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.
|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.
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 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 1.75% APY & $150/$300 bonus with the new online CIT Bank Savings Builder account. Earn $150 with a $25,000 to $49,999 deposit; $300 with $50,000 or more deposit.
- Earn a top tier, competitive APY on your money—one of the top savings rates in the nation.
- Earn 1.75% 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 1.50% APY at no minimum balance with the Discover Savings account.
- Available nationwide – paired with phenomenal customer service
- Get 1.50% 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.
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|
|HMBradley||Checking Account||3.00%||No min/No max||?||Review|
|Affinity Plus Federal Credit Union||Money Market Account||2.02%||No min/$25K max||?||Review|
|CFG Bank||High Yield Money Market||1.90%||$25k/No max||?||Review|
|Fitness Bank||Savings Account||1.90%||$100 min/No max||?||Review|
|Earn Bank||Savings Account||1.85%||No min/No max||?||Review|
|CIT Bank||Money Market Account||1.80%||$100 min/No max||Soft Pull||Review|
|American Express||Money Market||1.75%||No min/No max||?||Review|
|BMO Harris Bank||Money Market Account||1.75%||$5K min/No max||Soft Pull||Review|
|CIT Bank||Savings Builder||1.75%||$25K min/No max||Soft Pull||Review|
|First Foundation Bank||Online Savings||1.75%||$1K min/No max||?||Review|
|Live Oak Bank||Online Savings||1.75%||$0.01/$5M max||Soft Pull||Review|
|Patriot Bank||Online Money Market||1.75%||No min/No max||?||Review|
|VIO Bank||High-Yield Savings||1.75%||No min/No max||Soft Pull||Review|
|Prime Alliance Bank||Personal Savings||1.71%||$1.00 min/No max||?||Review|
|SFGI Direct||Savings||1.71%||$1/No max||?||Review|
|Citizens Access||Online Savings||1.70%||$5K min/No max||?||Review|
|Comenity Direct||High Yield Savings Account||1.70%||$1 min/$10M max||?||Review|
|HSBC Bank||Direct Savings Account||1.70%||$1/$2M max||Soft Pull||Terms|
|Marcus By Goldman Sachs||Savings Account||1.70%||$1/$1M max||Soft Pull||Review|
|Popular Direct||Savings Account||1.70%||$5K min/No max||Soft Pull||Review|
|TAB Bank||High Yield Savings Account||1.70%||$1 min/No max||?||Review|
|TotalDirectBank||Money Market||1.70%||$5K min/No max||?||Review|
|UFB Direct||High Yield Savings Account||1.70%||$25K min/No max||Soft Pull||Review|
|WebBank||High Yield Savings||1.66%||$1K min/$500K max||?||Review|
|BrioDirect||High Yield Savings||1.65%||$500 min/No max||?||Review|
|One American Bank||Freedom High-Yield Savings||1.62%||$50K min/No max||?||Review|
|First Internet Bank||Money Market||1.61%||$100 min/No max||Soft Pull||Review|
|First Internet Bank||Business Money Market||1.61%||$100 min/No max||Soft Pull||Review|
|VARO Money||Online Savings||1.61%||No min/No max||?||Review|
|American Express||American Express High-Yield Savings Account||1.60%||No min/$5M max||?||Review|
|Barclays||Online Savings||1.60%||No min/No max||?||Review|
|PNC Bank (Many States)||High Yield Savings Account||1.60%||No min/$5M max||Soft Pull||Review|
|Citibank (Many States)||Savings Account||1.60%||No min/No max||Soft Pull||Review|
|Quontic Bank||Money Market Account||1.60%||$150K min/No max||?||Review|
|Western State Bank||Money Market||1.60%||$0 min/ $3M max||Soft Pull||Review|
|Rising Bank||High Yield Savings||1.55%||$1K min/$500k max||?||Review|
|All America Bank||Mega Money Market||1.50%||No min/$50K max||Soft Pull||Review|
|Ally Bank||Online Savings||1.50%||No min/No max||?||Review|
|Capital One 360||Performance Savings||1.50%||$10K min/No max||Soft Pull||Review|
|CFBank||Money Market Account||1.50%||$25K min/No max||?||Review|
|CommunityWide Fed Credit Union||High Rate Quarterly Fund Account||1.50%||$500 min/No max||?||Review|
|Discover Bank||Online Savings Account||1.50%||No min/No max||Soft Pull||Review|
|Dollar Savings Direct||High Interest Savings||1.50%||No min/No max||?||Review|
