Find which banks have the best Savings account and Money Market Account rates here.
Savings accounts, CDs, checking accounts, and money markets each offer very different benefits, and very different interest rates. All banks listed are federally insured by the FDIC, so rest assured your money will be earning the highest possible interest rates in the safest environment.
Table of Contents
- 1 Best Savings Account Rates
- 1.1 Aspiration Spend & Save $100 Bonus + 1.00% APY
- 1.2 Chase SavingsSM $150 Bonus
- 1.3 Axos Bank High-Yield Savings 0.61% APY
- 1.4 Axos Bank High Yield Money Market 0.60% APY
- 1.5 American Express High Yield Savings 0.60% APY
- 1.6 Simple Account Up to 0.60% APY
- 1.7 CIT Bank Money Market 0.60% APY
- 1.8 Discover Bank Online Savings 0.60% APY
- 1.9 CIT Bank Savings Builder 0.55% APY
- 1.10 Discover Money Market Up to 0.50% APY
- 1.11 Citi Accelerate Savings account 0.70% APY
- 1.12 FNBO Direct Online Savings
- 1.13 Capital One 360 Performance Savings
- 2 Best Hub Bank Account
- 3 Best Bank Account Rates – Nationwide
- 4 High-Interest Reward Checking Accounts - Nationwide
- 5 Best State Bank Rates
Best Savings Account Rates
The following Savings & Money Market Accounts are available to everyone to earn the highest interest rate possible! This means finding the kind of savings account that is best suited for your needs.
All banks listed are federally insured by the FDIC, so rest assured your money will be earning the highest possible interest rates in the safest environment.
Aspiration Spend & Save $100 Bonus + 1.00% APY
To earn the $100 bonus, use your Aspiration debit card to make at least $1,000 in purchases within the first 60 days from account opening. Additionally, earn 1.00% APY when you spend $1,000 or more monthly, using the Aspiration debit card.
- Up to 10% cash back on debit card purchases
- Unlimited fee-free ATM withdrawals at Allpoint ATMs
- Up to 1.00% APY on savings
- Deposits are FDIC-insured
- No hidden fees!
- Extra cash back for spending at socially-conscious businesses
(No Expiration Date)
See all Aspiration Checking here and all other Aspiration offers here.
Chase SavingsSM $150 Bonus
- What you’ll get: $150 bonus
- Eligible account: Chase SavingsSM
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- How to earn it:
- Enjoy a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
- When you’ll receive it: You will receive your bonus after maintaining the balance requirement for 90 days.
- Monthly fee: Within 10 business days of completing requirements
- Option 1: A balance at the beginning of each day of $300 or more in this account, OR
- Option 2: $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account or Chase Liquid® Card (available only through chase.com or Chase Mobile®), OR
- Option 3: A Chase College CheckingSM account linked to this account for Overdraft Protection, OR
- Option 4: An account owner who is an individual younger than 18, OR
- Option 5: A linked Chase Better Banking® Checking, Chase Premier CheckingSM, Chase Premium Plus CheckingSM, Chase SapphireSM Checking, or Chase Private Client CheckingSM account
(Expires 01/20/2021)
See all Chase Savings offers and all other Chase offers here.
Axos Bank High-Yield Savings 0.61% APY
Take your money further, faster and earn 0.61% APY.
- Earn 0.61% APY on all balances
- No monthly maintenance fees.
- No minimum balance requirements.
- Interest compounded daily.
- $250 minimum balance to open an account
- FDIC insured
(FDIC Insured)
Learn more about Axos Bank High Yield Savings here. Our full list of Axos Bank bonuses here.
Axos Bank High Yield Money Market 0.60% APY
Enjoy the security of traditional savings with the advantage of high interest rates and limited transactions. Earn 0.60% APY on your funds.
- Current rate offer: 0.60% APY on all balances
- No fees. No minimum balance requirements
- $1000 minimum balance to open an account
- FDIC Insured
(FDIC insured)
Learn more about Axos Bank High Yield Money Market here from Axos Bank. Our full list of Axos Bank bonuses here.
American Express High Yield Savings 0.60% APY
American Express® High Yield Savings account offers 0.60% APY Rate on all account balances.
- Earn 0.60% APY on your deposits.
- Your high yield savings account earns interest daily and is posted to your account monthly.
