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Here’s a list of the best high interest savings accounts. Get up to 5.00% APY with a basic savings/CD account. We don’t receive any commissions for any of these, and ALL banks are included in this list.
Best Basic Savings Rates
Leaving money in a regular bank account will usually get you a terrible interest rate. With a little research, we can find accounts that offer competitive rates. These are all ordinary savings accounts with no hoops to jump through, and they are FDIC/NCUA insured up to $250,000.
Here are the best options available, rated highest to lowest:
- Ivy Bank – 4.71% indexed savings account ($2,500 minimum; nationwide except for CA)(review)(closed for new applicants)
- Republic Bank – 4.53% APY money market (minimum $2,500)(nationwide except IL, IN, WI, MI)
- BankPurely – 4.45% APY money market (minimum $25,000)(see this comment)
- CFG Bank – 4.45% APY high-yield money market (minimum $1,000)
- Western State Bank – 4.40% APY money market (our review)
- NASB – 4.39% APY premium savings (check incognito) ($25,000 minimum) (not accepting new applicants)
- Mysavingsdirect – 4.35% APY savings (see this comment)
- Northern Bank Direct – 4.35% APY premier money market
- Primis Bank – 4.35% APY savings and checking (review)
- Merchants Bank – 4.34% APY money market
- Brilliant Bank – 4.30% APY money market (see this comment)
- Enzo – 4.27% APY checking (our review)
- PopularDirect – 4.26% APY savings
- Comenity ‘Bread’ – 4.25% APY savings
- Redneck Bank / All America Bank – 4.25% APY money market, up to $75,000 (review)
- Bask Bank – 4.25% APY savings (our review)
- Ivy Bank – 4.25% savings ($2,500 minimum; nationwide except for CA)
- UFB – 4.21% APY savings account (see this comment)
- First Foundation – 4.20% APY savings
- BMO Harris – 4.20% APY savings (select markets)
- Vio Bank – 4.17% APY money market
- Upgrade – 4.13% APY premier savings (minimum $1,000)(see this comment)
- Salem Five Direct – 4.10% APY eone savings (see this comment)
- Personal Capital – 4.10% APY cash account (our review)
- TAB Bank – 4.06% savings
- Wealthfront – 4.05% APY cash account (our review)
- MyBankingDirect – 4.05% APY savings
- CIT Bank – 4.05% APY savings
- Prime Alliance – 4.05% savings (minimum $10,000)
- CIBC – 4.01% APY savings (minimum $1,000)
- Presidential – 4.00% money market Advantage Checking ($25k-$250k)
- Lending Club Banking – 4.00% APY savings
- Juno – 4.00% APY checking (5% on first $25,000)(our review)
- Valley Direct – 4.00% APY savings
- PNC – 4.00% high-yield savings (select areas)
- TotalDirectBank – 4.00% money market (balances $2,500-$500,000; not available in FL)
- Third Federal – 4.00% online savings plus (minimum $5,000)
- Betterment – 4.00% saving account (our review)
- Citibank – 3.85% APY savings (not available in all states) (our review)
- B1 Bank – 3.80% APY
- Marcus by Goldman Sachs – 3.75% APY savings
- Citizens Access – 3.75% APY savings account
- Synchrony / Paypal version – 3.75% APY savings
- Usalliance – 3.75% APY high dividend savings
- Quontic – 3.70% APY savings
- TIAA – 3.60% APY basic savings
- Sallie Mae – 3.60% APY money market
- Barclays – 3.60% APY savings
- SFGI – 3.51% APY savings
- Dollar Savings Direct – 3.50% APY savings (see this comment)
- Live Oak Bank – 3.50% APY savings
- E*Trade – 3.50% APY savings
- Affirm – 3.50% APY savings
- American Express – 3.50% APY savings account
- Credit Karma Savings – 3.50% APY (our review)
- Emigrant Bank – 3.50% APY savings
- Discover – 3.45% APY savings when signing up via this link (standard account 3.40%) (review)
- Ally Bank – 3.40% APY savings
- Capital One 360 – 3.40% APY savings
- VirtualBank – 3.30% APY eMoney Market
- Northpointe – 3.25% APY ($25,000 minimum to $3,000,000 maximum)
- Varo – 3.00% APY savings
- Colorado Federal – 3.00% APY savings
- Laurel Road – 3.00% high yield savings
- Alliant Credit Union – 2.95% APY savings
- PenFed – 2.70% APY premium savings
- T-Mobile Money – 2.50% APY savings for anyone (4% on up to $3,000 for T-Mobile customers; our review)
- Fidelity – 2.34% APY cash management account
- Bank5connect – 2.00% checking
- Chime – 2.00% savings
- American Express – 1.00% APY checking account (our review)
- Yotta – .00% savings (plus you get lottery earnings)
