bank High Yield Savings account to earn 2.00% APY on all balances. No minimum balance required.
- Earn 2.00% APY on your funds on all balances
- Available online nationwide
- No minimum balance requirement or monthly service fee
- Your deposit accounts are insured up to $250,000 per ownership category
- FDIC Insured
FDIC Insured
Barclays Online Savings Account
Barclays offers 2.00% APY with the Barclays Online Savings account. No minimum opening balance required.
- Earn 2.00% APY on your funds – an award-winning account with rates 20x the national average
- No minimum opening balance or deposit required to open
- Secure, 24/7 online access to your funds & tools to help you save
- Online transfers to and from other banks
- Direct deposit to make saving simple and easy
- No monthly maintenance fees
FDIC Insured
Chase Savings Account
This account doesn’t offer the highest savings rates; however, the Chase Savings account gives you a $150 bonus when you meet some requirements.
- Enjoy a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
- Access to 16,000 Chase ATMs and nearly 5,000 branches
- Link this account to your Chase checking account for Overdraft Protection.
- Chase QuickPay® with Zelle® – Take the drama out of splitting a check.
- Real-time fraud monitoring – We watch your debit-card to help your money stay your money.
- Apply online in minutes. Open your account online now.
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
FDIC Insured
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 | Hard Inquiry | Review |
|---|---|---|---|---|---|
| Wealthfront Cash | Cash Account | 2.57% | $1 min/ $1M max | ? | Review |
| VIO Bank | Online Savings Bank | 2.52% | No min/No max | ? | Review |
| Customers Bank | High Yield Savings Account | 2.50% | $25K min/No max | No | Review |
| USALLIANCE Financial | High Dividend Savings Account | 2.50% | $500 min/No max | ? | Review |
| WebBank | Savings Account | 2.50% | $1K min/$500K max | ? | Review |
| Western State Bank | High Yield Money Market Account | 2.50% | $0 min/ $3M max | ? | Review |
| Banesco USA | Savings Account | 2.47% | $300 min/ No max | ? | Review |
| All America Bank | Mega Money Market Checking | 2.40% | $500 min/$50K max | ? | Review |
| MySavingsDirect | Online Savings Bank | 2.40% | No min/No max | No | Review |
| My e-BAnC | eRelationship Savings Account | 2.40% | $25k min/No max | ? | Review |
| Popular Direct | Savings Account | 2.40% | $5K min/No max | ? | Review |
| Redneck Bank | Mega Money Market Account | 2.40% | No min/$50K max | No | Review |
| Rising Bank | Online Savings Bank | 2.40% | $1K min/$500k max | ? | Review |
| TAB Bank | High Yield Savings Account | 2.40% | No min/No max | ? | Review |
| CIBC Bank | Savings Account | 2.39% | No min/$1M max | ? | Review |
| Betterment | Everyday Savings | 2.38% | No min/No max | ? | Review |
| North American Savings Bank | High Rate Savings | 2.38% | $50K min/$5M max | Soft | Review |
| VirtualBank | eMoney Market | 2.36% | No min/No max | ? | Review |
| Bank7 | High Rate Online Savings | 2.35% | $100 min/$1M max | ? | Review |
| BMO Harris Bank | Money Market Account | 2.35% | $5K min/No max | ? | Review |
| Bank7 | High Rate Online Money Market | 2.35% | $5K min/$1M max | ? | Review |
| PurePoint Financial | Online Savings | 2.35% | $10K min/No max | ? | Review |
| CommunityWide Fed Credit Union | High Rate Quarterly Fund Account | 2.30% | $500 min/No max | ? | Review |
| HSBC Member FDIC | Direct Savings Account | 2.30% | $1 min/No max | No | Terms |
