Best Savings Accounts for September 2021

Savings accounts are a great place to park money you need access to quickly. Could you be earning more with a high-interest savings account?

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Savings account rates are on the move. That can make finding a high-interest savings account tricky.

Here's a tip, though:

Open an account with one of these banks, and chasing the best savings account interest rates becomes a thing of the past. makes it easy to start earning more money. We continually monitor the banking industry to identify some of the best high-interest savings accounts, and then we feature them here on this page.

Here's a quick list, but read on to learn why savings accounts are worth it and how to take advantage of banking trends - even in an environment where finding a high-interest savings account takes more effort.

Which Banks Have the Best Savings Account Rates?

Finding the bank with the best savings account to meet your needs is as simple as using our search tool. Try it now and find your high-interest savings account.

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Best Savings Accounts With Consistent Rates: Editorial Reviews

A high-interest savings account is great if you can count on the rate to stay high. Rates are not guaranteed, but the best banks for savings accounts tend to offer consistently higher rates on savings accounts.

Earn the Best Savings Account Interest Rates

The latest survey of savings account rates showed a decline in the interest rates banks are paying to savings account holders. Yet, most bank customers can still earn much more interest on their savings just by opening an account at one of the banks with consistently high rates.

The following select banks deserve your attention because you can earn up to five times more interest with a high-yield savings account from one of these banks than with the average savings account. By moving your savings from an average, branch-based account at a large, national bank to one of the best banks for a savings account, you can earn more interest.

Each of the banks below rank highly on our America's Best Rates survey, which finds high-interest savings accounts by averaging account APYs over an entire quarter.

The winners of the survey are the banks that changed their interest rates the least of all in the industry, giving customers confidence that their deposits are earning the most they can day after day in a high-interest savings account.

SFGI Direct Savings Account

It's not a fluke that SFGI Direct places high on MoneyRates' list of best savings accounts. No matter how the economic tide turns, SFGI Direct manages to offer industry-leading rates. It's consistency as a high-interest savings account provider drives confidence - and SFGI Direct has it hands down.

Pros Cons
  • One of the highest APYs offered by any online savings account
  • You need at least $500 to open a savings account online
  • No monthly service charge or minimum-balance fee
  • Quick and easy online-account setup

Type of account: Online high-interest savings account

About the bank

SFGI Direct is the online division of Summit Community Bank, which has locations in West Virginia and Virginia. It is FDIC-insured.

Key features

Simply put, consistent high-interest savings account rates and low fees are the best features of the SFGI Direct Savings Account.

Read SFGI Direct Savings Account Review

UFB Direct Savings Account

If you've got at least $10,000 to deposit, UFB Direct offers a high-interest savings account that could keep you quite happy over the long haul. But until you reach that threshold, it's best to look at other options.

Pros Cons
  • Competitive APY on balances of $10,000 or more
  • The APY on balances below $10,000 is 0%
  • No monthly maintenance or service fees
  • ATM fees from other banks may apply
  • Complimentary ATM card

Type of account: Online high-interest savings account

About the bank

UFB Direct is a division of Axos Bank, which was founded in 2000 and is located in San Diego, California. It is FDIC-insured.

Key features

Even though rates have dropped significantly, the UFB Direct Savings Account offered the highest APY in the America's Best Rates survey over the entire quarter. It offers the convenience of online banking, including access anywhere you can go online and 24/7 service.

Read UFB Direct Savings Account Review


During a period of serious economic headwinds, BankFive maintained the highest savings account interest rates over the entire quarter. BankFive is a small, regional bank based in Massachusetts and Rhode Island, but its eAccess Savings is an online savings account.

Funds are 100% insured

BankFive's offerings don't stop at savings accounts, though. Its real strength is that all BankFive accounts (checking, saving, money market, and CDs) are 100% insured. BankFive is a member bank of both the FDIC and the Depositors Insurance Fund (DIF). So the FDIC insures deposits up to $250,000 and the DIF insures amounts beyond the FDIC limits. There is no limit to the amount of coverage above the FDIC's $250,000 limit. That's a huge perk if you have large sums of money to keep safe.

  • One of the highest APYs offered by any online savings account
  • A $5 fee is charged if you make deposits at a branch
  • Deposits are 100% insured
  • Unlimited mobile deposits

Type of account: Online high-interest savings account

About the bank

BankFive was founded in 1855 as Fall River Five Cents Savings Bank. It has locations in Massachusetts and Rhode Island, but also operates online. It is FDIC-insured and DIF-insured.

Key features

Simply put, consistently high interest rates and 100% protection are the best features of the BankFive eAccess Savings account. BankFive also offers a robust banking app for iPhone and android and a special savings program for kids called the Nickles savings account.

Ally Savings Account

With online availability and no minimum to open an account, the Ally online savings account gives consumers around the country access to a Top-10 America's Best Rates savings account.

Pros Cons
  • Competitive APY on all balances without tiers
  • No branch access
  • No monthly maintenance or minimum balance fees
  • Free online banking and mobile app account access

Type of account: Online high-yield savings account

About the bank

Ally Bank operates out of Sandy, Utah and has one physical location. It was established in 2004 and is FDIC-insured.

Key features

The highly competitive interest rate applies to all balances, and Ally offers mobile deposit and other ways to manage your high-interest savings account efficiently online. Ally also offers money market accounts, CDs of varying lengths, and even an interest-bearing checking account. Ally offers a cool feature on its mobile app where you can visualize your savings as being in "buckets" depending on what you're saving for.

Read Ally Online Savings Account Review

American Express High-Yield Savings Account

Most people know American Express® for its personal and business credit cards, but it also has the American Express High-Yield Savings Account which offers savers a dependable solid return.

Pros Cons
  • Competitive annual percentage Yyield on all balances, no tiered rates
  • No ATM or debit card to withdraw cash
  • No monthly maintenance or minimum balance fees
  • Link up to three external accounts to transfer funds

Type of account: Online high-yield savings account

About the bank

American Express National Bank (Member FDIC) was established in 1989 and has one domestic branch at its headquarters in Salt Lake City, Utah.