Other Basic Options
All of these rates will fluctuate over time, and we’re constantly updating this list. There is an advantage to a bank who has a proven track record of giving good interest rates since some of the top rates might be ‘bait-and-switch’ soon to be lowered. Banks like CFG, Discover, Marcus, Ally and some others have been known to offer competitive interest rates for many years. Their rates will also fluctuate but will likely always be a good rate. See also What’s The Best Simple High-Yield Savings Account?
Another thing to keep in mind is that while most banks automatically increase your rate as interest rates increase, some don’t. We wrote data points on which do and which don’t here. Keep that in mind when choosing a bank.
Most of these are savings accounts, with a few checking accounts mixed in. We wrote about options for getting a high yield on your checking account in this post.
Some people also like putting their money into so-called ‘stable’ crypto accounts which offer a fixed APY, much higher than the savings rates mentioned above. These obviously don’t have FDIC insurance and they might be risky investments. We wrote about such options in the post Crypto Lending Options [Crypto Interest Earning Accounts].
Alternative High-Yield Options
Best CD Rates
Nationwide CD Offers:
11 Months or Less
12-18 Months
19+ Months
Best Business Savings Rates
Mega High-Interest (Nationwide)
Aside from basic accounts offering competitive interest rates, there are ultra high-yield options which are more involved and take time and patience to deal with. Bear in mind, all of the best options have velocity limits, sometimes it’s $5k, $10k, $15k, or $20k. You’ll never be netting more than $1,000 in annual interest from any of these accounts, and it’s usually much less than that. Someone who is impatient or doesn’t have spare time would best use a standard high-interest savings account options and forget about the velocity-limited accounts.
Below you’ll find all mega high interest accounts which are available nationwide, and in the next segment we list the regional options.
- Genisys Credit Union 5.25% APY High Yield Checking Account – Up To $7,500
- OnJuno Review – Earn 5% APY Up To $25,000, Earn 5% Up To $3,000 On Select Merchants
- Pelican State Credit Union Kasasa Checking Account – 5.11% APY On Balances Up To $10,000
- Fitness Bank 5% APY When You Have An Average Of 12,500+ Steps A Day
- Union Square Credit Union 4.01% APY On Balances Up To $35,000
- The Bank Of Denver – 4% APY On Balances Up To $15,000
- Aspiration Spend & Save: 3%-5% APY On Balances Up To $10,000
- Hanscom Federal Credit Union 5% APY, On Up To $6,000
- SoFi 3.75% savings with monthly direct deposit (our review)
- Elements Financial 4% APY Saving Account on up to $20,000 with easy requirements – Nationwide
- Service Credit Union 3% APY On Balances Up To $3,000 + 5% savings account on up to $500
- Bank of Missouri 3.05% APY on Balances Up Too $15,000 (nationwide)
- HMBradley: 4.20% APY Savings Rate On Up To $100,000 with requirements (cardholders only)
- Porte Bank 3% APY On Balances Up To $15,000 + $50 Referral Bonus
- Presidential Bank 4.25% APY Checking On Up To $25k (With Requirements), 3.25% beyond $25k
- Western Vista Credit Union Rewards Checking 3.00% APY On Balances Up To $15,000
- Varo Money Savings Account – 5% APY (balance less than $5,000)
- Orion Federal Credit Union Premium Checking 5.00% APY On Balances Up To $10,000 (DD Not Required)
- Consumers Credit Union 4.09% APY On Up To $10,000 Rewards Checking
- T-Mobile Money Review – Earn 4% APY On Balances Up To $3,000 (Requires T-Mobile Account)
- Liberty Federal CU (Evansville): Vertical Dividend 3.45% APY Account, Balances Up To $20,000
- Great Lakes Credit Union (GLCU) – 2.50% Rewards Checking Account Review, up to $10,000
- Signature FCU Rewards Checking 3.50% APY on up to $20,000 [Nationwide]
- MarketUSA Federal Credit Union 3% APY Rewards Checking – Available Nationwide
- Lake Michigan Credit Union: 3% Reward Checking Account On Up To $15,000
- Blue Federal Credit Union 2% – 4% APY on up to $15,000
More Restrictive Options:
Mega High-Interest (Regional)
Below are the regional accounts we’ve reviewed on the site. There are many more as well.
