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 1.85% 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 1.85% 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.
- Earn a $150 or $300 bonus when you open a new account and fund the minimum deposit.
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
Discover Online Savings Account
Enjoy 1.70% APY at no minimum balance with the Discover Savings account.
- Available nationwide – paired with phenomenal customer service
- Get 1.70% 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 1.90% APY with no minimum balance. Open an account with a $25 minimum deposit.
- Earn 1.90% 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
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 | Inquiry | Review |
|---|---|---|---|---|---|
| Fitness Bank | Savings Account | 2.60% | $100 min/No max | ? | Review |
| CFG Bank | High Yield Money Market | 2.30% | $25k/No max | ? | Review |
| SFGI Direct | Savings | 2.27% | $1/No max | ? | Review |
| All America Bank | Mega Money Market | 2.25% | No min/$50K max | Soft Pull | Review |
| Customers Bank | Ascent Money Market Savings Account | 2.25% | $25K min/No max | Soft Pull | Review |
| MECU | Money Market Account | 2.25% | $10K min/$1M max | ? | Review |
| Presidential Bank | Money Market Account | 2.25% | $25K/No Max | ? | Review |
| Redneck Bank | Mega Money Market Account | 2.25% | No min/$50K max | Soft Pull | Review |
| State Bank of India | Money Market | 2.25% | $0.01 min/No Max | ? | Review |
| TotalDirectBank | Money Market Account | 2.25% | $5K min/$500K max | ? | Review |
| BrioDirect | High Yield Savings | 2.20% | $500 min/No max | ? | Review |
| CommunityWide Fed Credit Union | High Rate Quarterly Fund Account | 2.20% | $500 min/No max | ? | Review |
| Quontic Bank | Money Market Account | 2.20% | $100K min/No max | ? | Review |
| Sun East Federal Credit Union | MAX-Yield Money Market | 2.20% | $5K min/$250K max | ? | Review |
| Simple Bank | Individual or Shared Protected Goals Account | 2.15% | No min/No max | Soft Pull | Review |
| TAB Bank | High Yield Savings Account | 2.10% | $1 min/No max | ? | Review |
| VIO Bank | High-Yield Savings | 2.07% | No min/No max | Soft Pull | Review |
| BMO Harris Bank | Money Market Account | 2.05% | $5K min/No max | Soft Pull | Review |
| Citibank (Many States) | Savings Account | 2.05% | No min/No max | Soft Pull | Review |
| Earn Bank | Savings Account | 2.05% | No min/No max | ? | Review |
| HSBC Bank | Direct Savings Account | 2.05% | $1/$2M max | Soft Pull | Terms |
| My eBAnC | eRelationship Savings Account | 2.05% | $25K min/No max | Soft Pull | Review |
| Northpointe | Ultimate Money Market | 2.05% | $25K min/$1M max | Soft Pull | Review |
| Northpointe Bank | Ultimate Savings | 2.05% | $25k min/No max | Soft Pull | Review |
| Pacific National Bank | Money Market | 2.05% | $5K min/$240K max | ? | Review |
| Betterment | EverydayTMCash Reserve | 2.04% | No min/No max | ? | Review |
| VARO Money | Online Savings | 2.02% | No min/No max | ? | Review |
| Envision Bank | Savvy Savings | 2.01% | $25 min/No max | ? | Review |
| VirtualBank | eMoney Market | 2.01% | No min/No max | ? | Review |
| BankUnitedDirect | Money Market | 2.00% | No min/No max | ? | Review |
| Bay State Savings Bank | Money Market | 2.00% | No min/No max | ? | Review |
| Capital One 360 | Business Savings | 2.00% | $250 min/$1M max | Soft Pull | Review |
| Comenity Direct | High Yield Savings Account | 2.00% | $1 min/$10M max | ? | Review |
| Consumers Credit Union | Smart Saver | 2.00% | $50 min/$1,000 max | ? | Review |
| First Foundation Bank | Online Savings | 2.00% | $1K min/No max | ? | Review |
| Live Oak Bank | Online Savings | 2.00% | $0.01/$5M max | ? | Review |
| MemoryBank | Money Market Account | 2.00% | No min/$1M max | Soft Pull | Review |
| MySavingsDirect | Online Savings | 2.00% | No min/No max | Soft Pull | Review |
| One American Bank | Freedom High-Yield Savings | 2.00% | $50K min/No max | ? | Review |
| PNC Bank (Many States) | High Yield Savings Account | 2.00% | No min/$5M max | Soft Pull | Review |