Key features

The American Express High-Yield Savings Account serves its savings account customers with a high interest rate and no fees. The high-yield savings account can be linked to up to three external accounts to facilitate transfers in and out of your savings.

Read American Express High Yield Savings Account Review

Marcus Goldman Sachs High-Yield Savings Account

Goldman Sachs Bank USA offers the Marcus High-Yield Savings Account, which is consistently among the best of the online high-interest savings account offerings.

Pros Cons
  • Competitive APY on balances without tiers
  • No mobile check deposit
  • No monthly maintenance or minimum balance fees
  • Manage your account online and with free mobile app

Type of account: Online high-yield savings account

About the bank

Goldman Sachs Bank USA was established in 1990. The FDIC reports six branches for the bank, but only three are full-service, brick-and-mortar branches.

Key features

The Marcus High-Yield Savings Account features a competitive interest rate, no fees, and it's easy to open and manage your account. Electronic funds transfer and direct deposit are available too.

Read Marcus High-Yield Savings Account Review

Synchrony High-Yield Savings Account

Synchrony Bank USA offers another option for savers with its competitive interest rates. The Synchrony High-Yield Savings Account also keeps fees low, even refunding up to $5 in domestic ATM fees every month.

Pros Cons
  • Competitive APY on balances
  • Checking accounts are not available
  • No monthly maintenance or minimum balance fees
  • ATM access to your savings

Type of account: Online high-yield savings account

About the bank

Synchrony Bank is based out of Draper, Utah and has one full-service, brick-and-mortar branch at that location. It was established in 1988.

Key features

The Synchrony High-Yield Savings Account offers all of the common best features of those listed here - a competitive interest rate, no fees, and it's easy to open and manage your high-interest savings account. One feature that isn't common among these banks is you can get an ATM card that charges no ATM fees, although fees may be charged by the bank that owns the ATM machine you use. But even then, Synchrony refunds up to $5 in ATM fees every statement cycle for eligible Synchrony savers.

Read Synchrony High-Yield Savings Account Review

Capital One 360 Performance Savings Account

The Capital One 360 Performance Savings account is not only offered online, but also at branches all over the nation. So the fact that its interest rate is consistently among the highest in the industry is rather unusual. It's easy to open an account and start saving, plus there are no fees to worry about.

Pros Cons
  • Competitive APY on balances
  • No ATM access for withdrawals
  • No monthly maintenance or minimum balance fees
  • No minimum to open an account

Type of account: Online high-interest savings account

About the bank

Capital One Bank is based in McLean, Virginia, and was established in 1933.

Key features

The best features of the Capital One 360 Performance Savings account are the high interest rate, no fees, and branch locations across the country.

Read Capital One 360 Performance Savings Review

Barclays Savings Account

Barclays Bank is another large bank that keeps its online high-interest savings account in the competitive range. It offers the Barclays Online Savings Account, which maintains a low fee structure in addition to its higher interest rates.

Pros Cons
  • Competitive APY on balances
  • No ATM access available
  • No monthly maintenance or minimum balance fees
  • Mobile deposit and convenient mobile apps

Type of account: Online high-yield savings account

About the bank

Barclays Bank is headquartered in Wilmington, Delaware, with roots back to London that go back more than 300 years. It was established in 2001 in the U.S.

Key features

The Barclays Online Savings Account consistently offers one of the most competitive rates combined with no fees, and it's also easy to open and manage your account. Adding to your high-interest savings account is easy to do with online mobile apps and mobile deposit.

Read Barclays Online Savings Account Review

How We Chose the Best High-Interest Savings Accounts and Banks

At any point in time, it's fairly easy to identify the best high-interest savings accounts. MoneyRates regularly updates a large list of savings account rates.

The problem is that savings account rates can also change at any time. There is no guarantee that the best banks for savings accounts with the best rate on the day you sign up for a bank account will continue to have the best rate in the months ahead.

However, a series of interest-rate studies by MoneyRates has shown over the years that most of the banks that are near the top in savings account rates tend to stay there quarter after quarter, year after year. Sure, some newcomers enter the scene and occasionally one of the leaders drops back, but most of the strong high-interest savings account performers continue to offer competitive rates consistently.

For this reason, continuously monitors rates from hundreds of banks and tracks banking trends by measuring rates in a representative cross-section of the banking industry through its America's Best Rates survey. This cross-section includes 50 of the largest deposit institutions in the United States and represents nearly three-quarters of all deposits in U.S. banks.

The best savings accounts with consistently high rates are chosen from the top ten banks in the America's Best Rates survey every quarter.

Are Savings Accounts Worth It?

Yes, they are. High-interest savings accounts are a great place to park your emergency fund, which is money you can access fairly quickly and easily. You don’t want to put your emergency fund in an investment, because with the daily fluctuations of the market, even in conservative investments, you sometimes must wait to recoup your money when there’s a dip in the market.

A high-interest savings account is also a good place to stash money you’ll need within the next few years for a down payment on a house, a new car, or even a new addition to the family. Even if not used for an emergency, if it’s money you’ll need within the next five years or so, a savings account is useful.

If you have a hard time saving money, a high-yield savings account separate from your other accounts could help. An online high-interest savings account can still give you fast and easy access to your money, but you may not be as tempted to spend it.

Here are three reasons why high-interest savings accounts are worth it:

  • You can think of a savings account like a holding pen for your money.
  • While savings account interest rates have declined over the years, a high-yield savings account will still earn you money with your money, something you typically won’t see with a checking account.
  • Savings accounts are usually free or very low cost. Fees are waived in many instances, and it doesn’t take a lot of money to open one.

