Here’s a list of the best high interest savings accounts. Get up to 5.10% APY with a basic savings account. There are also accounts with requirements that pay even more. We don’t receive any commissions for any of these, and ALL banks are included in this list.
Contents
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.
Please verify insured status for yourself with FDIC and with NCUA before using a bank or credit union. Also please read this article about the FDIC insurance on fintech banks as well.
Here are the best options available, rated in APY from highest to lowest:
- CineFi: 4.50% (some discussion here)
- OnPath CU – 4.40% elite money market ($25k minimum; $100 bonus)(see this comment)
- Newtek Bank – 4.35% savings
- Climate First Bank – 4.21% super duper savings (e-statements)
- Openbank/Santander – 4.20% high yield savings ($180 Verizon Wireless bonus)
- Neighbors Bank – 4.20% savings (not accepting new applications, although apparently it’s possible to still apply)
- Timbr – 4.15% bold savings
- Quontic – 4.10% money market
- Hustl Financial – 4.10% money market (our post)
- 316 Financial – 4.05% savings ($100 checking bonus)
- Vio Bank – 4.02% APY online savings
- MyBankingDirect – 4.02% APY savings
- TotalBank – 4.01% money market (balances $2,500-$500,000; not available in FL)
- Ivy Bank – 4.00% savings ($2,500 minimum; nationwide except for CA)
- Comenity ‘Bread’ – 4.00% APY savings
- Brilliant – 4.00% surge money market ($1,000 minimum)
- Colorado Federal – 4.00%/4.05% APY savings
- Barclays – 4.00% tiers savings (4.25% AARP + $200 bonus)
- Forbright Bank – 4.00% savings
- Adelfi CU – 4.00% high-yield money market (max $100k; rate lock for 12 months)
- Limelight – 4.00% high yield savings
- Peak Bank – 3.99% Envision savings (new accounts)
- Zynlo – 3.90% money market
- Everbank – 3.90% performance savings
- Western Alliance – 3.90% high yield savings (review)
- Popular Direct – 3.90% APY savings (see this comment)
- Prime Alliance – 3.90% savings
- Zynlo – 3.85% savings ($100 bonus)
- CFG Bank – 3.85% APY high-yield money market (must maintain minimum $1,000)
- Redneck Bank / All America Bank – 3.85% APY money market, up to $100,000 (review)
- Primis Bank – 3.85% APY savings (review)
- Live Oak Bank – 3.80% APY savings ($300 bonus)
- TAB Bank – 3.80% high yield savings
- CIBC – 3.77% APY savings (minimum $1,000)
- Poppy Bank – 3.75% premier savings ($25k monthly withdraw limit)
- Presidential Bank – 3.75% Advantage Savings ($5k-$250k; requires checking)
- BrioDirect – 3.75% high yield savings (minimum $5,000 to open)
- First Foundation – 3.75% online savings
- Axos – 3.75% summit savings
- Bask – 3.75% savings account
- CIT Bank – 3.75% platinum savings ($5,000 minimum)(see this post)($300 bonus)
- NASB – 3.70% E-Savings (check incognito) ($10,000 minimum) (see this comment)
- Sallie Mae – 3.70% APY money market
- Primis Bank – 3.70% APY checking (review)
- Synchrony – 3.65% APY savings (Paypal version here)
- Apple Card/Goldman Sachs – 3.65% savings (our review)
- Marcus Bank – 3.65% APY savings ($100-$1,500 bonus + .25% referral bonus)
- Salem Five Direct – 3.61% APY eOne savings (see this comment)
- Merchants Bank – 3.50% APY money market
- Laurel Road – 3.50% high yield savings
- U.S. Bank – 3.50% Smartly savings (but existing customers get a lower rate)
- Customers Bank – 3.48% savings ($25k minimum)(auto-adjusts with fed rate)
- Republic Bank – 3.46% APY money market (minimum $2,500)(nationwide except IL, IN, WI, MI)
- Valley Direct – 3.40% APY savings (14,450 MyPoints signup bonus; 4.00% new customer rate)