| TIAA Bank | Money Market Account | 2.00% | $5K min/$250K max | ? | Review |
| TruMark Financial Credit Union | Money Market Account | 2.00% | $2,500 min/$250K max | ? | Review |
| UFB Direct | Premium Money Market | 2.00% | $25K min/No max | ? | Review |
| UFB Direct | High Yield Savings Account | 2.00% | $25K min/No max | ? | Review |
| Western State Bank | Money Market | 2.00% | $0 min/ $3M max | Soft Pull | Review |
| North American Savings Bank | High Rate Savings Account | 1.97% | $50K min/$5M max | Soft Pull | Review |
| Customers Bank | High-Yield Savings | 1.95% | $25K min/No max | Soft Pull | Review |
| WebBank | High Yield Savings | 1.95% | $1K min/$500K max | ? | Review |
| First Internet Bank | Money Market | 1.92% | $100 min/No max | Soft Pull | Review |
| Bank7 | High Rate Online Savings | 1.91% | $100 min/$1M max | ? | Review |
| Bank7 | High Rate Online Money Market | 1.91% | $5K min/$1M max | ? | Review |
| CNB Bank Direct | Premium Money Market | 1.91% | $25k min/$2M max | ? | Review |
| Salem Five Direct | eOneSavings | 1.91% | No min/$1M max | Hard Pull | Review |
| American Express | American Express High-Yield Savings Account | 1.90% | No min/$5M max | ? | Review |
| BankPurely | PurelyMoneyMarket | 1.90% | $25K min/No max | Soft Pull | Review |
| Colorado Federal Savings Bank | Premier Savings Account | 1.90% | $50K /No max | ? | Review |
| Credit Karma | High Yield Savings | 1.90% | $0.01 ? | ? | Review |
| FNBO Direct | Online Savings Account | 1.90% | No min/$1M max | ? | Review |
| iGObanking | Money Market Account | 1.90% | $25K min/No max | ? | Review |
| My eBanc | Money Market Account | 1.90% | $5K min/$No Max | ? | Review |
| Northfield Bank | Platinum Savings | 1.90% | No min/$225K max | Hard Pull | Review |
| Popular Direct | Savings Account | 1.90% | $5K min/No max | Soft Pull | Review |
| Rising Bank | High Yield Savings | 1.90% | $1K min/$500k max | ? | Review |
| Synchrony Bank | High Yield Savings | 1.90% | No min/No max | Soft Pull | Review |
| USALLIANCE Financial | High Dividend Savings Account | 1.90% | $500 min/No max | Soft Pull | Review |
| able Banking | Money Market | 1.85% | $250 min/No max | Soft Pull | Review |
| Bank5 Connect | High-Interest Savings | 1.85% | $100 min/No max | Soft Pull | Review |
| CIBC Bank | Savings Account | 1.85% | No min/$1M max | ? | Review |
| Citizens Access | Online Savings | 1.85% | $5K min/No max | ? | Review |
| CIT Bank | Savings Builder | 1.85% | $25K min/No max | Soft Pull | Review |
| CIT Bank | Money Market Account | 1.85% | $100 min/No max | Soft Pull | Review |
| Sallie Mae Bank | Money Market Account | 1.85% | No min/No max | Soft Pull | Review |
| State Farm Bank | Money Market Account | 1.85% | $1K min/$5M max | ? | Review |
| Wealthfront Cash | Cash Account | 1.82% | $1 min/ $1M max | Soft Pull | Review |
| MutualOne Bank | Online Savings Account | 1.81% | No min/$1M max | ? | Review |
| American Heritage Credit Union | High Yield Savings | 1.80% | $10K min/No max | Soft Pull | Review |
| BankPurely | SavePurely | 1.80% | $1 min/No max | Soft Pull | Review |
| Barclays | Online Savings | 1.80% | No min/No max | ? | Review |
| Capital One 360 | Money Market Account | 1.80% | $10K min/No max | Soft Pull | Review |
| Dollar Savings Direct | High Interest Savings | 1.80% | No min/No max | ? | Review |
| EBSB Direct | Money Market | 1.80% | $10K min/No max | ? | Review |
| iGObanking | High Interest Savings | 1.80% | No min/No max | Hard Pull | Review |
| --- | --- | --- | --- | --- | --- |
| PurePoint Financial | Online Savings | 1.80% | $10K min/No max | Soft Pull | Review |
| Colorado Federal Savings Bank | High Yield Savings | 1.75% | $1 min/No max | Soft Pull | Review |
| IncredibleBank | Money Market Account | 1.75% | $300K /No max | ? | Review |
| Investors Bank | eAccess Money Market Account | 1.75% | No min/ $2M max | Soft Pull | Review |
| M.Y. Safra Bank | Online Money Market | 1.75% | $5K min/$500K max | ? | Review |
| Sallie Mae Bank | Online Savings Account | 1.75% | No min/No max | Soft Pull | Review |