Taking Advantage of Savings Account Trends

A clear trend that the America's Best Rates survey has identified is a large gap between the average savings account rate and the rates offered by the best banks for savings accounts. That gap varies, but it has been as much as 1% in recent months.

This wide gap between the best and average rate means there is plenty of room for most savings account customers to improve their interest rate by putting their money in a high-interest savings account, since most savers earn something closer to the average than to the top rate.

If you're among those whose savings earn next to nothing, this means you could actually raise your rate while most people earn less. All you have to do is find a high-interest savings account and transfer your funds. It's one of the simplest ways you can make more money this year.

The online-banking trend pays

You can take advantage of another savings account trend by switching from a traditional bank to an online bank.

A good place to find high-interest savings accounts is with online accounts. Throughout the entire history of the America's Best Rates study, online savings accounts have earned higher interest rates than traditional, branch-based accounts. As of the most recent study, online accounts were earning 17 times more than branch-based accounts.

Consistency is the trend that counts

While savings account rates change all the time, the list of banks with the highest rates stays remarkably consistent. This consistency means that shopping for rates doesn't mean changing banks constantly. If you switch to one of the high-yield savings accounts, chances are you'll be near the top for some time to come.

What to Consider Before Opening a Savings Account

You might find a high-yield savings account either online or at your local bank branch. Naturally, the idea of a high-interest savings account sounds good, but here are four things you should check on before you open one:

Legitimacy of the financial institution

Is your bank or credit union well-established and does it have a great reputation for customer service?

Extent of FDIC insurance coverage

Make sure the institution is insured by the FDIC. If you qualify for a high-yield savings account for making a large deposit, make sure the amount does not put you over the FDIC insurance limit, which is currently $250,000 per depositor, per institution.

Restrictions on access to your money

A high-interest savings account may limit how often you can access your money. If you can live with those limitations, take advantage of that strong yield. But if not, look for a savings account that offers looser restrictions.

Should you get an ATM card?

Some accounts offer the option for an ATM card, including online savings accounts. This may sound like a nice perk, but before you opt for one, ask yourself a couple of questions:

  • Would easier access result in more spending? If this account is for savings, is having easier access to your money going to hurt your savings habits?
  • Are you sacrificing a higher interest rate for the ATM card? If so, you might be better off with a conventional checking account for your short-term funds, while finding a high-interest savings account or money market account for your long-term savings.

3 Savings Account Options and Levels of Liquidity

It is important to figure out precisely what you mean when you say you want to keep the money liquid. Is the liquidity need a short-term certainty, or just a possibility that could occur sometime in the next few years? Will your liquidity need apply to all $40,000, or just a portion of it?

Depending on your answers, here are some options:

1. Savings account or money market account

If you need full liquidity at any time, a savings account or money market account with FDIC insurance coverage is the most appropriate option. These allow immediate access without penalty, do not fluctuate in value, and offer the security of FDIC insurance limits up to $250,000 per deposit, per covered institution for deposits.

2. A CD with a moderate early withdrawal penalty

The trade-off with certificates of deposit is that they typically offer higher interest rates than savings or money market accounts, in exchange for locking your money up for a specified period of time. If your liquidity need is at least several months in the future, and/or is only a slight possibility rather than a high probability, the extra yield you can earn on a CD might be worth risking the early-withdrawal penalty, especially if you can find a CD offering a relatively mild penalty.

3. A CD ladder

If your need for liquidity applies to only a portion of your $40,000, you might consider investing just that portion in a savings or money market account, while putting the remainder in long term CDs. If you anticipate a series of liquidity needs in the months or years to come, a corresponding series of CD terms with a CD ladder might give you the best combination of yield and liquidity.

Frequently Asked Questions

A savings account is money on deposit that earns interest. Savings accounts may be offered by banks or credit unions. Savings accounts are not designed for frequent transactions like bill payments, but represent a way to keep your money safely earning interest and available when you need it.

While you may use a checking account for paying regular expenses, a savings account is a good place to start accumulating money for future needs.

The advantage of having a savings account is that they typically earn more interest than checking accounts. Also, when you are trying to save money, it can help to have your savings kept separate from an account you are accessing regularly for living expenses.

Savings accounts are guaranteed by an insurance fund operated by the Federal Deposit Insurance Corporation (FDIC), an agency of the U.S. government. Credit unions are also federally insured by the National Credit Union Administration (NCUA), not by the FDIC.

In each case, the insurance limit for each depositor at a given bank is $250,000 for individual accounts and $500,000 for joint accounts. You can increase your deposit insurance coverage above these amounts by having money on deposit at multiple banks.

You can take money out of a savings account at any time, but you are limited to six withdrawals per month.

A high-interest savings account is a good place to set aside money for needs you expect to arise within the next year or so, such as buying a car or making a down payment on a house. For long-term needs, you may want to consider a long-term CD because they typically offer more interest. For very long-term goals like saving for retirement, an investment account may be more appropriate because the opportunity for investment growth gives you a better chance of staying ahead of inflation.

Because you can access money in a high-yield savings account at any time, they are also a good place to put an emergency fund. An emergency fund is money you have set aside for unexpected needs.

Money market accounts have many of the same features as savings accounts, so it is a good idea to compare interest rates between savings and money market accounts to see which offers the highest rates. Another alternative is a CD, which could pay higher interest if you are confident you won't need to access your money for a specific period of time.

In many ways, savings accounts are ideally suited to online banking. Online checking accounts can also be convenient, but given the frequent access to your money you are likely to want with a checking account, you are more likely to need to access your account via a branch or an ATM, which may not be available in your area if your bank is based online. In contrast, savings accounts generally require less frequent access, and online savings accounts can give you the tools to remain more up-to-date on your finances than if you had to wait for paper statements from a traditional account.

Because of the cost savings that online savings accounts represent to banks, you may find that these accounts offer the most competitive interest rates. That, more than in-person access, is really the key feature of a savings account.