| Quontic Bank | Money Market Account | 2.30% | $100K min/No max | ? | Review |
| Sallie Mae Bank | Money Market Account | 2.30% | No min/No max | Yes | Review |
| Sallie Mae Bank | Online Savings Account | 2.29% | No min/No max | Yes | Review |
| Banesco USA | Money Market Account | 2.27% | $100K min/ No max | ? | Review |
| MutualOne Bank | Online Savings Account | 2.27% | No min/$1M max | ? | Review |
| SFGI Direct | Savings | 2.27% | No min/No max | ? | Review |
| Zions Bank | Money Market Account | 2.26% | $500/No max | ? | Review |
| Comenity Direct | High Yield Savings Account | 2.25% | No min/ No max | ? | Review |
| Customers Bank | Ascent Money Market Savings Account | 2.25% | $25K min/No max | No | Review |
| BankPurely | PurelyMoneyMarket | 2.25% | $25K min/$500K max | No | Review |
| My eBanc | Money Market Account | 2.25% | $100K min/No max | ? | Review |
| Earn Bank | Money Market Account | 2.25% | No min/No max | ? | Review |
| iGObanking | Money Market Account | 2.25% | $25K min/No max | ? | Review |
| MemoryBank | Money Market Account | 2.25% | No min/$1M max | ? | Review |
| Pacific National Bank | Money Market | 2.25% | $5K min/No max | ? | Review |
| SoFi Money $50 bonus | Savings Account | 2.25% | No max /No max | ? | Review |
| State Farm Bank | Money Market Account | 2.25% | $500 min/ $5M max | ? | Review |
| USALLIANCE Financial Credit Union | Money Market Account | 2.25% | $250,00 min/No max | ? | Review |
| Utah First Credit Union | Dedicated Savings | 2.25% | $50 min/No max | ? | Review |
| UFB Direct | Premium Money Market | 2.25% | $25K min/No max | ? | Review |
| UFB Direct | High Yield Savings Account | 2.25% | $25K min/No max | ? | Review |
| Ally Bank | Online Savings | 2.20% | No min/No Max | No | Review |
| CIT Bank | Savings Builder | 2.20% | $25K min/No max | No | Review |
| IncredibleBank | Money Market Account | 2.20% | $300K /No max | ? | Review |
| Salem Five Direct | eOneSavings | 2.20% | No min/$1M max | Yes | Review |
| Colorado Federal Savings Bank | Premier Savings Account | 2.15% | $50K /No max | ? | Review |
| Empower Bank | Savings Account | 2.15% | No min/No max | ? | Review |
| Live Oak Bank | High Yield Savings Account | 2.15% | No min/max | ? | Review |
| PNC Bank(Many States) | High Yield Savings Account | 2.15% | $1 min/No max | No | Review |
| TIAA Bank | Money Market Account | 2.15% | $5K min/$250K max | ? | Review |
| Community Bank of Pleasant Hill Premier | Premier Money Management Account | 2.14% | No min/No max | ? | Review |
| Community Bank of Raymore Premier | Premier Money Management Account | 2.14% | No min/No max | ? | Review |
| VARO Money | Online Savings | 2.12% | $0 min/$50K max | ? | Review |
| Bay State Savings Bank | Consumer & Commercial Money Market | 2.10% | $5K min/No max | ? | Review |
| E*Trade | Premium Savings Account | 2.10% | No min/No max | ? | Review |
| Investors Bank | eAccess Money Market Account | 2.10% | No min/ $2M max | No | Review |
| Sallie Mae | High-Yield Savings Account | 2.10% | No min/max | ? | Review |
| Huntington Bank | Business Premier Money Market | 2.07% | $20K min/$2M max | No | Review |
| Bank5 Connect | High-Interest Savings | 2.05% | $100 min/No max | Yes | Review |
| NEXBank | High Yield Money Market Account | 2.05% | $25K min/No max | ? | Review |
| Northpointe Bank | Savings Account | 2.05% | $25K min/No max | ? | Review |
| Quorum Federal Credit Union | High Rate Online Savings | 2.05% | No min/max | ? | Review |
