Larger deposits tend to earn higher rates
Less than $1,000
$1,000 to $2,499
$2,500 to $4,999
$5,000 to $9,999
$10,000 to $24,999
$25,000 to $99,999
$100,000+
We'll include local banks and credit unions, and calculate your marginal tax rate more accurately
Credit Unions offer better rates, but you may have to pick up the phone to join3. Show credit unions? The best Credit Unions offer MUCH better deposit rates than banks. However, you may have to pick up the phone, or fax in a form to join.
There are over 6,000 credit unions out there, each with its own eligibility criteria. Don't worry - we've sorted through them all and figured out which ones you're eligible to join.
How are you determining my credit union eligibility?
Our nerds have dug up dozens of credit unions that you can join, regardless of where you live. Some have open membership, while others require you to donate $20 or less to join certain organizations, such as a local historic society, or a charity.
To widen the search even more, enter your zip code, and we'll also match you with credit unions that you qualify for based on where you live.
4. Account Type?
Interest Checking Accounts
Checking accounts do not have restrictions on the number of monthly withdrawals, but they tend to earn lower interest rates than other types of accounts
Savings Accounts and Money Markets
The Federal Reserve limits how often you can access money in your savings and money market accounts. Your bank will be forced to shut down your account if you repeatedly exceed six transactions per month.
CDs CDs have higher yields than Savings and Money Market accounts because the bank knows your money is locked in for a long period of time. However, there are usually penalties for taking money out early.
Muni Funds and US Government Bonds
If you are willing to forgo FDIC insurance, you may be able to earn a higher yield with a tax advantaged municipal bond fund, or US Treasury note. You can buy muni bond funds directly in your brokerage account, and you can buy US Treasuries directly through TreasuryDirect.gov
Do you need access to this money?
Yes, frequently:
Get an interest Checking Account -
Why?
Yes, but less than 6 times a month:
Get a Savings Accounts, or Money Market Accounts -
Why?
No:
Get a CD, Tax Advantaged Munis, or Treasuries -
Why?
Learn more...
How long can you invest the money? Longer deposit durations tend to earn higher rates, but there are often penalties for early withdrawals.
What is your annual income?
We use this to estimate your marginal tax rate, so we can compare tax-exempt products with regular deposit products.
More than $100,000