There are some excellent online savings accounts available from banks that do business primarily via the Internet, but more and more traditional banks are also now offering extensive online capabilities. The bottom line is, you should include both Internet banks and traditional banks in your comparison of savings accounts, and this will give you the best chance of finding the best interest rates. Also, broaden out your search to include money market accounts, since these are generally very similar in character to savings accounts.

With any form of online banking, remember to use common sense security procedures. Keep sensitive information like account numbers closely guarded, and remember that it is probably much more secure to access your account from home than from a public Internet access point like a Wi-Fi hot spot.

If you are concerned with finding the best rates on savings accounts and money market accounts, the answer may well be "yes."

First, consider some of the more qualitative pros and cons of online banking. You won't have the kind of personal relationship you might develop with a local bank branch, and you might miss that if you depend on your bank for individualized advice and service.

On the other hand, for tech-savvy customers, great service might be defined more by having up-to-date information on their accounts available anywhere, anytime online. Of course, there are security concerns with online banking, but some sensible cautions can help reduce those risks. Frankly, banks keep all customer data electronically these days, so no customer is immune to the risk of electronic information theft.

When it comes to savings accounts or money market accounts, as opposed to a more transactions-oriented checking account or a more judgment-based lending relationship, the notion of old-fashioned personal service might not be as relevant anyway. After all, the idea is to put money in these accounts and largely leave it alone for a while.

So, taking personal service out of the equation to a large degree, the question with online savings accounts and money market accounts is whether they deliver in terms of higher rates. The answer in many cases seems to be "yes." According to the analysis of America's Best Rates, online banks were prominent among those consistently offering the best savings account and money market rates. So, at the very least, online banks are worth a look for these accounts.

David Ruelas 6 January 2017 at 6:56 pm

United Bank is offering 1.25% APY on money markets.

Kevin Williams 22 April 2016 at 2:25 pm

I have been with Ridgewood Savings Bank for 5 years .The customer service in this bank has exceeded my expectations. Manager helped me get organized in a way that has helped me grow my business. I recommend that any young entrepreneur or start up to get signed up with their business banking services as it can be difficult for an artist/creative person to get organized. I also have an account here and I am very satisfied with this bank. Incidentally, if you are searching information aboutRidgewood Savings Bank you can find it here

HungryByteman 31 December 2014 at 6:08 am

Hey, RICH NG,How about telling us where BECU is, because the BECU in Washington State is almost as low in their rates as the CU's in SC, under half a percent.

rich ng 21 November 2014 at 2:48 pm

Don't see credit unions either... Maybe not considered banks? BECU offers 2% interest for their premium no fee checking...

Linda Rowsey 30 October 2014 at 11:13 pm

I do not see Wells-Fargo in the 148 pages of banks listed. Did I miss it?

Smith 22 September 2014 at 2:07 pm

Clayton Bank and Trust is offering a new Prime-Based Money Market Account with no minimum balance to open the account or earn the APY, which is currently 0.75%. The rate is WSJ Prime minus 2.5, so you won't need to rate shop when prime moves. There are also no fees or complicated requirements.

Harry 12 August 2014 at 9:26 pm has 1.00% with no minimum and no fees!

Bree Martin 16 May 2014 at 6:35 pm

FSG Bank in East Tennessee has a great rate of .75% on $10,000 I was looking for somewhere to park some liquid cash for awhile and they were great and easy to deal with.

Julie Baek 24 September 2013 at 12:02 am

I was looking around for a higher interest savings account so i had been purusing sites looking for the best deal. I ultimately found mine beause my mother in law saw an ad in the korean newspaper. I opened my account today at First Choice Bank, my experience was pleasant nothing negative to report, its their high yield savings account, minimum: $10000, 1.00%, this rate will not change for a year, and you have to open the account by 11/30/2013, I think you have to go into the branch to open though which was fine with me since I happen to live closeby to one of their branches. I think their website has a list of all their locations ( They are only in southern california so if you live nearby its pretty convienient.

Richard Rosenberg 24 August 2013 at 1:00 am

We opened a M.M. account with Amtrust Direct which pays 1.05%. Take it from me its not worth the difference between other internet banks. We sent the application in 7-11-13 and today its 8-23-13 and all issues have not been addressed. Its been a absolute nightmare dealing with a staff that doesn't know whats going on. The time ive been on the phone with the bank has been a total WASTE. Richard Rosenberg

Peter 2 June 2013 at 1:12 pm

Barclays has now dropped to .90% and didn't notify me of the rate change. Salem Five is a mess. They offered a great rate, and I set up an account only to be informed after the whole process that the rate was for new money only.

Doug 8 April 2013 at 8:52 pm

I'm a big fan of Barclays as I have been with them since June, 2012 and their interest rate has remained 1% the whole time.

Michael 12 February 2013 at 3:14 am

Salem Five is offering 1.25%, but setting up an account with them is very tedious and we just learned they have very low limits for making deposits and withdrawals on line. First deposit has to be by mailed check. We set up an account and ended up closing it after having to repeatedly call them for clarification of their policies and procedures. Opened an account with CITbank(1.00%) that went very smoothly. Much better experience.

Mary 23 January 2013 at 5:06 pm

TIAA Direct's savings account APY went down to 1.00% for all balance amounts.

Maria - MONEYRATES MODERATOR 15 January 2013 at 6:36 pm

Hi Doug, My apologies for the oversight and not responding to your earlier email. Barclays is included in our list. Take a look at our Best Savings Accounts page Barclays Online Savings Account is currently listed on the fifth page of our financial institutions list. According to Barclays website they have over 300 years of banking history and currently have banking operations in over 50 countries including the U.S. Barclays Bank Delaware is FDIC insured. Thank you for contacting us!

Jean 14 January 2013 at 5:12 pm

I am checking rates and also comments on institutions. I note that none of the comments posted here are past September 2012. It is now January 14 - are there any more current comments?

