The Best Savings Accounts in Nebraska for 2022

Explore Nebraska savings accounts, compare interest rates, learn about online banks, and find the best savings accounts in Nebraska.
By Anna Baluch

 

Nebraska has over 390 banks and 56 credit unions, which offer services from more than 100 branch locations.

If you live in the Cornhusker State, there are countless places to park your money. Since each one comes with its own pros and cons, it’s a good idea to do your research and compare the various savings accounts at your disposal.

Our roundup of the best savings accounts in Nebraska can help you get started.

The Best Savings Accounts in Nebraska

  • Ally Savings
  • Capital One 360 Performance Savings
  • Bread™ Savings
  • Marcus by Goldman Sachs
  • Synchrony Bank
  • Trius Federal Credit Union
  • South Central State Bank

Compare savings accounts and see what rates are being offered today.

Online Savings Accounts at Nebraska Banks

These days, many Nebraska residents prefer to store their money at an online bank.

Compared to traditional, brick-and-mortar banks, online banks usually offer higher interest rates and lower fees.

If you’re in the market for an online bank, you may want to explore the best savings accounts in Nebraska at these online financial institutions.

Ally Savings

Established in 2004 and headquartered in Utah, Ally is an online-only, FDIC-insured bank.

Ally offers money market accounts, CDs, and high-yield online savings accounts to residents in every state, including Nebraska.

There is no minimum balance requirement to open an Ally Savings account and you won’t have to pay monthly maintenance fees.

We can’t forget the convenient mobile app with check deposit and the option to divide your money into up to 10 savings buckets so you can meet various savings goals.

Ally Savings Pros & Cons

Read our full Ally savings review

Capital One 360 Performance Savings

In addition to checking accounts and credit cards, Capital One 360 offers a savings account with attractive rates, no monthly maintenance or service fees, and a $0 minimum opening deposit.

It’s FDIC insured for up to $250,000 and there’s a convenient mobile app with mobile check deposit.

If you’d like to ensure your credit is in tip-top shape, you’ll love CreditWise, Capital One’s free credit monitoring service.

With CreditWise, you can easily keep tabs on your VantageScore® 3.0 credit score from your desktop or phone.

Capital One 360 Pros & Cons

Read our full Capital One 360 Performance Savings review

Bread Savings™

Bread™ Financial offers checking and savings products, as well as CDs to Nebraska residents. Bread Savings™ is a high-yield savings account with no fees that you may open quickly for only $100. You can reach out to Bread Savings™ customer service with questions or concerns on weekdays, weekends, and holidays. If you decide to open a CD, you can choose from multiple terms, as long as you have a minimum deposit of $1,500.

Bread™ Savings Pros & Cons

Read our full Bread Savings™ review

Marcus by Goldman Sachs

A brand of Goldman Sachs Bank USA, Marcus by Goldman Sachs offers several products, including high-yield savings accounts, certificates of deposits (CDs), and personal loans.

If you opt for a high-yield savings account from Marcus, you can expect a competitive yield and no monthly maintenance fees.

In addition, you won’t have to meet any minimum deposit or balance requirements.

Marcus high-yield savings accounts are also FDIC-insured and come with convenient mobile and online banking access.

If you need support with your account, you can call the customer service line, 7-days a week.

Marcus by Goldman Sachs Pros & Cons

Read our full Marcus review

Synchrony Bank

Founded in 2014, Synchrony Bank is an online bank owned by Synchrony Financial.

While there is one physical location in New Jersey, the bank serves Nebraska savers online through its high-yield savings accounts, money market accounts, and CDs.

You can open a savings account in minutes and won’t be charged any monthly maintenance or service fees.

Even though Synchrony doesn’t offer debit cards with its savings accounts, you may withdraw or deposit money with an ATM card.

Speaking of ATMs, there are no ATM fees and the bank will refund you up to $5 for ATM surcharges with each statement cycle.

While Synchrony offers credit cards, checking accounts are not available.

Synchrony Bank Pros & Cons

Read our full Synchrony Bank review

A Look at Local Nebraska Banks

While an online bank can be a solid choice, you may prefer a bank with a physical branch and in-person service.

Find out more about a few local Nebraska banks with noteworthy savings accounts below.

Trius Federal Credit Union

Headquartered in Kearney, Trius Federal Credit Union is Nebraska’s 13th largest credit union.

As a member, you can choose from a variety of deposit accounts, such as share savings accounts, checking accounts, and youth accounts.

While a basic share savings account does require a $5 minimum deposit, you can enjoy online access and make up to 6 free withdrawals per month.

For higher dividends, you may want to consider money market accounts, especially if you can meet the $5,000 daily minimum balance requirement.

You can also open a holiday club account and save for the holiday season year-round.

Trius Federal Credit Union Pros & Cons

South Central State Bank

South Central State Bank is headquartered in Campbell and is known as the 80th largest bank in Nebraska.

It offers traditional savings accounts as well as money market accounts, health savings accounts, individual retirement accounts (IRAs), and certificates of deposits (CDs).