|Investors Bank||eAccess Money Market Account||1.50%||No min/ $2M max||Soft Pull||Review|
|Pacific National Bank||Money Market||1.50%||$5K min/$240K max||Soft Pull||Review|
|PurePoint Financial||Online Savings||1.50%||$10K min/No max||Soft Pull||Review|
|Redneck Bank||Mega Money Market Account||1.50%||No min/$50K max||Soft Pull||Review|
|Sallie Mae Bank||Money Market Account||1.50%||No min/No max||Soft Pull||Review|
|SkyOne Federal Credit Union||High Yield Savings||1.50%||$1k/No Max||?||Review|
|SunTrust Bank||Advantage Money Market||1.50%||$10K min/No max||?||Review|
|Synchrony Bank||High Yield Savings||1.50%||No min/No max||Soft Pull||Review|
|CIBC Bank||Savings Account||1.45%||No min/$1M max||?||Review|
|able Banking||Money Market||1.40%||$250 min/No max||Soft Pull||Review|
|Bank7||High Rate Online Savings||1.40%||$100 min/$1M max||?||Review|
|Bank7||High Rate Online Money Market||1.40%||$5K min/$1M max||?||Review|
|Discover Bank||MMA||1.40%||$100K min/No max||Soft Pull||Review|
|PenFed Credit Union||Online Savings||1.40%||$5 min/$250k max||?||Review|
|Sallie Mae Bank||Online Savings Account||1.40%||No min/No max||Soft Pull||Review|
|TIAA Bank||Money Market Account||1.40%||$5K min/$250K max||?||Review|
|Alliant Credit Union||High Yield Savings||1.35%||$100 min/No max||Soft Pull||Review|
|State Bank of India||Money Market||1.35%||$0.01 min/No Max||?||Review|
|Beal Bank||Money Market||1.26%||$25K min/No max||Soft Pull||Review|
|Mutual Bank of Omaha||Money Market||1.26%||$1K min/$1M max||Soft Pull||Review|
|VirtualBank||eMoney Market||1.25%||No min/No max||?||Review|
|CNB Bank Direct||Premium Money Market||1.21%||$25k min/$2M max||?||Review|
|Bank5 Connect||High-Interest Savings||1.20%||$100 min/No max||Soft Pull||Review|
|Colorado Federal Savings Bank||Premier Savings Account||1.20%||$50K /No max||?||Review|
|Beal Bank||Money Market Account||1.11%||$25K min/ No max||?||Review|
|Umbrellabank||Money Market Account||1.11%||$25K min/ No max||?||Review|
|Huntington Bank||Relationship Money Market||1.10%||$25K min/$2M max||Soft Pull||Review|
|My eBAnC||eRelationship Savings Account||1.10%||$25K min/No max||Soft Pull||Review|
|Northfield Bank||Platinum Savings||1.05%||No min/$225K max||Hard Pull||Review|
|Northpointe||Ultimate Money Market||1.05%||$25K min/$1M max||Soft Pull||Review|
|Northpointe Bank||Ultimate Savings||1.05%||$25k min/No max||Soft Pull||Review|
|MutualOne Bank||Online Savings Account||1.01%||No min/$1M max||?||Review|
|State Farm Bank||Money Market Account||1.01%||$1K min/$5M max||?||Review|
|Aspiration ($25 bonus)||Spend & Save||1.00%||$10K min/No max||Soft Pull||Review|
|BankUnitedDirect||Money Market||1.00%||No min/No max||?||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|
|Capital One 360||360 Savings||1.00%||No min/No max||Soft Pull||Review|
|Colorado Federal Savings Bank||High Yield Savings||1.00%||$1 min/No max||Soft Pull||Review|
|Elements Financial||Helium Savings||1.00%||$2,500/$250K max||Soft Pull||Review|
|FNBO Direct||Online Savings Account||1.00%||No min/$1M max||?||Review|
|Huntington Bank||Business Premier Money Market||1.00%||$10K min/$2M max||Soft Pull||Review|
|My eBanc||Money Market Account||1.00%||$5K min/$No Max||?||Review|
|MySavingsDirect||Online Savings||1.00%||No min/No max||Soft Pull||Review|
|Salem Five Direct||eOneSavings||1.00%||No min/$1M max||Hard Pull||Review|
|American Heritage Credit Union||High Yield Savings||0.90%||$10K min/No max||Soft Pull||Review|
|Bethpage Federal Credit Union||Money Market Account||0.90%||$500 min/No max||Soft Pull||Review|
|BBVA||Money Market||0.80%||$10K min/No max||Soft||Review|
|BankPurely||PurelyMoneyMarket||0.75%||$25K min/No max||Soft Pull||Review|
|Bay State Savings Bank||Money Market||0.75%||No min/No max||?||Review|
|iGObanking||Money Market Account||0.75%||$25K min/No max||?||Review|
|North American Savings Bank||High Rate Savings Account||0.75%||$50K min/$5M max||?||Review|