Norman Ross 8 January 2013 at 1:30 am

Salem Bank 1.25%

Corey 20 December 2012 at 4:57 am

Be sure to check credit union accounts. I make my living through a Fortune 500 company that has their own credit union available for us. The regular savings account that I have with them has been earning around 2.4% APY for the past 2 or 3 years. It also has very easy and favorable terms for the everyday common man. Be sure to look into this sort of thing at your workplace if you work for a large company.

Doug 10 December 2012 at 4:51 pm

I will ask it again: What is the reason that Barclays is not included on your list?

Monty Berry 6 December 2012 at 1:43 am

UFB Direct now at the great low rate of .80. I moved money from American Express back in July to UFB when they were at 1.30. Now American Express is higher.

Eric Deleon 20 October 2012 at 7:02 am

Careful with Sallie Mae. They may have a good rate now and then but they can actually "set off" money from any SM account you have if you owe money on student loans from them(which most students are not aware of); banks are not legally required to inform you if they take your money from an account you have with them, only after they have already done so. Technically, if you have a loan from them, you owe them money, but if you have priority payments e.g., rent, utilities, insurance, etc., this can be a pain in the ass. If you have an unpaid loan from Sallie Mae, DO NOT bank with them! Simple rule: "Don't bank where you've got debts."

Dennis Bell 2 October 2012 at 7:32 pm

Don't forget Sallie Mae Bank. Paying 1.05% on savings as of 10/02/12

Sandra H. Myers 30 September 2012 at 9:30 pm

American Express lowered the interest rate after I opened my account and has never paid the advertised rate again. Currently they are advertising .90%. My last statement dated September 1 paid .87%. Shopping now for better rates.

Bill Garrison 27 September 2012 at 3:43 pm

I have a pre-paid credit card with a savings account option paying 5% APR. Is that good?

Doug 20 September 2012 at 6:44 pm

Why isn't Barclays listed? They have been paying 1% for some time now.

Maria - MONEYRATES MODERATOR 9 September 2012 at 9:46 pm

Hi Tim, Thank you for letting us know that UFB Direct has lowered their MMA rate to 1.10% APY. Deposits for UFB Direct are FDIC insured through BofI Federal Bank. Thanks again!

Tim 7 September 2012 at 4:04 am

Looks like UFB Direct has lowered their MMA rate to 1.10% APY now.

Alan 17 August 2012 at 8:18 pm currently offering FDIC insured MMA @ $1.30% APY

MARIA - MONEYRATES MODERATOR 9 August 2012 at 12:08 am

Hannah: Thanks for your comment. Regulation D applies only to certain types of electronic and telephone transactions. Unless otherwise prohibited by the bank, customers should be able to make as many withdrawals as they like from their savings account via in-person transactions such as branch and ATM withdrawals. But to avoid any confusion, I've amended the article slightly to reflect this distinction. You can also find more specifics on Regulation D as it pertains to savings accounts on page 3 of this document from the Federal Reserve: Thanks again, Maria

Trudy 27 July 2012 at 11:38 pm

It appears that TIAA Direct is currently not taking on any new accounts.

Hannah 21 June 2012 at 12:54 pm

Hi Julie - isn't it a bit misleading to say "There are no limits to the frequency or amount of money you can remove from typical savings accounts."? Regulation D limits the number of withdrawals made per calendar month from US savings accounts to 6. Many customers are confused by this, and it might be helpful to make a note of this in your otherwise excellent overview.

P Smith 3 May 2012 at 7:14 pm

I am currently earning 2.01% on my checking account at Cardinal Bank. They have 27 locatons in VA, DC and MD. There are some stipulations, but who doesn't have them? I could not be happier. Great people to work with and a great rate on balances up to $100K.

Yoni 10 April 2012 at 8:37 pm

I recently spoke with a capital one banker, they have a checking account that offers 1% for the first year provided that you have a minimum balance of 5k. I think I'm going to open one.

Maria - MoneyRates Moderator 25 March 2012 at 11:34 pm

Hi Jim,Thanks for the tip about TIAA Direct which is a division of TIAA-CREF Trust Co, FSB, Member FDIC. We added their products to our rate list. And currently the products are available nationwide. If anyone has any experience with TIAA Direct please submit a comment, we would appreciate hearing about your experience. Thanks!

Maria - MoneyRates Moderator 25 March 2012 at 11:18 pm

Hi Elvis,We often respond directly to the individual who contacts us, however point well taken and we will do our best to respond in our comment section. Thanks for the valuable feedback!

Brown Financial 25 March 2012 at 8:04 pm

What a great comparison of savings account rates!! Had to share this. It's important everyone knows the value of shopping around even when it comes to your bank accounts. Every penny counts these days, why not keep more of your money in your own pocket!

Elvis 20 March 2012 at 5:58 pm

Can the focals at Moneyrate verify the top rates suggested by the readers AND give stability information on the bank??????Summary: cardinal - 2.1% upto $100,000 FDIC insured Washington Saving Bank - 1.5%, Massachusettes ONLY ING Direct - 0.9% Electric Orange checking Acct Provident Credit Union(CA) - 2.06% Super Rewards Checking upto $25,000

jim 14 March 2012 at 1:40 pm 1.25 % mma

Roz 4 March 2012 at 4:16 pm

I see Washington Savings Bank has a 1.50% rate. Can anyone tell me where this bank is located and its contact information.Thanks.

R 9 February 2012 at 1:08 am

Is AmTrust really capped at $100,000? Their customer service says they pay 1.15% from 5K through 250K. Please call them and verify.

ddofsea 21 January 2012 at 9:28 pm

consumers credit union @ 4 % rewards checking as / of 01 / 21 / 2012

Scott 14 December 2011 at 12:15 pm

I received this message from Smarty Pig on December 2:Effective Friday, December 9, 2011, the interest rate paid on SmartyPig savings accounts will be adjusted. The interest rate earned on balances* $0.00 - $50,000.00 will be 0.698% (0.70% APY). The interest rate earned on balances* above $50,000.00 will be 0.499% (0.50% APY). *Balances: For purposes of calculating balances for determination of the rate tier that applies, total balances of all goals within your SmartyPig profile will be aggregated.