| Radius Bank | High Yield Savings Account | 2.05% | $25K Min/No max | Yes | Review |
| Huntington Bank | Relationship Money Market | 2.02% | $25K min/$2M max | No | Review |
| Simple Bank | Savings Goal Account | 2.02% | $2K/No max | ? | Review |
| MutualOne Bank | Online Savings | 2.02% | No min/$1M max | ? | Review |
| BankUnitedDirect | Money Market Account | 2.01% | $2.5K min/No max | ? | Review |
| M.Y. Safra Bank | Money Market Account | 2.01% | $5K min/No max | ? | Review |
| Umbrella Bank | UmbrellaBank Money Market Account | 2.01% | $25K min/No max | ? | Review |
| American Heritage Credit Union | High Yield Savings Account | 2.00% | $10K min/$1M max | ? | Review |
| Barclays | Online Savings | 2.00% | No min/No max | Yes | Review |
| Bethpage Federal Credit Union | Money Market Account | 2.00% | $500 min/No max | No | Review |
| Capital One 360 | Money Market Account | 2.00% | $10K min/No max | No | Review |
| Capital One 360 | Money Market Account | 2.00% | $10K min/No max | No | Review |
| Capital One 360 | Business Savings | 2.00% | No min/$1M max | No | Review |
| Colorado Federal Savings Bank | High Yield Savings | 2.00% | $1 min/No max | No | Review |
| Elements Financial | Premium Money Market Account | 2.00% | $2.5K min/No max | ? | Review |
| FNBO Direct | Online Savings Account | 2.00% | $1 min/$1M max | ? | Review |
| Marcus by Goldman Sachs Bank | Savings Account | 2.00% | No min/No max | No | Review |
| Midfirst Direct | High Yield Online Savings | 2.00% | $1K min/No max | ? | Review |
| Northfield Bank | Platinum Savings | 2.00% | No min/$100K max | ? | Review |
| One American Bank | Savings Account | 2.00% | $50K min/No max | ? | Review |
| Synchrony Bank | High Yield Savings | 2.00% | No min/No max | No | Review |
| American Express | American Express High-Yield Savings Account | 1.90% | No min/$5M max | ? | Review |
| Discover Bank | Online Savings Account | 1.90% | No min/No max | No | Review |
| CIT Bank | Money Market Account | 1.85% | $100 min/No max | No | Review |
| Discover Bank | MMA | 1.80% | $100K min/No max | No | Review |
| Capital One 360 | 360 Checking | 1.00% | $100K min/No max | No | Review |
| Capital One 360 | 360 Savings | 1.00% | No min/No max | No | Review |
| Capital One 360 | 360 Savings | 1.00% | No min/No max | No | Review |
Best State/Local Bank Rates
| Bank or Credit Union | States | Account Type | APY | Terms | Hard Inquiry | Review |
|---|---|---|---|---|---|---|
| American Eagle Financial Credit Union | CT | Money Market | 3.50% | $2k Min/ $100k Max | ? | Review |
| Delaware County Credit Union | PA | Money Market Account | 2.75% | $2.5K Min | ? | Review |
| Heartland Bank | OH | Money Market Savings | 2.75% | $25K Min To Earn Listed Rate | ? | Review |
| Connex Credit Union | CT | Money Market Account | 2.65% APY | $100K Min | ? | Review |
| First Home Bank | FL | Advantage Money Market | 2.50% | $50k Min | ? | Review |
| HarborOne Bank | CT, ME, MA, NH, RI, VT | Remarkable Savings Account | 2.50% | $5k Min/ $250k Max | Soft Pull | Review |
| Webster Bank | CT, NY | Premier Savings/Money Market Savings | 2.50% | $25K Min/ $500K Max | ? | Review |
| Great Southern Bank | AR, IA, KS, MN, MO, NE, OK, TX | Money Market Account | 2.48% | $2.5K Min/ No Max | ? | Review |
| CFG Community Bank | MD | Money Market Account | 2.45% | $25K Min/ No Max | ? | Review |
| Great Southern Bank | MA | Money Market Account | 2.44% | No Min/ $250K Max | ? | Review |
| Guilford Savings Bank | CT | Money Market Account | 2.42% | $0.01 Min/ $1,000,000 Max | ? | Review |