|Quorum Federal Credit Union||Everyday Savings||0.75%||No min /No max||?||Review|
|EBSB Direct||Money Market||0.62%||$10K min/No max||?||Review|
|Credit Karma||High Yield Savings||0.56%||$0.01 min/No max||?||Review|
|Level Bank||Online Checking Account||0.50%||No min/No max||?||Review|
|MemoryBank||Money Market Account||0.50%||No min/$1M max||Soft Pull||Review|
|Superior Choice Credit Union||Choice Investment Money Market||0.50%||$50K min/No max||?||Review|
|IncredibleBank||Money Market Account||0.35%||$300K /No max||?||Review|
|USALLIANCE Financial||High Dividend Savings Account||0.33%||$500 min/No max||Soft Pull||Review|
|Betterment||EverydayTMCash Reserve||0.30%||No min/No max||?||Review|
|Wealthfront Cash||Cash Account||0.26%||$1 min/ $1M max||Soft Pull||Review|
|BankPurely||SavePurely||0.25%||$1 min/No max||Soft Pull||Review|
|Customers Bank||High-Yield Savings||0.25%||$25K min/No max||Soft Pull||Review|
|iGObanking||High Interest Savings||0.25%||No min/No max||Hard Pull||Review|
|My Banking Direct||Money Market Account||0.25%||$25K min/ No max||?||Review|
|M.Y. Safra Bank||Online Money Market||0.25%||$5K min/$500K max||?||Review|
|Radius Bank||High Yield Savings Account||0.25%||$25K Min/No max||Hard Pull||Review|
|Envision Bank||Savvy Savings||0.10%||$25 min/No max||?||Review|
|SoFi Money $50 bonus||Savings Account||0.10%||No min /No max||?||Review|
|Personal Capital||Cash Account||0.05%||$0 min/$0 max||?||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|
|Apco Employees Credit Union||AL||IRA Share Account||2.02%||$25 minimum to earn high rate||Review|
|Listerhill Credit Union||AL, TN||Money Market Account||2.02%||$100,000 minimum to earn high rate||Review|
|Central Minnesota CU||MN||My Goal Savings||2.00%||$0+ minimum to earn high rate||Review|
|TBK Bank||TX||Money Market Account||2.00%||$100k / No Max||Review|
|WauBank||AZ, CT, FL, MA, RI, TN, VA||High Yield Online Savings||1.85%||$5K Minimum to earn rate||Review|
|Great Southern Bank||TX||Money Market Account||1.73%||$2.5k minimum to earn high rate||Review|
|Amboy Direct||NJ||eSavings||1.51%||$1.00 min/$250,000 max||Review|
|College Savings Bank||AZ||Honors Savings||1.40%||$250 minimum to earn high rate||Review|
|HarborOne Bank||CT, ME, MA, NH, RI, VT||Remarkable Savings||1.25%||$5K minimum to earn high rate||Review|
|Sharon Bank||PA||High Yield Money Market||1.25%||$25K minimum to earn high rate||Review|
|Citadel FCU||PA||High Yield Savings||1.20%||$10k minimum to earn high rate||Review|
|Kearny Bank||NJ, NY||Money Market Relationship Building Account||1.15%||$15K minimum||Review|
|Home Loan Investment Bank||RI, MA||Premium Savings Account||1.05%||$50,000 Minimum to Open||Review|
|Clinton Savings Bank||MA||Savings Account||1.01%||$10.00 minimum to earn listed rate||Review|
|First Service Bank||AR||Savings Account||0.80%||$20k Min||Review|
|MapleMark Bank||OK, TX||MMA||0.65%||$25k minimum to earn listed rate||Review|
|Home Loan Investment Bank||RI, MA||Sky High Savings||0.45%||$50k minimum to earn listed rate||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 Chase SavingsSM account has a nice sign-up bonus.
|CIT Bank Savings Builder||$300 + 1.75% APY||Review|
|CIT Bank Money Market||1.80% APY||Review|
|UFB High Yield Savings||1.70% APY||Review|
|American Express High Yield Savings||1.60% APY||Review|
|Discover® Online Savings Account||1.50% APY||Review|
|CIT Bank Savings Builder||$300 Cash||Review|
|Chase Total Business Checking®||$300 Cash||Review|
|Chase Premier Plus CheckingSM||$300 Cash||Review|
|Chase Total Checking®||$200 Cash||Review|
|Huntington 5 Checking||$200 Cash||Review|
|Huntington Asterisk-Free Checking®||$150 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|
|HSBC Premier Checking Member FDIC||$475 Cash||Review|
|HSBC Premier Checking Member FDIC||Up To $700||Review|
|HSBC Advance Checking Member FDIC||$225 Cash||Review|
|HSBC Advance Checking Member FDIC||Up To $270||Review|
|TD Bank Beyond CheckingSM||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$150 Cash||Review|