Leanna 6 December 2011 at 9:39 am

Discover (the credit card company) has an interest rate of 1.00%, minimum to open is $500, no minimum to earn interest or avoid fees, and is accessed via ACH transfers. I might go with this one because I already have a credit card through them and love them. Their transfers always clear by the same business day.

r2u 22 November 2011 at 8:25 pm

ING rates have dropped again. They are now at .79

Rory 13 November 2011 at 5:10 pm

A Credit Union in California ... check out Provident CU which offers approx 2.06% on it's Super Reward Checking a/c - look in 'search function.

Rachel 9 November 2011 at 3:50 pm

Linda Thanks for the tip. Just what I was looking for. As a side note, I could not find the special program on their website, but when I chatted with representative and inquired about the special 4 month promotion I was given a link. Thanks again.

Linda 4 November 2011 at 7:32 pm

FlagStar Bank offers an on-line savings account interest rate of 1.25% APR guaranteed for 4 months

Linda 8 October 2011 at 1:44 pm

I agree with Susan about Capital One in that Interest rate keeps going down for Interest Plus Online Savings. Was 1% on 9/9 and 0.95% on 9/30 and 0.85% on 10/8. The HIgh Yield Money Market is now down to 0.65%. I am beginning to look elsewhere although no matter whom you go with, your initial "too good to be true" rate will quickly drift. The truth is the banks do not want us to store our cash with them,.All of this depends on how much time and aggravation one is willing to settle for in constantly changing banks.

Carl 2 October 2011 at 7:53 pm

WSFS in Wilmington,De. has a 90 day promotion of 1.24 percent interest

Susan 23 September 2011 at 5:01 pm

Capital One slashed its interest rates on September 21, 2011. Its APY on money market accounts plunged to 0.65%. Its APY on Interest Plus Savings Accounts plummeted to 0.85%.

Chris Gallager 11 September 2011 at 7:20 pm

I found a 43 year old federal government employees credit union in Panama offering 4% on regular savings accounts in US dollars. It is called COACECSS, they are the Social Security Employees credit union (over 15,000 members), and they generally do not open accounts for foreigners (non Panamanians), but through this law firm POLS ( I got an introduction and they helped me setup an account.

RightSide 3 September 2011 at 1:18 pm

CapitalOne has not failed me. I keep coming here hoping to find something better, but other banks have high minimum balances, require additional accounts, rates that drop off quickly, etc. CapitalOne only requires $1,000 and you earn one of the most competitive rates at any given time. They are always right near the top. That's why I have been with them for 3 years and haven't switched to anyone else.

Joann Kingsley 5 August 2011 at 7:29 pm

Capital One has 1.10% APY for InterestPlus Online Savings Account, $1000 min, no fees plus 10% quarterly bonus on interest

Heather 29 July 2011 at 9:32 pm

First Choice Bank, tiered MMK $2500-$99,999, APY 0.90%; $100,000-$499,999, APY: 1.00%

There 25 July 2011 at 4:19 pm

Cinco Credit Union or Kemba Credit Union 3.75% for a checking account, much better rate than these savings accounts listed!

DS. 22 July 2011 at 5:59 am

Everyone would like the best savings interest rates. Why not cover off-shore banks?I understand you can get 6% - 8% interest in India or other countries. Perhaps even China offered 5% recently since it's key lending rate went up to slow down it's economy.Seriously, we all know about off-shoring. There are just some tricks to get an account or international and legal access (US Laws and Regulations some what interefer).

Brian 14 July 2011 at 3:55 pm

Hudson City Savings Bank, NJ...1.05%

Max Brimberg 3 July 2011 at 4:57 am

Capital One is paying 1.14% to Costco members in a savings account.

ridgewood savings 19 June 2011 at 3:20 pm

Money market insured 6/11 bayside NY branch only, 25 k min 1.75% fixed til 12/31/11. six withdrawals per month permitted

fred winer 8 June 2011 at 6:33 am

you can get 4%/year at communication federal credit union up to 30,000.00 rules are 1.bill paid by draft,2.debit card used 12 times a month,3. 500.00 sent to credit union once a number for the branch i go to is (918) 665-3760 i forgot to say that the 500.00 has to be sent to the credit union by electronic means.anything over 30000.00 only gets 1%/year.the branch i go to is in tulsa but i believe they have other locations across oklahoma and also in kansas and missouri

RV 2 June 2011 at 8:35 pm

SmartyPig is going down to 1.09% from June 15

Blair 2 June 2011 at 7:42 pm

Smarty pig is about to reduce their APY to 1.10% as of June 15th 2011

Davide Larenzo 4 May 2011 at 11:48 pm

SAC Federal Credit Union in Sarpy and Douglas County, Nebraska offers 3.00% interest to shareholders owning a checking account with a debit/credit card and making at least 12 debit/credit transactions a month. The 3% APY is paid monthly for checking account balances up to $25,000. I believe only residents of the 2 counties qualify for membership.

John Weaver 23 April 2011 at 4:42 am

Oops, Treasure State Banks Money Market account yields 1.95% APY

John Weaver 23 April 2011 at 4:40 am

Treasure State Bank, Missoula, MT Terms: $1000 Min., 6 free withdrawals per month Opened Jan 2011 Can be opened by phone, mail, or in bank

Doug R 16 April 2011 at 2:57 pm

The Palladian Private Bank has not offered online deposits for some time. Their name should be removed from this list.

