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Savings Accounts
Not all savings accounts are created equal. Most of the biggest US Banks offer paltry savings rates for your money and the national average yield isn't much better, but you can still find great high yield savings accounts elsewhere. Compare the highest savings interest rates across thousands of banks and credit unions. Use the filters below to find the best savings account for you!

Looking for the best place to stash your cash? Check out NerdWallet's list of the best online savings accounts.

Find the best high yield savings accounts

Account Type
Location
Initial Deposit
* The percentages indicate the highest available APY for each option
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Bank Account Account Type Minimum Balance for APY APY
GE Capital Bank
Federally insured by the FDIC
Savings Account
$1 1.05%
Open Now
MySavingsDirect
Federally insured by the FDIC
Savings Account
$1 1.05%
Open Now
Synchrony Bank
Federally insured by the FDIC
Savings Account
$1 1.00%
Open Now
Ally Bank
Federally insured by the FDIC
Savings Account
$1 0.99%
Open Now
CIT Bank
Federally insured by the FDIC
Savings Account
$100 0.95%
Open Now
Discover
Federally insured by the FDIC
Savings Account
$500 0.90%
Open Now
Bank5 Connect
Federally insured by the FDIC
Savings Account
$100 0.90%
Open Now
TIAA Direct
Federally insured by the FDIC
Savings Account
$25 0.80%
Open Now
Sallie Mae Bank
Federally insured by the FDIC
Savings Account
$1 0.80%
Open Now
Capital One 360
Federally insured by the FDIC
Savings Account
$1 0.75%
Open Now
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Comparing Savings Account Rates

By Nico Leyva

The best high-yield savings accounts can offer rates well above the national average and provide better accessibility than CDs. If you need a convenient place to store your savings, and still access them when necessary, a savings account is a great option.

Savings account basics

Most banks and credit unions offer savings accounts as a simple way for consumers to keep their extra funds safe. Credit unions often require a savings account to be opened as a part of the membership process. Savings accounts are considered to be the most straightforward of bank accounts, but they do have a few particular features that you should keep in mind.

  • Transaction Limits – By law, you are permitted 6 withdrawals or outgoing transfers per month from a savings account. If you make more than 6 withdrawals or transfers in a given month, you may incur a fee from your bank or credit union, and continued violations could result in account closure.
  • Variable Rates – Savings account rates are subject to change without notice and can shift daily at the discretion of the bank or credit union. The interest rate you receive when you open the account may not be the same rate a year later.
  • Fees – Some savings accounts carry monthly maintenance or service fees and have minimum balance requirements. Make sure to read your account’s fee schedule before opening.

Tips to find higher savings account rates

The best way to find a high-yield savings account is to look around and compare options. NerdWallet’s Savings Account rate tool above will help you find a savings account anywhere, from online banks to local community banks or credit unions. However, there are additional options to help you attain high interest rates.

  • Special savings accounts – some banks and credit unions offer holiday savings accounts or special savings accounts, which have higher interest rates than regular savings accounts.
  • Rewards savings accounts – some banks or credit unions have savings accounts with increased interest rates that are linked to rewards checking accounts. When you meet the monthly qualifications for the rewards checking account, you also receive the bonus savings rate.
  1. [2013-07-17 14:55:44] - SAVEA DOLLAR says: the checking account at MCT is called Kassasi It lowered its rate to 2.5%
  2. [2013-07-17 14:20:16] - SAVEA DOLLAR says: phone #800 846 1751 MCT credit union
  3. [2013-07-17 14:14:43] - SAVEA DOLLAR says: it is is MCT credit union for Port Neches,Nederland, Orange &Bridge city Texas Mid County Teacher;s credit union
  4. [2013-07-17 06:02:06] - me says: there is no "mci credit union" according to google. did you mean mcu? if not, what is mci credit union website address?
  5. [2013-07-16 23:15:42] - SAVEA DOLLAR says: you can get 3,5% at MCI credit union free checking with 1 bill pay or direct deposit &10 debits also TEXAS FIRST BANK OFFERS 2% With same deal up to 10000$ at Texas First bank & 25000$ at MCI credit union
  6. [2013-07-11 21:46:57] - Henry says: Yes, but unless your hiding money under your bed, you're giving a brick and mortar bank your money while getting .001% or some pathetic return for it. To think you'll get several times the rate of return w/ online banks, you don't have to be Einstein to know its stupid to leave your $ with the traditional banks
  7. [2013-06-16 00:14:59] - Matthew Felsted says: Hmm.. This seems to be an insanely bad idea as the national inflation rate is greater than the amount you can earn with the top rate listed on this page. You'd actually lose a ton of money at these rates.
  8. [2013-06-15 22:13:08] - Scott says: Dupont Community Credit Union (mydccu.com) offers Grow Green Checking at 2.75% APY
  9. [2013-06-12 16:11:39] - justpicky says: USAA Federal Saving Bank ........good choice ........ Navy Federal Bank ........ Local Credit Union .......... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Would never bank with Wells Fargo , Citibank , B of A , and there's several others ...Banks are the reason why credit cards went south . And why home mortgages fail . Banks felt they couldn't fail , because they were to big ......The blame for this economy ....because of Greedy CEO's , Mortgage Companies , realtors , and many others including polictians ... What they didn't tell the public .....we're in a 13 year Recession .....2007 - 2020 As far as credit cards they're only good for Emergency , one card is enough not over $1,000 ....