- UFB – 3.40% APY savings account (see this comment and this)
- American Express – 3.40% APY savings account
- MooMoo – 3.35% cash sweep (be sure to activate first)
- E*Trade – 3.35% APY savings ($2,000 bonus)
- One Finance – 3.35% savings ($5,000 minimum, $100,000 max)(review)
- Lending Club Banking – 3.30% APY high yield savings (see below for another option)
- Capital One 360 – 3.30% APY savings
- Public – 3.30% high yield cash account
- Ally Bank – 3.30% APY savings or money market
- Betterment – 3.25% saving account (our review)(temporary .65% boost)
- Wealthfront – 3.30% APY cash account (signup bonus)
- Citizens Access – 3.15% APY savings account
- TradeUp – 3.14% Cash+ program ($100k minimum)
- Wise – 3.14% interest feature
- Vanguard – 3.10% Cash Plus account
- Alliant Credit Union – 3.10% APY savings
- Upgrade – 3.05% APY everyday/premier/performance savings (minimum $1,000)(see this comment)
- Empower/Personal Capital – 3.00% APY cash account (our review)
- 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 – 1.84% cash management account
- Chime – 1.00% savings
- American Express – 1.00% APY checking account (our review)
Other Basic Options
- Future – 4.10% debit card (requires FuturePass; our review)
- First Fed – 4.00% on balances up to $50,000 (when paired with checking)
- Leader Bank – 4.75% Zeugma Plus Savings (requires $1k DD + 3 debit)
- PiBank – 4.60% savings (see this comment)
- Axos One – 4.31% with requirements
- Lending Club – 4.00% Level Up Savings (requires $250 deposit prior month)(see this comment)
- First Internet Bank – 4.16% money market with balances of $1M+
- Farmers Insurance FCU – 4.00% 9 month no-penalty CD (membership via ACC)
- USAlliance – 3.90% 11-month no penalty CD
- Alumnifi – 4.00% savings with $100k balance (join with $10 donation to DDF)
- Marcus – 3.95% APY 11-month no penalty CD
- Raisin – 4.00% (see this first)
- Maxmyinterest – 3.77% savings (see this first)
- Climate First Bank – 4.01% Impact Checking (requires DD and e-statements)
- M1 Finance – 3.60% APY savings account (minimum $10k; our review)
- Robinhood – 3.75% APY for those with Gold membership ($5/month; our review)
- Ally Bank – 3.30% 11-month no penalty CD (review)
- Webull – 3.85% cash management account (Premium membership required)
- SoFi Savings – 3.30% with monthly direct deposit of any amount; (4.00% first 6 months)($700+ bonus offer)
- J.P. Morgan Premium Deposit – 3.40% ($100,000 minimum initial deposit)
- Morgan Stanley – 3.75% APY Preferred Savings Program
- Merrill Edge Preferred Deposit – 3.41% savings (initial opening needs $100,000)
- Customers Bank – 2.00% APY checking (requires 2 bill payments, otherwise rate is 1%)
- Sunward CU – 5.04% on balances up to $2,500
- (FL) Power Financial CU – 4.50% savings (see this comment and this post)
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, CIT, 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.
Alternative High-Yield Options
- Government Series I Bonds are currently offering 4.03%, you’re limiting to purchasing $10,000 annually (our review)
- U.S. Treasury Bills (our review)
- Brokerage Money market funds and Bond funds
- U.S. Series EE Bonds
- CD Annuities
- Vanguard VMFXX – 4.33% (more options)
- Fidelity SPAXX – 4.06% (more options)
- Schwab SNVXX – 4.10% (more options)
- SGOV etf treasury fund
- Interactive Brokers – 3.83% for IBKR Pro (minimum $100,000 balance)
Best CD Rates
Nationwide CD Offers:
11 Months or Less
- Sallie Mae 4.35% 11-month CD
- Climate First 4.27% 6-month CD
- Bay First Financial 4.25% APY 6-month CD (Florida only?)