Deen 12 April 2011 at 2:02 pm

Discover bank rates are also good.

robert kilgour 1 April 2011 at 5:28 pm

what is the current rate of interest for a 1 year, 1 1/2 year, and 2 year cd at US Bank

BILL 22 March 2011 at 4:02 pm

Presidential Bank has dropped their savings rate from .63 to .50. Second drop this month. Chg acct rates also dropped again from .50 to .38

Blair 11 March 2011 at 9:57 pm

salliemae has reduced to 1.10% smartypig seems to be the best bet right now

Tim 10 March 2011 at 4:22 am

Hello - the 1.75% rate listed for the AmericaNet Bank MMA acount is no longer available. When you go to their website and click on the MMA account it is showing "Sorry Sold Out" and has shown that for awhile.Thanks for the great website!-Tim

Brittney 7 March 2011 at 8:27 pm

Sallie Mae Bank Online, APY 1.25% Savings Account (variable) opened November 2010, minimum to apply $0

MSaDave 7 March 2011 at 8:08 pm

Many thanks for sharing this helpful information here.

Tom 4 February 2011 at 3:36 pm

Leonor: Re NetSpend debit card. You do receive 5% up to a maximum of $10,200, but it will cost you more than that to ever get the money out of the account. That is the trick. My advice: AVOID.

Jim 31 January 2011 at 3:05 am

Would anyone recommend Customers Bank in PA for the MMA????Thanks.

Leonor 30 January 2011 at 11:28 am

I have a netspend visa debit card that offers a savings account plan that pays 5.00% APY, How is this bank able to offer a higher return than the more recognized banks? Or am I reading the numbers wrong?

Sandra L Ross 23 January 2011 at 11:51 pm

CapitalOne Bank is offering 1.25% interest on Direct Banking Savings accounts. This is an increase from 1.01%. No checking link is required and may be opened with $1.00. A 10% bonus on earned interest is offered if your balance remains above $10,000.00 for the previous three months, and is deposited to your account for the next quarter. In an age where interest rates are extremely low, I find CapitalOne to be consistantly above the rest of its competitors.

Thomas B. 17 January 2011 at 8:23 pm

I am looking for the best savings rates for those with Trust Accounts (living trust). Many of the online savings institutions with FDIC insurance so not authorize trust account applications. Is there a listing of which ones will take trust accounts? Can you add information to your rate listings indicating if they take trust accounts? TUVM

dan 3 January 2011 at 7:08 pm

smartypig dropped to 1.35% today

Jen 1 January 2011 at 5:01 pm

Soopers Credit Union in Denver Colorado has a Rewards checking account which yields 3.75% APY. The three stipulations are 1. you must have one direct deposit account set up, 2. you must sign up for e-statements, 3. you must use your check card 15 times per month. I think the hard part will be to keep an invisible line between what is to be saved and what is available for spending with keeping your savings in a checking account. But I'm trying at that rate.

Mick Rogers 7 December 2010 at 11:38 pm

American Express Bank has a savings account that is simple yet high yielding (currently 1.3%). No minimum balance required. No fees. They do not require you to open a checking account, mortgage, car loan nor direct deposit. Literally no strings attached. It's ideal for out-of-state use because of the internet. You will need a checking account at whatever bank or credit union that is most convenient for you (probably a credit union because most don't charge to maintain a checking account). You then transfer funds to and from this account as needed via the internet (very easy, convenient and fast). Six (6) withdrawals per month are allowed (this is the same for every savings and money market account in the country mandated by the Federal Government). Then just pay your bills or financial dealings using this checking account which allows unlimited transactions and addition benifits such as free Bill Pay. This is the best deal I could find and even competes very favorably with certificates of deposit without tieing up your funds. CHECK IT OUT

Bernice 24 November 2010 at 9:34 pm

from FirstMerit bank on Orchard ave, they have a savings acct at 1.25% the min. bal required to open is 1.00 for real 1.00 call them 630.907.4500 they are so nice they are 2430 w Indian trail rd in aurora IL

kimmers 13 November 2010 at 2:37 am

Wachovia offers the way 2 save account. 3% for 1 year, you can put up to $100 a month in the account and you can put additional money in the account every time you buy something with your debit/check card.

frank 12 November 2010 at 8:28 am

Capital One is saying that they will give me 1.3%APY for an online savings account - plus a bonus for depositing. Sounds pretty good to me - am I missing something?

austin 11 November 2010 at 9:58 pm

ing direct's orange savings account has 1.10% APY with no minumum to open.

Walter Galbraith 17 October 2010 at 4:40 pm

Hello,There is a bank that has a new money market rate of 2.1 % for deposits under $10,000.00. My Bank First UnitedWalt

Aravind 1 October 2010 at 4:45 pm

Evantage Bank's Rewards Checking has been giving me 4.0% for over a year now.... the "catch" is that I need to make 10 checkcard transactions per month (though there is no minimum transaction size, and I can make the transactions over the internet).

CHris 30 August 2010 at 5:53 pm

Huntington Bank is currently paying 1.51%.

Praveen 25 August 2010 at 12:01 am

High-Yield Savings Account by Sallie Mae is giving 1.40% interest, which is higher than all the other banks shown here.

Paul Malley 18 August 2010 at 1:16 am

SSallie Mae BankHigh-Yield Savings Account by SallieMae Current Rate 1.40 % No minimums No monthly feesSallie Mae Bank at this web address:

earlene bacon 2 August 2010 at 6:46 pm

security bank offers 1.51% on rewards checking w/10 debits and free atm fees

steve gompertz 17 June 2010 at 9:32 pm

ing direct ( has 1.1% savings and an electronic internet only checking account that is very convenient

Megan 17 June 2010 at 6:48 pm

CNBBankDirect is offering 1.25 APY with only a $1 opening minimum balance to earn that rate.

Shari 17 June 2010 at 1:21 pm

Dollar Bank of Pittsburgh and local branches in Cleveland, OH offer 2.50% for free money savings.