- Links easily with your current bank accounts. No need to switch banks.
- No monthly fees, no minimum balance.
- 24/7 Account Access.
(FDIC Insured)
Learn more about American Express High Yield Savings and the latest Amex credit card offers here.
Simple Account Up to 0.60% APY
Bank, budget, and save with up to 0.60% APY – 15x National Average. Simple’s Protected Goals Account is designed to help you save in a separate high-yield checking account.
- Earn 0.60% APY on balances $10,000 and above
- Earn 0.60% APY on balances $9,999 or less
(Visit Simple for more details)
Read more about Simple offers here.
CIT Bank Money Market 0.60% APY
Earn 0.60% APY with the CIT Money Market account.
- Earn 0.60% APY on your funds— reach your savings goals with a CIT Bank Money Market account.
- Earn several times the national average
- Quick and easy access to funds
- No monthly service fees
- 24/7 secure & award-winning banking
- A limit of six transactions per statement cycle
- Deposit checks remotely and make transfers with the CIT Bank mobile app
(FDIC Insured)
Learn more about CIT Bank Money Market from CIT Bank. Our full list of CIT Bank bonuses here.
Discover Bank Online Savings 0.60% APY
Discover Online Savings Account offers 0.60% APY on your funds. This account is available online, nationwide. Member FDIC.
- Earn a high interest rate of 0.60% APY!
- No minimum opening deposit, no minimum balance requirement, and no monthly fees.
- FDIC insurance up to $250,000.
(See advertiser website for full details)
Read more about Discover Bank Online Savings here. Our full list of Discover Bank bonuses here.
CIT Bank Savings Builder 0.55% APY
Earn up to 0.55% APY with the CIT Bank Savings Builder account.
- Earn up to 0.55% APY on your funds—grow your savings faster.
- Earn a top tier, competitive APY on your money—one of the top savings rates in the nation.
- 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.
(FDIC Insured)
Learn more about CIT Bank Savings Builder from CIT Bank. Our full list of CIT Bank bonuses here.
Discover Money Market Up to 0.50% APY
Discover Bank’s Money Market account offers 0.45% APY rate on balances up to $99,999. Those with a balance $100K and higher, you’ll earn 0.50% APY with easy cash access via ATM, debit, or check.
- Earn up to 0.50% APY!
- Many free features including: money transfer , money withdrawal, deposit money, view your daily activity, or pay bills in just a few steps online or on your mobile phone
- Fund your first savings account with a minimum of $100K to earn the APY
- There is no hidden fees and get access to over 60,000 free ATMs.
- No minimum opening deposit, no minimum balance requirement, and no monthly fees.
- FDIC insurance up to $250,000.
(See advertiser website for full details)
Read more about Discover Bank Money Market here. Our full list of Discover Bank bonuses here.
Citi Accelerate Savings account 0.70% APY
- Earn 0.70% APY on your deposits.
- No limits on earnings
- No minimum opening deposit
Learn more about Citi Accelerate Savings and the latest Citibank Promotions here.
FNBO Direct Online Savings
Read more about FNBO Direct Online Savings here.
Capital One 360 Performance Savings
Learn more about Capital One 360 Performance Savings and more Capital One promotions here.