You’ll need $5,000 to open a money market account and can enjoy access to internet and mobile banking. In addition to deposit accounts, there are consumer loans, commercial loans, and agricultural loans.

South Central State Bank Pros & Cons

How We Picked: Methodology

The best savings accounts in Nebraska were selected based on an exhaustive analysis of savings accounts offered by online, national, regional, and local banks serving major cities including Omaha, Lincoln, and Nebraska City.

We narrowed down our search to savings accounts with low monthly maintenance fees, opportunities to waive these fees, ATM network availability, excess withdrawal fees, ease of online and in-app banking, interest rates, and more.

The best savings accounts reflect market conditions and bank APYs at the time of our analysis. Banks can and do change their rates and terms on a regular basis, so you should check with banks directly to see what they currently offer.

How to Choose a Savings Account in Nebraska

There are plenty of savings accounts in Nebraska. The best account for you depends on your unique priorities and the features you value most.

When you shop around for a savings account, be sure to consider the following when you shop around.

Interest rate

Since they have less overhead than traditional banks with brick-and-mortar locations, online banks typically offer higher rates on their savings accounts. But if you prefer in-person service, you can still find attractive rates at local banks that are above the national average.

Fees

Fees can interfere with your savings goals. That’s why you may be better off with savings accounts at online banks.

Since online banks have less overhead than traditional banks, they typically offer minimal to no fees.

Opening deposit

Some savings accounts require a minimum opening deposit to open an account, while others don’t. For those that do, $100 is typically required.

If you’re just starting your savings journey, you may want to look for a savings account with no minimum opening deposit.

Access

When you compare savings accounts, think about how you’ll be able to make deposits and withdrawals.

Since ATM access isn’t always available through online banks, you may have to deposit or withdraw funds through ATM transfers from linked bank accounts.

Where Can You Open a Savings Account in Nebraska

If you’d like to open a savings account in Nebraska, you can do so at a bank, credit union, or online bank.

Banks

Traditional banks are for-profit companies with physical locations throughout the state.

While they can give you the chance to visit a branch and get in-person service, you may have to settle for lower rates and higher fees.

Online banks

There are countless online banks that serve Nebraska residents. Since they operate online and have lower overhead expenses, they often offer the highest rates and lowest fees on a variety of products, like savings accounts and loans.

Credit unions

A credit union is a non-profit with membership requirements.

Compared to traditional and online banks, credit unions have physical branches and get to know members on a personal level.

But many of them are behind the times and don’t offer conveniences like online banking and mobile apps.

Nebraska Savings Accounts vs. CDs

Savings accounts and CDs can help you reach your savings goals.

Before you decide which one is right for you, consider these differences.

Nebraska Savings Accounts vs. CDs

Interest rates

Interest rates for savings accounts are usually fixed, meaning they’re locked in when you open them. CDs, however, typically have variable interest rates which can fluctuate based on the market.

Uses

Saving accounts make sense if you need to store your emergency savings or save for short-term goals, like a new car or home improvement project.

CDs, on the other contrary, are designed for short or long-term goals, like a down payment on a house or college expenses.

Minimum deposit requirements

Many financial institutions let you open a savings account for as little as $1. If you want a CD, you may need to save up at least $100 or more.

Withdrawal restrictions

Most savings accounts only allow for six free withdrawals per month. But CDs are still less liquid because you’ll have to wait until they mature to take out money or you’ll be on the hook for a penalty.

Frequently Asked Questions (FAQs)

What are the largest banks in Nebraska?

The largest banks in Nebraska include First National Bank of Omaha, Wells Fargo, Mutual of Omaha Bank, U.S. Bank, and Pinnacle Bank.

While a large bank offers many benefits, it’s not ideal if personal service is your priority.

Which bank has the best savings account in Nebraska?

There’s not one bank that has the best savings account in Nebraska. It’s your job to shop around, explore your options, and find the right one for your unique situation.

How much do I need to deposit into a savings account in Nebraska?

Many banks and credit unions in the Cornhusker State allow you to start a savings account with no minimum opening deposit. Some require as much as $100 to get started.

What’s better for Nebraska savers, a bank, credit union, or online bank?

All three financial institutions offer savings accounts but the ideal option for you depends on your needs.

While an online bank is usually a better option if you’re searching for higher rates and lower fees, credit unions and banks may be a better fit if you’d like more personal service at a physical branch near your home.

How can I open a savings account?

Many online banks will allow you to open a savings account online, within minutes. Banks and credit unions usually offer online and in-person applications you can fill out at a branch.

About Author
Anna Baluch has been writing about personal finance for more than seven years. She has written extensively on personal and student loans, mortgages, debt relief, auto financing, budgeting, banking, and more. Anna was featured on the "Burn Your Mortgage" podcast in July 2019, where she discussed how she paid off her mortgage in just 16 months. Anna's work has appeared on well-known personal finance websites including LendingTree, Business Insider, Credit Karma, Experian, Freedom Debt Relief, Rocket Mortgage, Policygenius, U.S. News & World Report, American Express, and more.