Lynn Edwards 27 May 2010 at 1:21 am

Provident Community Savings Bank, 2700 Celanese Road, in Rock Hill, South Carolina offers their Dream Checking account at an over 4% monthly interest rate with balances up to $30,000, There are a few stipulations, like making so many ATM purchases, having one direct deposit and using electronic banking, but this is easy to manage. You can also link a Dream Savings account to this for a 2% rate on savings. Best one I've found so far in this crummy economy! You do have to apply in person, though, so living near the area is a bit of a must.

Dewayne 10 May 2010 at 6:59 pm

Charter Bank in GA and AL offer 5.01%APY on checking no min dep. Required: 1 ACH Debit/Deposit, 10 MC Debit Purch, eStatement,. Also refund ATM fees. Think goos thru Sept.

Punjab 3 May 2010 at 8:36 pm

Elsie, can you provide more details regarding this 2% from 5th 3rd. My banker is telling me the highest offered is 1.6%.

elsie 25 April 2010 at 7:35 pm

Fifth Third Bank is paying 2% APY on a savings, min $5000

val 2 September 2009 at 12:15 pm

Check out Grand Bank in NJ. Offering 3.20% money market with $50,000 deposit.

Rita 1 September 2009 at 3:41 pm

i would like to compare and see which bank in brooklyn has the highest rate on interest

jim angelo 30 August 2009 at 7:00 pm

best money market rates

James 28 August 2009 at 5:13 pm

Through Costco online if you are a member there is a 1.75% through Capital One and an incentive for $60 and $40 depending on what membership you hold.

Grant Jacobsen 28 August 2009 at 1:18 pm

Freedom Bank (branches in Vienna and Fairfax) has 14-month CD yielding 2.00% APY, minimum $2500, rate current as of 8/18/2009.

linda 27 August 2009 at 7:30 pm

First National Bank in Oneida, Tn is offering 3.56% on a money market

White Chocolate 25 August 2009 at 5:25 pm

Shore Bank Direct Rates as of Aug. 25th Savings Rate 2.15%This bank makes it very easy to sign up online just completed opening my account.

Ian 17 August 2009 at 3:02 pm

SmartyPig's rate just went down to 2.01%.

James 15 August 2009 at 9:25 pm

Smartypig is lowering their interest rate on its online savings account from 2.75 to 2.01 on August 17th. That's quite a drop, but I guess we all knew they couldn't keep paying more then 1 point interest then their closest competitors.

Clark Schultz 14 August 2009 at 9:52 pm

Please take a look at the 2 yr CD rates on this page:

charles burton 14 August 2009 at 7:47 pm

I opened saving account online with (Bank of Internet) that I funded with local checking account (100.00) min. to find out that new account is not linked for online transfers. What good is a Bank of Internet account if you have to use snail mail to transfer funds! Beware there is also a $25.00 fee if you withdraw funds before 90 days.

huili liu 14 August 2009 at 1:58 pm

Please provide me with the best savings or less than 2 year cd rate. Thanks.

kanty 10 August 2009 at 12:03 pm

Need to know checking account intrest and MMA account rate

Ronnie 24 July 2009 at 9:58 pm

I opened a MMA and Savings account @ Discover Bank from their online signup. Then registered to be able to access the accounts and was provided a screen that said it would be 2-3 business days before I would be provided an e-mail with the access info. I called their support number and was told they had to manually process every application and they were several days behind and there was nothing they could do. Advice... if you open an account with Discover Bank make SURE you only fund the minimum amount to open the account and expect it to take a while to really have the account setup.

sonia 20 July 2009 at 6:10 am


angie 20 July 2009 at 2:03 am

Try CapitalOne online savings 1.75% 10K min, or MM 1.40% any amount. I opened last year and yes I observe everybody is lowering rates lately. Still better than local banks offering less than 0.5% for savings. Aloha :D

Paul Chien 10 July 2009 at 4:41 pm

Could not get a straight answer from SMARTY PIG on POD for account. Had to call their bank in the Mdwest directly and they informed me no PODs are allowed on SMARTY PIG CDs because they are not considered regular CD's but transaction accounts instead.

Robert 9 July 2009 at 2:00 am

How come Darby Direct can restrict it's higher-interest rate (2.5 %) "available to Georgia residents only? Isn't that inconsistent with Article IV, Section 2 of the Constitution?Section 2 - State citizens, ExtraditionThe Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.

Micah 8 July 2009 at 4:23 am

Timberland Savings Bank offers a rate of 4% on a balance of up to 25,000 dollars. The minimum to earn this apy is one dollar. The terms required e-statements instead of paper statements, and you must use your debit card at least ten times every month. They have 22 branches in Southwest Washington State.

Joe bardi 5 July 2009 at 10:25 pm

wher,e,s my highest rate bank.

ena 1 July 2009 at 8:54 pm

Just found out that you can't withdraw from a account unless you close it. Not good.

Donna 1 July 2009 at 2:09 pm

I would like to know who has the best interst rate on Money market accounts in my area. Sun Trust drop from 2% to .92% and continuing to drop. If anyone has good infromation I would love to hear from you.Thank you, Donna

Leo Marks 30 June 2009 at 10:47 pm

Give us the 10 highest rates avialiable now?????? Leo Marks`

Erno Balogh 27 June 2009 at 11:43 am

Please advise of the best money market rates in the local banks.

Farmers State Bank 26 June 2009 at 3:31 pm

3.51% on firsst $25000 in checking then 1.01% after. Requires electronic banking w/ 10 debit card purchases and once/month check account on line w/ online statements. Website

Sam 25 June 2009 at 1:00 pm still has 2% on their Premium e-MMA

Carolyn McCance 24 June 2009 at 5:24 pm

SmartyPig has an online savings account program that pays 2.75% with FDIC coverage

JEANNE SHIELDS 24 June 2009 at 12:54 am


cesare stefanelli 18 June 2009 at 2:41 am

Need Best Interest Rate for Moneymarket Account for a Closing Trust Account $500,000 to $1,000,000 ave bal app.