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.
Update 1/2/25: We’ve updated our list with the latest bank rates.
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!
Best Savings Accounts
The following rates are better than what most traditional banking institutions can offer. Accounts from Discover Bank and CIT Bank are all available online and nationwide.
Discover Online Savings Account Promotion
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.70% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
Best Nationwide Bank Rates
| Bank | Account Type | APY | Minimum/Maximum | Review |
|---|---|---|---|---|
| Newtek Bank | High Yield Savings | 4.90% | No min/No max | Review |
| Modern Bank | High Yield Money Market | 4.75% | $100K min/No max | Review |
| State Bank of Texas | Money Market Account | 4.65% | $100K Min/No max | Review |
| Pibank | Savings (app only) | 4.60% | No min/No max | Review |
| BrioDirect | High Yield Savings Account | 4.55% | $1 min/No max | Review |
| Fitness Bank | Savings Account | 4.55% | $100 min/No max | Review |
| TotalDirectBank | Money Market Account | 4.51% | $2.5k min/$500k max | Review |
| Brilliant Bank | Money Market | 4.50% | $1k min/$500k max | Review |
| First Foundation Bank | Online Savings | 4.50% | $1K min/No max | Review |
| First Foundation Bank | Online Money Market | 4.50% | $1K min/No max | Review |
| GO2bank | High-Yield Savings | 4.50% | No min/No max | Review |
| Jenius Bank | Savings | 4.50% | No min/No max | Review |
| Poppy Bank | Premier Online Savings | 4.50% | $1K min/No max | Review |
| Rising Bank | High Yield Savings | 4.50% | $1K min/$1M max | Review |
| Climate First Bank | Choice Money Market | 4.46% | $50k min/No max | Review |
| Vio Bank | Cornerstone Money Market | 4.46% | No min/No max | Review |
| MyBankingDirect | High-Yield Savings Account | 4.45% | $1 min/No max | Review |
| All America Bank | Mega Money Market | 4.40% | No min/$100K max | Review |
| Barclays | Tiered Savings | 4.40% | No min/No max | Review |
| Bread Financial | High-Yield Savings | 4.40% | No min/No max | Review |
| Redneck Bank | Mega Money Market | 4.40% | No min/$100K max | Review |
| Zynlo Bank | Money Market | 4.40% | No min/$250K max | Review |
| b1BANK | High Yield Savings | 4.35% | No min/No max | Review |
| Bask Bank | Interest Savings Account | 4.35% | No min/No max | Review |
| EagleBank | High Yield Savings | 4.35% | No min/$500K max | Review |
| Peak Bank | Envision Savings | 4.35% | No min/No max | Review |
| Primis Bank | Savings Account | 4.35% | $1 min/No max | Review |
| CFG Bank | High Yield Money Market | 4.32% | $1K min/No max | Review |
| EverBank | Savings | 4.30% | No min/No max | Review |
| Popular Direct | High Rise Savings | 4.30% | $5k/No max | Review |
| Republic Bank | Digital Money Market | 4.30% | $2.5k/No max | Review |
| CIBC Bank | Agility Online Savings | 4.28% | $1K min/$1M max | Review |
| SFGI Direct | Online Savings | 4.26% | $1 min/No max | Review |
| TAB Bank | High Yield Savings | 4.26% | $1 min/No max | Review |
| Colorado Federal Savings Bank | Premier Savings Account | 4.25% | $1 min/No max | Review |
| Forbright Bank | Savings | 4.25% | No min/No max | Review |
| Evergreen Bank Group | High Yield Savings | 4.25% | $100 min/No Max | Review |
| Fierce Finance | Cash Account | 4.25% | No min/No max | Review |
| Ivy Bank | High-Yield Savings | 4.25% | $2.5K min/$1M max | Review |
| Merchants Bank of Indiana | Money Market Account | 4.25% | No min/No max | Review |
| Northern Bank Direct | Money Market | 4.25% | $5K min/$250K max | Review |
| Styl | Savings | 4.25% | No min/No max | Review |
| VirtualBank | eMoney Market | 4.25% | No min/No max | Review |
| Colorado Federal Savings Bank | High Yield Savings Account | 4.20% | $1 min/No max | Review |
| Live Oak Bank | Savings Account | 4.20% | No min/No max | Review |
| Primis Bank | Premium Checking | 4.20% | $1 min/No max | Review |
| Prime Alliance Bank | Personal Savings | 4.15% | No min/No max | Review |
| Prime Alliance Bank | Money Market Account | 4.15% | No min/No max | Review |
| RBMAX | Max Interest Savings | 4.15% | No min/$249,999.99 max | Review |
| MySavingsDirect | MySavings | 4.10% | No Min/No max | Review |
| North American Savings Bank | Savings | 4.10% | No min/$1.5M max | Review |
| Elevault | Mobile Banking | 4.08% | No min/$40K max | Review |
| Lafayette Federal Credit Union | Preferred Savings | 4.07% | $20K/No max | Review |
| MutualOne Bank | Mo Premium Savings | 4.07% | $20K min/No max | Review |
| CNB Bank Direct | High Yield Savings | 4.01% | $100 min/No max | Review |