- California (San Diego, Riverside, San Bernardino): Frontwave Credit Union 6.00% APY 18-Month CD
- Iowa: Advantage Credit Union 6% APY 12 Month CD
- Texas, Mississippi, Louisiana: Origin Bank Performance Checking: 6% APY, Balances Up To $40,000
- Texas, Nevada, Michigan: InTouch Credit Union High Yield Checking Account – 5% APY On Balances Up To $30,000
- Iowa, Nebraska, Minnesota, South Dakota: Iowa State Bank 3.25% APY on up to $25k
- Arkansas, Indiana, Nevada, North Carolina, Ohio, Michigan: United Federal Credit Union: Ultra Checking Account – Earn 3% APY On Balances Up To $15,000
- Maryland, Delaware: Destinations Credit Union: 3% Reward Checking Account, Up to $10,000
- Wisconsin, Illinois: Landmark Credit Union 7.50% APY High Rate – Balances Of Up To $500
- Virginia, North Carolina: Beacon Credit Union 5.05% APY On Balances Up To $2,500
- Wyoming, Nebraska: Meridian Trust Federal Credit Union 3% APY On Balances Up To $15,000
- Illinois, Iowa: South East National Bank 3% APY On Balances Up o $10,000
- Arkansas, Mississippi: First Financial Bank 4.33% APY on Balances Up To $15,000 – Direct Deposit Not Required
- Parts of Arizona, California: Meriwest Credit Union 2.50% savings account on up to $5k [must be opened within 30 days of joining]
- Arizona Branches: Sunwest Credit Union 5.12% APY 12-Month CD (Unlimited)
- California, Illinois, Missouri: First Bank 3% APY on up to $25,000
- Maryland: Freedom Financial Credit Union 3% APY on balances up to $10,000
- Michigan: First United Credit Union 4% APY + $50 Bonus ($10,000 Limit)
- Michigan: Consumers Credit Union 4% APY
- Michigan (nationwide?): Chief Financial Credit Union 5.00% APY – No Direct Deposit Required
- Michigan: Arbor Financial CU 4% Checking On Balances Up To $15,000
- Michigan: Financial Plus Credit Union 4.15% APY On Balances Up To $10,000
- Michigan: Adventure Credit Union – 4% APY On Balances Up To $10,000
- Michigan: Kellogg Community Credit Union 4% APY Checking Account On Balances Up To $15,000
- Michigan: AAA High-Yield Checking – 2.85% On Balances Up To $10,000
- Michigan: Dort Federal Credit Union 5% APY On Balances Up To $10,000
- Minnesota: St Paul Federal Credit Union 4.99% On Balances Up To $20,000
- Missouri: Legacy Bank & Trust i-Profit 4% APY on Up To $10,000
- Missouri: Ozark Bank 3% APY Checking on Balances up to $10,000
- Missouri: Hawthorn Bank 3.01% APY On Balances Up To $30,000
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