- United Fidelity Bank 4.20% 6-month CD
- Northern Bank Direct 4.15% 6-month CD
- Vibrant CU 4.15% 6-month CD (see this comment)
- Alliant 4.10% 6-month CD
- First Bank Of The Lake 4.10% 7-month CD
- Newtek 4.10% 6 month CD
- Alliant 4.10% 6-month CD
- NASA FCU 4.05% APY 9-month CD (review)
- Comenity ‘Bread’ 4.00% APY 6-month CD
- Comfed CU 4.00% 9/13-month CD
- One American Bank – 4.00% 6-month CD ($50k min)
- America First 4.00% 6-11 month CD
- CIBC 3.86% 9-month CD
- U.S. Bank 3.75% 7-month CD
- Merchants Bank 3.50% 3/6-month CD
- Chase 3.50% APY 3-Month CD (no minimum) (review)
12-18 Months
- Schwab up to 4.40% APY brokered CD 2-year (review)
- Vanguard up to 4.30% APY brokered CD 4-6 months (review)
- Fidelity up to 4.30% APY brokered CD 6-9 months (review)
- Merchants Bank 3.82% flex CD 12/24/36 month (rate changes, tied to fed rate) (our review)
- CBB Bank 4.50% APY
- Mountain America CU 4.12% 24 month CD
- E*Trade 4.10% 9/12 month CD
- PopularDirect 4.00% APY 12-month CD ($10,000 minimum)
- Navy Federal 4.00% 13-month CD
- Limelight 4.00% 6/12-month CD
- Labor CU 4.00% 12-month add-on CD (see this comment)
- USalliance – 3.95% 12/18/24-month CD
- Colorado Federal 3.90% APY 12-month CD
- NASA FCU 3.90% APY 15-month CD (review)
- Marcus Bank 4.00% APY 12/18-month CD
- Alliant 4.00% 6-12 month CD (4.15% with $75,000)
- Seattle Bank 4.00% APY 12-month CD
- Eagle Bank 3.95% 6/9/12-month CD (not in CA, NV, or VT)
- Ally Bank 3.75% APY 12 month CD
- CFG 3.70% APY 12-month CD
19+ Months
- Penair 4.50% 21-month CD
- United Fidelity Bank 4.45% 36/48/60-month CD
- USalliance – 4.35% 24-month CD
- GTE – 4.33% 60-month CD (minimum $100k)
- Genisys CU – 4.30% 19-month CD
- Bank5connect – 4.25% 24-month add on CD
- Lafayette CU 4.28% 7/12/24/36/48/60 month CD
- America First 4.00% 60 month CD
- Mountain America CU 4.15-4.25% 6/12/18/36/60 month CD
- NASA FCU 4.20% APY 49-month CD (review)
- Comenity ‘Bread’ 4.00% APY 24-month CD
- Fidelity Bank 3.50% 25-month CD
- BMO Alto 3.80% 24-month CD
- American Express 3.50% 24-month CD
Best Business Savings Rates
- Primis – 4.00% business savings
- Presidential – 3.87% Commercial Money Market Advantage Checking
- U.S. Senate FCU (USSFCU) 3.82% APY 24-month business CD (join with ACC membership free)
- CFG – 3.75% Money Manager Plus
- Republic – 3.75% money market ($2,500 – $250k; see this comment)
- Forbright – 3.65%/3.75% savings/MM/CD
- Axos Bank – 3.60% business premium savings ($375 bonus)
- U.S. Bank – 3.50% business money market (minimum $25k)
- Prime Alliance – 3.49%-3.90% Business Money Market
- Wise business – 3.40%
- [CT, MA, RI, PA] Owners Bank – up to 3.50%
- Newtek Bank – 3.50% business savings
- TAB Bank – 3.25% money market
- Live Oak Bank – 3.00% business savings
- Bluevine – 3.00% APY Premier business checking (requires $100k and $5k spend to waive $95 fee)
- Credit Karma – 3.00% savings for Quickbooks customers
- First Internet Bank – 2.94% APY money market savings ($4,000 minimum to waive fee)
- NBKC Bank – 2.75% business money market
- NBKC Bank – up to 2.75% business CD
- Panacea/Primis – 2.00% business savings
- American Express Business – 1.30% APY checking account (up to $500,000; plus 30k bonus)
- Bluevine – 1.30% APY business checking (requires receivables or debit spend)
- Paramount Bank – 1.00% business money market ($5,000 minimum to avoid fee)
- Axos Bank – 1.01% APY business checking (up to $50,000)
- Newtek Bank – 1.00% business checking
Requirement 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.