Best Hub Bank Account
American Express® High Yield Savings Account – You earn a high interest rate within this account along with no minimum deposits or monthly fees. Amex High Yield Savings has been my favorite Hub account for the last few years. Here’s why:
- No dollar limitations for ACH transfers – When you find a top bank rate account, you don’t want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
- 1 to 2 business days ACH transfers speed – With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
- No loss of interest during transfers – On the day you initiate your transaction on the High Yield Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express® High Yield Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Best Bank Account Rates – Nationwide
| Bank | Account Type | APY | Minimum/Maximum | Inquiry | Review |
|---|---|---|---|---|---|
| Affinity Plus Federal Credit Union | Superior MMA | 2.02% | $500 min/$25K max | ? | Review |
| Neighbors Bank | High-Yield Online Savings | 1.45% | $25K min/No max | ? | Review |
| Connexus Credit Union | MMA | 1.15% | $100K min/No max | ? | Review |
| Affirm | Online Savings | 1.00% | No min/No max | Soft | Review |
| Aspiration ($100 bonus) | Spend & Save | 1.00% | $10K min/No max | Soft | Review |
| Chime ($50 bonus) | Checking Account | 1.00% | No min/No max | Soft | Review |
| First Foundation Bank | Online Savings | 1.00% | $1K min/No max | ? | Review |
| T-Mobile Money | Checking Account | 1.00% | No min/No max | Soft | Review |
| Fitness Bank | Savings Account | 0.95% | $100 min/No max | ? | Review |
| Smarty Pig | High Yield Savings | 0.95% | $2.5 min/$10k max | ? | Review |
| CFBank | MMA | 0.90% | $25K min/No max | ? | Review |
| CommunityWide Fed Credit Union | High Rate Quarterly Fund Account | 0.90% | $500 min/No max | ? | Review |
| ConnectOne Bank | Online Savings | 0.90% | $2.5K min/$250K max | ? | Review |
| TAB Bank | High Yield Savings | 0.90% | $1 min/No max | ? | Review |
| CFG Bank | High Yield Money Market | 0.86% | $25K min/No max | ? | Review |
| Varo | Savings Account | 0.81% | No min/No max | ? | Review |
| All America Bank | Mega Money Market® Checking | 0.80% | No min/$50K max | Soft | Review |
| Customers Bank | Market Savings Account | 0.80% | $25K min/No Max | Soft | Review |
| My e-BAnC | eRelationship Savings | 0.80% | $25K min/No max | Soft | Review |
| PNC Bank (Many States) | High-Yield Savings | 0.80% | $1min/$5M max | Soft | Review |
| Redneck Bank | Mega Money Market | 0.80% | No min/$50K max | Soft | Review |
| Salem Five Direct | High Yield Savings | 0.80% | No min/$1M max | Hard | Review |
| Vio Bank | High Yield Online Savings | 0.76% | No min/No max | Soft | Review |
| Bellco Credit Union | Premier Money Market Account | 0.75% | $50K min/No max | ? | Review |
| Gold Coast Bank | Money Market Account | 0.75% | $50K min/No max | ? | Review |
| Prime Alliance Bank | Personal Savings | 0.75% | $1 min/No max | ? | Review |
| Western State Bank | High Yield Money Market | 0.75% | No min/$3M max | Soft | Review |
| Citibank | Citi® Accelerate Savings | 0.70% | No min/No max | Soft | Review |
| Ally Bank | Online Savings Account | 0.60% | No min/No max | Soft | Review |
| American Express | High-Yield Savings | 0.60% | No min/$5M max | ? | Review |
| CIT Bank | Money Market | 0.60% | $100 min/No max | Soft | Review |
| Discover Bank | Online Savings | 0.60% | No min/No max | Soft | Review |
| Simple | Individual or Shared Protected Goals Account | 0.60% | No min/No max | Soft | Review |
| Credit Karma | High Yield Savings | 0.56% | $0.01/No max | ? | Review |
| CIT Bank | Savings Builders | 0.55% | $25K min/No max | Soft | Review |
| Capital One 360 | Performance Savings | 0.50% | No min | Soft | Review |
| Discover Bank | MMA | 0.50% | $100K min/No max | Soft | Review |
| Betterment | EverydayTMCash Reserve | 0.40% | $10 min/No max | ? | Review |
| UFB Direct | Money Market | 0.40% | $5K min/No max | Soft | Review |
| UFB Direct | High Yield Savings | 0.40% | $10K min/No max | Soft | Review |
| SoFi Money ($50 Bonus) | Checking/Savings | 0.25% | No min/No max | ? | Review |
| BBVA | Money Market | 0.13% | $10K min/No max | Soft | Review |
High-Interest Reward Checking Accounts - Nationwide
For those who are willing to do some extra work each month, you may want to sign up for a Rewards Checking Account (RCA). To earn the higher-than-normal APR as compared to a savings account, you must enroll in eStatements, set up monthly direct deposit or ACH transfers, then make a minimum number of debit card transactions. While the rate may be high, there is a cap usually between $10K to $20K on the high interest rate.