| Superior Choice Credit Union | Choice Investment Money Market | 1.75% | $50K min/No max | ? | Review |
| SunTrust Bank | Advantage Money Market | 1.75% | $10K min/No max | ? | Review |
| Banesco USA | Savings Account | 1.71% | $300 min/ No max | ? | Review |
| Alliant Credit Union | High Yield Savings | 1.70% | $100 min/No max | Soft Pull | Review |
| Discover Bank | Online Savings Account | 1.70% | No min/No max | Soft Pull | Review |
| Marcus By Goldman Sachs | Savings Account | 1.70% | $1/$1M max | Soft Pull | Review |
| Mutual Bank of Omaha | Money Market | 1.70% | $1K min/$1M max | Soft Pull | Review |
| Huntington Bank | Business Premier Money Market | 1.65% | $10K min/$2M max | Soft Pull | Review |
| Radius Bank | High Yield Savings Account | 1.65% | $25K Min/No max | Hard Pull | Review |
| Bethpage Federal Credit Union | Money Market Account | 1.60% | $500 min/No max | Soft Pull | Review |
| Discover Bank | MMA | 1.60% | $100K min/No max | Soft Pull | Review |
| SoFi Money $50 bonus | Savings Account | 1.60% | No min /No max | ? | Review |
| Personal Capital | Cash Account | 1.55% | $0 min/$0 max | ? | Review |
| Banesco USA | Money Market Account | 1.51% | $100K min/ No max | ? | Review |
| Umbrellabank | Money Market Account | 1.51% | $25K min/ No max | ? | Review |
| BBVA | Money Market | 1.50% | $10K min/No max | Soft | Review |
| Huntington Bank | Relationship Money Market | 1.50% | $25K min/$2M max | Soft Pull | Review |
| Aspiration ($25 bonus) | Spend & Save | 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 |
| Capital One 360 | 360 Savings | 1.00% | No min/No max | Soft Pull | Review |
Best State/Local Bank Rates
| Bank or Credit Union | States | Account Type | APY | Terms | Review |
|---|---|---|---|---|---|
| SharePoint Credit Union | MN | eSavings Account | 3.00% | No min/$10K max | Review |
| First Home Bank | FL | Advantage Money Market | 2.50% | $50k Min | Review |
| Mutual Bank | MA | Money Leader Money Market | 2.44% | $1k minimum opening deposit | Review |
| Great Southern Bank | TX | Money Market Account | 2.17% | $2.5k minimum to earn high rate | Review |
| Amboy Direct | NJ | eSavings Account | 2.10% | $1.00 min/$250,000 max | Review |
| Heartland Bank | OH | Money Market Savings | 2.10% | $25K Min To Earn Listed Rate | Review |
| Apco Employees Credit Union | AL | IRA Share Account | 2.02% | $25 minimum to earn high rate | Review |
| Unified Bank | OH | MMA | 2.01% | $20k minimum to earn high rate | Review |
| Central Minnesota CU | MN | My Goal Savings | 2.00% | $0+ minimum to earn high rate | Review |
| Home Loan Investment Bank | RI, MA | Premium Savings Account | 2.00% | $50,000 Minimum to Open | Review |
| Kearny Bank | NJ, NY | MMA Plus | 2.00% | $1M minimum to earn high rate | Review |
| Citadel FCU | PA | High Yield Savings | 1.90% | $10k minimum to earn high rate | Review |
| MapleMark Bank | OK, TX | MMA | 1.90% | $25k minimum to earn listed rate | Review |
| HarborOne Bank | CT, ME, MA, NH, RI, VT | Remarkable Savings | 1.85% | $5K minimum to earn high rate | Review |
| College Savings Bank | AZ | Honors Savings | 1.82% | $250 minimum to earn high rate | Review |
| Clinton Savings Bank | MA | Savings Account | 1.75% | $10.00 minimum to earn listed rate | Review |
| TBK Bank | TX | Money Market Account | 1.50% | $100k / 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 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 | 1.85% APY + $150/$300 Cash | Review |
| Discover® Online Savings Account | 1.85% APY | Review |
| American Express High Yield Savings | 1.75% APY | Review |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SapphireSM Checking | $1,000 Cash | Review |
| Chase Total Business Checking® | $200 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 | $2,000 Cash | Review |
| TD Bank Beyond CheckingSM | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 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 |
| CIT Bank Savings Builder | $300 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