Highlights:
- OnPath FCU
7.00%6.00% checking on up to $10,000 with qualifications (details here) - Andrews FCU 5.25% APY Kasasa Cash Checking ($150 signup bonus)
All others:
- Connexus CU – 5.00% checking on balance up to $25,000
- Climate First 3.76% Impact Checking with $500 direct deposit
- Revolut – 4%-5.55% on up to $10,000 (read our post, 5.55% requires paid account)
- Transportation FCU 4.5% on up to $25k (join via ACC)(15 debit; ACH)(see comment)
- Revolut 4% – 5.5% account on up to $10,000 (see our original post)
- Jovia 5% checking on up to $25k ($500 purchases, $500 DD)
- Pen Air CU 5.05% checking, up to $10k (requires $250 ACH/month & e-statements; join with $1 donation)
- Credit Union of NJ 6% on up to $25k Kasasa
- FirstSouthern Bank 5.5% on up to $25k Kasasa
- Revity FCU 5% high yield checking up to $15K
- mph 4.00% savings on up to $50,000 (requires $2k direct deposit)
- Genius CU (nationwide) 6.50% on up to $7,500 (w/10 debit trx)
- Element FCU – 10% on up to $5,000 with some steep requirements
- Fitness Bank 6% APY on up to $25k When You Have An Average Of 10,000+ Steps A Day
- Presidential Bank 4.37% APY Checking On Up To $25,000 (With Requirements)
- Genisys Credit Union 6.75% APY High Yield Checking Account – Up To $7,500
- Aspiration Spend & Save: 3%-5% APY On Balances Up To $10,000
- Elements Financial 5% APY Checking Account, up to $20,000, with requirements
- 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)
- Porte Bank 3% APY On Balances Up To $15,000 + $50 Referral Bonus
- 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% 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 3.50% 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: 4% Reward Checking Account On Up To $15,000
- Blue Federal Credit Union 2% – 4% APY on up to $15,000
More Restrictive Options:
- H-E-B Netspend 6% APY Savings Account On Balances Up To $2,000
- Blue Federal Credit Union 4.99% APY Account (Up To $1,000)
- Premier Members Credit Union Reverse Tiered Money Market Account – Up To 2% APY on $2,000
- DCU 5.00% APY on balances up to $1000
- Netspend Prepaid 5% Interest Rate on up to $1,000
- KaiPerm Credit Union 6% APY Account On Balances Up To $1,000 (Membership Restricted)
- Workers Credit Union – .56% to .85% APY savings rate, special rate of 3.61% on first $1,000
Requirement High-Interest (Regional)
Below are the regional accounts we’ve reviewed on the site. There are many more as well.