| Bank or Credit Union | Account Type | APY | Maximum | Inquiry | Review |
|---|---|---|---|---|---|
| Consumers Credit Union | Free Rewards Checking | 4.09% | $10,000 | Hard | Review |
| Blue Federal Credit Union | Extreme Checking | 3.50% | $15,000 | Soft | Review |
| First Financial FCU | Kasasa Cash Checking | 3.50% | $15,000 | ? | Review |
| Devon Bank | Kasasa Cash Checking | 3.50% | $10,000 | ? | Review |
| Evansville Teachers FCU | Vertical Dividend Checking | 3.30% | $20,000 | Soft | Review |
| Western Vista Credit Union | Panorama Checking | 3.25% | $15,000 | ? | Review |
| Market USA FCU | Platinum Tier Rewards Checking | 3.01% | $15,000 | ? | Review |
| ECCU | Kasasa Cash | 3.00% | $10,000 | Soft | Review |
| Garden Savings Federal Credit Union | Platinum Checking | 3.00% | $15,000 | ? | Review |
| INOVA Federal Credit Union | Shield Checking | 3.00% | $15,000 | ? | Review |
| Lake Michigan Credit Union | Max Checking | 3.00% | $15,000 | Hard | Review |
| Porte Bank | High-Yield Savings | 3.00% | $15,000 | ? | Review |
| Quoin Bank | Kasasa Cash Checking | 3.00% | $25,000 | ? | Review |
| Security Bank of Crawford | Kasasa Cash Checking | 3.00% | $15,000 | ? | Review |
| 22nd State Bank | Kasasa Cash | 2.50% | $25,000 | ? | Review |
| Great Lakes Credit Union | Free Checking | 2.50% | $10,000 | ? | Review |
| Industrial Bank | Kasasa Cash | 2.50% | $15,000 | ? | Review |
| The Bank of Denver | Kasasa Cash | 2.50% | $25,000 | Soft | Review |
| USE Federal Credit Union | Kasasa Cash | 2.50% | $10,000 | ? | Review |
| Bellco Credit Union | Boost Interest Checking | 2.25% | $25,000 | ? | Review |
| Presidential Bank | Advantage Checking | 2.25% | $25,000 | ? | Review |
| Hiway Federal Credit Union | Hi Yield Checking | 2.22% | $25,000 | ? | Review |
| FAB&T | Prime Checking | 2.05% | $30,000 | ? | Review |
| TruStone Financial Federal Credit Union | TruRate Checking | 2.02% | $20,000 | ? | Review |
| Bay State Savings Bank | Kasasa Cash | 2.01% | $20,000 | ? | Review |
| Campus Federal | Lagniappe Checking | 2.01% | $10,000 | ? | Review |
| Department Of Commerce Federal Credit Union | Performance Checking | 2.01% | $20,000 | ? | Review |
| First Security Bank & Trust | Kasasa Cash | 2.01% | $50,000 | ? | Review |
| Signature Federal Credit Union | High Yield Checking | 2.00% | $20,000 | Soft | Review |
| Elements Financial | High Interest Checking | 2.00% | $20,000 | Soft | Review |
| GreenState Credit Union | R2 Checking | 2.00% | $20,000 | ? | Review |
| Ideal Credit Union | High Yield Checking | 2.00% | $20,000 | ? | Review |
| Main Street Bank | Kasasa Cash | 2.00% | $15,000 | ? | Review |
| One American Bank | Kasasa Cash | 2.00% | $10,000 | Soft | Review |
| TAB Bank | Kasasa Cash | 2.00% | $50,000 | Soft | Review |
| United Educators Credit Union | High Yield Checking | 2.00% | $10,000 | ? | Review |
| Wings Financial | High Yield Checking | 1.76% | $25,000 | ? | Review |
| Connexus Credit Union | Xtraordinary Rewards Checking | 1.75% | $25,000 | Hard | Review |
| Partner Colorado Credit Union | High Interest Checking | 1.75% | $10,000 | Hard | Review |
| Finex Credit Union | Axcess Rewards Checking | 1.51% | $25,000 | ? | Review |
| Country Bank | Kasasa Cash | 1.50% | $20,000 | Soft | Review |
| Envision Bank | Envision Max | 1.50% | $25,000 | ? | Review |
| KS State Bank | Checking PLUS | 1.50% | $15,000 | ? | Review |
| Heritage Bank | eCentive Account | 1.32% | $25,000 | Soft | Review |
| BankFirst | Kasasa Cash | 1.25% | $10,000 | ? | Review |
| Devon Bank | Kasasa Cash with Saver | 1.25% | $50,000 | ? | Review |
| Quontic Bank | High Interest Checking | 1.25% | $1,000,000 | ? | Review |
| America's Credit Union | Affinity Plus Checking | 1.01% | $25,000 | Soft | Review |
| All America Bank | Ultimate Rewards Checking | 1.00% | $10,000 | Soft | Review |
| Northwest Federal Credit Union | Kasasa Cash | 1.00% | $25,000 | ? | Review |
| Orion Federal Credit Union | Premium Checking | 1.00% | $10,000 | Hard | Review |
| Redneck Bank | Rewards Checking | 1.00% | $10,000 | ? | Review |
| XCEL Federal Credit Union | Kasasa Cash | 1.00% | $25,000 | ? | Review |
Best State Bank Rates
Some bank rates are only available for these States with higher interest rate than you can find anywhere else. You may be interested in them because you want a physical branch where you live. We listed below all the best high interest rates if you are fortunate to live in the respective State below.