| TBK Bank | TX | Money Market Account | 2.40% | $100k / No Max | ? | Review |
| Kearny Bank | NJ, NY | Tiered Money Market Plus Account | 2.38% | $1,000,000 Min To Earn Listed Rate | ? | Review |
| Citibank | TX, AL, AK, AZ, AR, CO, DE, GA, HI, ID, IN, IA, KS, KY, LA, OK, ME, MA, MI, MN, MO, MS, MT, NE, NH, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, UT, VT, WA, WV, WI and WY and the following territories, possessions and military addresses of AA, AE, AP, AS, GU, MP, PR and VI | Savings Account | 2.21% | No Min/No Max | ? | Review |
| General Electric Credit Union | OH | Money Market Account | 2.25% | $25k Min | ? | Review |
| Centreville Bank | RI | Money Market Account | 2.25% | $5K Min to earn listed rate | ? | Review |
| Metro Credit Union | MA | High Yield Savings Account | 2.25% | $25K min to earn listed rate | ? | Review |
| Mutual Bank | MA | Money Leader Money Market | 2.43% | Opening Deposit of $1000 | ? | Review |
| Freedom First | VA | Money Market Account | 2.13% | $10K min to earn listed rate | ? | Review |
| Beal Bank | AZ, CA, CO, FL, GA, IL, KS ,MD, MA, MI, MN, NJ, NY, NV, OR, PA, VA, WA | Money Market Account | 2.01% | $1K min | ? | Review |
| HSBC Commercial Banking | CA, CT, D.C, DE, FL, MD, NJ, NY, PA, VA & WA | Business Elite Savings Account | 2.01% | No minimum required | ? | Review |
| Home Loan Investment Bank | RI, MA | Premium Savings Account | 2.00% | $50,000 Minimum to Open | ? | Review |
| Truity Credit Union | AR, KS, OK, TX | Name It Save It Account | 2.00% | No Min; Max $50K | ? | Review |
| Hamilton Bank | MD | Promo Money Market Account | 2.00% | $10K min | ? | 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 HSBC Direct Savings and the CIT Bank Savings Builder accounts as they offer exceptional industry leading rates available nationwide. The Chase SavingsSM account has a nice sign-up bonus. |
||
| PROMOTION LINK | RATE | OFFER |
| CIT Bank Savings Builder | 2.20% APY | Review |
| Discover® Online Savings Account | 2.10% APY | Review |
| American Express High Yield Savings | 1.90% APY | Review |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $750 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Private Client | $1,250 Cash | Review |
| TD Bank Beyond CheckingSM | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $200 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Huntington Bank Accelerated Business Checking | $750 Cash | Review |
| Huntington Bank Fast Track Business Checking | $400 Cash | Review |
| Huntington Bank Community Business Checking | $200 Cash | Review |
Where are the 4-6% rates?
Goldman Sacks just raised their rate to 1.20%
United Bank refused my new acct solely because I live in Az. It turns out that they discriminate against USA citizens in a great many states. They “claim” that it’s solely because of the residence location of the applicant.
1. Why didn’t Danny do his homework and warn his readers?
2. How can United Bank be allowed to get away with such outrageous (probably illegal) discrimination?
Don’t bank with United until they stop their discrimination.
Greetings Alan,
Thanks for your comment and visiting BankDealGuy! It’s unfortunate that you were unable to open an account with United Bank. The reason being is that United Bank is only available to residents in Connecticut and Massachusetts. Please refer to our individual reviews before applying. For future 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.
Hope this helps! -Danny