- TX, LA, AR, MO, MS, AL, FL, TN, GA: Cadence Bank performance checking 4.75% on up to $30,000 with requirements
- VA, MD, DC, NC, WV, KY, TN: Commonwealth CU 5.5% on up to $30,000 (join via VCC/ACC)
- Parts of Nebraska, Iowa: Metro CU 6.00% 13-month CD
- Texas, Oklahoma: Union Square Credit Union 3.50% APY On Balances Up To $25,000
- North Carolina, South Carolina, Virginia, Georgia, Tennessee: Truliant FCU 6.25% CD
Louisiana, Arkansas: CNext Bank 7.00% APY Checking Account On Up To $30,000 - Ohio: Buckeye State Bank 5% APY On Balances Up To $15,000
- Iowa (Nebraska, SD): Premier Credit Union 6% APY on first $25k
- Iowa: Advantage Credit Union 6% APY 12 Month CD
- Texas: Keystone Rewards Checking 5.00% on up to $50,000
- Nevada: Rize Credit Union Beyond Checking 7.5% APY, up to $10,000
- Texas, Mississippi, Louisiana: Origin Bank Performance Checking: 4.5% APY, Balances Up To $40,000
- Texas, Nevada, Michigan: InTouch Credit Union High Yield Checking Account – 6.17% 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)
- Alabama: Guardian Credit Union 4% APY On Balances Up To $30,000 Ultimate Checking Account
- Florida: Liberty Savings Bank 1% APY On Balances Up To $25,000; 1.5% Savings Account On Up to $50,000; $25 Referral Bonus
- Georgia (partial): MidSouth FCU 5% APY Checking Account on up to $10,000
- Illinois: Hometown Community Banks 4.01% APY Checking Account (10 Debit Card Transactions Required)
- Indiana: Interra Credit Union 5% APY On Balances Up To $10,000
- Iowa Premier Bank 5% APY Checking on Balances up to $5,000
- Kansas: State Security Bank 3% APY On Balances Up To $10,000 – Direct Deposit Not Required
- Louisiana: Bank of Ruston: Priority Checking Account 3% APY On Balances Up To $15,000
- Louisiana: La Capitol Federal Credit Union 4.25% On Balances Up To $5,000 – Direct Deposit Not Required
- Louisiana: Bank of Montgomery (BOM) 4.07% Premium Account On Balances Up To $15,000
- Maryland: Freedom Financial Credit Union 3% APY on balances up to $10,000
- Michigan: Orsa CU 10% on up to $1,000 (see this comment)
- 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 6.5% 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
- Nebraska: Liberty First Credit Union 3% APY On Balances Up To $30,000
- In parts of New York: Solvay Bank 4% APY Checking on Balances up to $15,000
- New York: Apple Bank Youth (6-17) Savings Account: 3% APY On Balances Up To $10,000
- Ohio: Bridge Credit Union 10% APY Account On Balances Up To $1,500 (Lots Of Monthly Requirements)
- Oregon: Oregon Community Credit Union (OCCU) – 5.25% APY On Balances Up To $500 Ignite Savings Account
- Parts of Oregon: Trailhead Credit Union 5% APY on up to 15k in Kasasa checking + another 15k in linked Kasasa saver ($30K total)
- South Dakota: Reliabank Ultimate Checking – 3.51% APY On Balances Up To $25,000 – Direct Deposit Not Required
- El Paso, Texas only: Evolve FCU Rewards ePriority Checking Account – 3% APY On Balances Up To $10,000
- Texas: Neighborhood Credit Union 4.25% APY On Balances Up To $50,000 + $200 Bonus
- parts of Texas: Education Credit Union 5.00% APY on up to $50,000
- Washington, parts of Oregon: IQ Credit Union 5.50% APY on up to $25k
- Washington, parts of Oregon: Columbia Credit Union 5.5% APY up to $25k checking
- Washington: WECU Credit Union 8% APY up to $5K checking + 6% on up to 2.5K in Stash savings
- Washington: STCU 5.09% APY on balances up to $500 with no requirements
- Washington: Canopy Credit Union offering 5.12% APY on first $25k
- Washington, Oregon, Idaho: Gesa 3.00% APY on $500 in Savings (no requirements) and $5,000 Checking (requirements) (our review)
- Wyoming: WyHy FCU 3% APY SmartReturns Checking Account On Balances Up To $15,000 – Direct Deposit Not Required