| Bank | State(s) | Account Type | APY | Minimum/Maximum | 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 |
| Central Minnesota CU | MN | My Goal Savings | 2.00% | $0+ minimum to earn high rate | Review |
| WauBank | AZ, CT, FL, MA, RI, TN, VA | Online High Yield Savings | 1.85% | $5K minimum to earn high rate | Review |
| Keesler Federal Credit Union | AL, LA, MS | High Interest Money Market Plus | 1.50% | $100K Min/No Max | Review |
| Workers Credit Union | MA | SaveUp Savings | 1.35% | $5.00 min/No max | Review |
| Home Loan Investment Bank | RI, MA | Premier Savings | 1.05% | $50k minimum to earn high rate | Review |
| Amboy Direct | NJ | eSavings Account | 1.01% | $1.00 min/$250,000 max | Review |
American Express® High Yield Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SavingsSM | $150 Cash | Review |
| Axos Bank High Yield Savings | 0.61% APY | Review |
| Axos Bank High Yield Money Market | 0.60% APY | Review |
| American Express High Yield Savings | 0.60% APY | Review |
| CIT Bank Money Market | 0.60% APY | Review |
| Simple | 0.60% APY | Review |
| Discover Bank Online Savings | 0.60% APY | Review |
| CIT Bank Savings Builder | 0.55% APY | Review |
Related posts:
On September 4th I received this email from Varo:
Starting September 15, 2020, our 1.20% interest rate will decrease to 0.81%, with a 0.81% Annual Percentage Yield (APY).
Yesterday (8/19/2020) you listed Sun Trust bank as having a money market account yielding 1.50% APY. Based on that I opened an account with them. This morning they told me they offer 0.01% only. Needless to say I closed the account immediately. It took me 5 minutes to open the account but 2 hours waiting on the phone to confirm their actual interest rate.
Marcus By Goldman Sachs – Effective today, the rate on our Marcus high-yield Online Savings Account has been adjusted to 1.05% from 1.30% APY.
Time to shop for Rates
First Foundation is now 1.45% APY.
Greg
Hsbc has gone from 1.85% to 1.70% as of 03/20/2020
Best rate as of today at Fitness Bank is 2.1%, not 2.2%.
The very best is Ford Interest Advantage………………….but not insured, but went thru the 2007-2009 recession without a scratch. They offer it a checking, can be linked at your broker but 5 business day hold after deposit. This quick……..apply Wednesday and transfer on Friday after entering test deposits, Monday the money is there. But you must download a signature card and get it notorized and then wait to request checks. I earn top notch interest on my dividends as they come in and transfer large cash in from the broker in between trades……….but the 5 day hold gets in the way…..maybe. Currently 2.65% and 2.69% apr. ………..No restrictions on withdraws other than the 5 day hold…………….paychecks/government check do not get held
Agreed!
I use your site now regularly. Thanks for developing the best and most updated MM account list online. So now…. I can give back a little now… Pentagon Federal now has a Premium Online Savings at 2%.
https://www.penfed.org/accounts/premium-online-savings
Thanks for your good work.
Union Bank has 18mo to 23 mo CD $10,000 min @ 2.90% APY
18 – 23 Month CD*
Account Balance Rate APY%
$10,000 – 24,999.99 2.86 2.90
$25,000 – 49,999.99 2.86 2.90
$50,000 – 99,999.99 2.86 2.90