| Salem Five Direct | High Yield Savings | 4.01% | No min/$1M max | Review |
| Laurel Road | High Yield Savings Account | 4.00% | No min/$2M max | Review |
| Betterment | Cash Reserve | 4.00% | No min/No max | Review |
| BankPurely | PurelyMoneyMarket | 4.00% | $25k min/No max | Review |
| ConnectOne Bank | Online Savings | 4.00% | $2.5K min/$250K max | Review |
| Dollar Savings Direct | Savings Account | 4.00% | No min/ No max | Review |
| E*Trade | Premium Savings | 4.00% | No min/No Max | Review |
| EverBank | Yield Pledge Money Market | 4.00% | $500 min/$250K max | Review |
| iGObanking | Money Market Account | 4.00% | $25K min/No max | Review |
| Langley Federal Credit Union | Platinum Money Market Account | 4.00% | $1M min/No max | Review |
| Morgan Stanley | Preferred Savings | 4.00% | $1K min/No max | Review |
| PayPal | Online Savings Account | 4.00% | No min/No max | Review |
| Synchrony Bank | High Yield Savings | 4.00% | No min/No max | Review |
| Wealthfront | Cash | 4.00% | No min/No max | Review |
| Western State Bank | High Yield Money Market | 4.00% | No min/$3M max | Review |
| PNC Bank | High Yield Savings | 3.95% | No min/No max | Review |
| Barclays | Online Savings Account | 3.90% | No min/No max | Review |
| CFBank | Platinum Money Market | 3.90% | $25k min/No max | Review |
| iGObanking | iGOindexmoneymarket | 3.90% | $25K min/No max | Review |
| Marcus by Goldman Sachs | High-Yield Online Savings | 3.90% | $0 min/$3M max | Review |
| My eBanc | Money Market | 3.90% | $100K min/No max | Review |
| My e-Banc | Savings Account | 3.90% | $100K min/No max | Review |
| Sallie Mae | High-Yield Savings Account | 3.90% | No min/No max | Review |
| Sallie Mae | Money Market Account | 3.90% | No min/No max | Review |
| Smarty Pig | High Yield Savings | 3.90% | No min/No Max | Review |
| Affirm | Savings Account | 3.85% | No min/No max | Review |
| Citi | Accelerate Savings | 3.80% | $1 min/No max | Review |
| CNB Bank Direct | Premium Money Market | 3.80% | $25K min/$2M max | Review |
| First Internet Bank | Money Market | 3.77% | $4K min/$100K max | Review |
| Empower | Cash Account | 3.75% | No min/No max | Review |
| Jovia Financial Credit Union | Online Savings | 3.75% | $4.95 min/No max | Review |
| Quorum Federal Credit Union | High-Yield Savings Account | 3.75% | $10K min/No max | Review |
| USALLIANCE | High Yield Dividend | 3.75% | $500 min/No max | Review |
| Capital One 360 | Performance Savings Account | 3.70% | No min/No max | Review |
| Ally Bank | Online Savings Account | 3.70% | No min/No max | Review |
| Ally Bank | Money Market | 3.70% | No min/No max | Review |
| American Express® | High Yield Savings account | 3.70% | No min/$5M max | Review |
| BMO Bank | Online Savings | 3.70% | No min/No max | Review |
| Citizens Access | Online Savings | 3.70% | $5K /$250K max | Review |
| Merrill | Preferred Deposit | 3.67% | $100K min/No max | Review |
| FNBO Direct | Online Savings | 3.60% | $0.01 min/$1M max | Review |
| Zynlo Bank | Tomorrow Savings | 3.52% | No min/No max | Review |
| Affinity Plus Federal Credit Union | Money Market Account | 3.50% | No min/$25K max | Review |
| EmigrantDirect | Savings Account | 3.50% | No min/No max | Review |
| LendingClub | High Yield Savings | 3.50% | No min/No max | Review |
| Luana Savings Bank | Money Market | 3.35% | No min/No max | Review |
| Northpointe Bank | Ultimate Money Market | 3.25% | $25,000 min/$3M max | Review |
| Northpointe Bank | Ultimate Savings | 3.25% | $25,000 min/$3M max | Review |
| Paramount Bank | High-Interest Checking Account | 3.25% | No Min/$100K Max | Review |
| Alliant Credit Union | High Yield Savings | 3.10% | $100 min/No max | Review |
| Credit Karma | High Yield Savings Account | 3.10% | No min/No max | Review |
| Third Federal | Online Savings Plus | 3.00% | $5K min/No max | Review |
| Varo Bank | Money Savings | 3.00% | $0.01 Min/$15K Max | Review |
| Synchrony Bank | Money Market Account | 2.25% | No min/No max | Review |
| Chime | Checking Account | 2.00% | No min/$1M max | Review |
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.
First Horizon Bank in Florida is offering 5.38% money market account $5,000 minimum
Ivy Bank Indexed Savings 5.80% is not available.
Great information!!
I enjoy your website, I reference it often. This morning I noticed you stated Suntrust (now Truist) rate is 1.50% but sadly overnight they drastically lowered its Advantage Money Market Rate from 1.50% to .04% . I just got off the phone with their Customer Service Team member. I am hoping you can update your website.
Thank you.
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