Best Savings Accounts of 2017 - NerdWallet
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NerdWallet's Best Savings Accounts of 2017

Optimize your APY or cash in on a sign-up bonus. These accounts can help you save more.

By Jeanne Lee
Showing 1 - 7 of 7 accounts
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Online Savings Account
Our overall rating
Learn moreat Ally Bank
APY
1.00%
With $1 minimum balance
Why we like it
No monthly fee
Competitive APY
Live help 24/7
Mobile-friendly
Ally Bank has one of the best savings accounts when it comes to the overall digital experience. The website is easy to use, and the bank's mobile apps are compatible not only with Apple and Android devices, but also with Windows phones and Amazon's Kindle Fire. It also offers real-time chat support, unlike most of its competitors. The 1.00% APY is close to the best interest rate on the market, and the account has no monthly fee and requires no minimum deposit.

Ally is a good choice for people who want a top-tier online experience, along with a strong interest rate.
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Online Savings Account
Our overall rating
Learn moreat Barclays
APY
1.00%
With $1 minimum balance
Why we like it
No monthly fee
Competitive APY
This online offshoot of the global financial services company offers U.S. customers a high-yield savings account accessible through a streamlined website. There's no monthly fee or minimum balance requirement. With a 1.00% APY, the interest rate is close to the highest out there. Customer service is available by phone, and the banking apps are highly rated by users.
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360 Savings
Our overall rating
APY
0.75%
With $1 minimum balance
Why we like it
No monthly fee
Mobile-friendly
This Capital One account is designed to make it easier to track and meet your financial goals. The account's My Savings Goals feature lets you set a savings target: for example, $500 for "holiday gifts." You can input the amount you'll put aside each period (e.g., weekly or monthly), and the tool can figure out when you'll reach your goal.

Alternatively, you can set your target date, and the tool will calculate the necessary contribution amounts. You can also set up automatic transfers from your checking account to make the process effortless.

In a neat twist on the old envelope budgeting system, customers can open multiple savings accounts and set a goal for each one. Your deposits earn interest at a rate that is well above average: a variable Annual Percentage Yield of 0.75%, effective 3/14/16. There is no monthly fee or minimum balance requirement.

If organizing your savings into separate goals sounds like a strategy that would work well for you, Capital One could be a wise choice.
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Chase Savings℠
Our overall rating
Learn moreat Chase
APY
0.01%
With $1 minimum balance
Monthly fee
$5
Waived with $300 minimum balance
Sign-up bonus
$150
Requirements to qualify
Why we like it
2,000+ branches
Live help 24/7
Mobile-friendly
Sign-up bonus
For those who prioritize great customer service and availability of branch offices, you probably wouldn't expect that package to include a high savings account yield. While banking giant Chase pays a mere 0.01% APY on savings deposits (effective 12/5/16; interest rates are variable and subject to change), it is offering a sign-up bonus of $150 to customers who open savings accounts and maintain a balance of $10,000 for 90 days. The bonus offer expires 4/16/2017.

The bank gets great ratings from users for its mobile banking apps, and J.D. Power recognized its consistently great customer service. If you're looking for a traditional, full-service bank, Chase is a solid choice.
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Online Savings
Our overall rating
Learn moreat Discover
APY
0.95%
With $500 minimum balance
Sign-up bonus
$100
Requirements to qualify
Why we like it
No monthly fee
Competitive APY
Live help 24/7
Mobile-friendly
Sign-up bonus
Although Discover's savings account has a $500 minimum deposit requirement -- a bit heftier than those of some other banks -- it has a competitive APY of 0.95%. Additional pluses: No monthly fee, no balance requirement -- and you can earn a $100 bonus with a minimum qualifying deposit.

The company says:

"To get your $100 Bonus:

"What to do: Apply for your first Discover Online Savings Account (OSA) by 1/31/17. Enter Offer Code NW1016 when applying. Deposit at least $15,000 by 2/15/17.

"What to know: Offer not valid for existing or prior Discover savings customers. Account must be open when bonus is credited.

"Bonus will be credited to the account by 2/28/17. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice."
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High Yield Savings Account
Our overall rating
APY
1.05%
With $1 minimum balance
Why we like it
No monthly fee
Competitive APY
Synchrony offers an excellent savings account along with the convenience of an ATM card. It pays a solid interest rate of 1.05% APY. There is no monthly fee or minimum balance to worry about, and you earn a variety of perks - like discounts on car rentals, hotels and spas - for saving more money. The bank maintains a branch in Bridgewater, New Jersey, but otherwise you should expect to conduct your business, and get customer support, by phone, online or via mobile.

If you want a relatively strong interest rate, easy-to-avoid fees and a rewards program, Synchrony is a good choice.
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High-Rate Savings
Our overall rating
APY
1.00%
With $100 minimum balance
Why we like it
Competitive APY
Live help 24/7
Mobile-friendly
While many credit unions limit their membership pretty strictly, Chicago-area Alliant Credit Union is different. It allows anyone to join with just a $10 charitable donation, if they don't happen to meet any of the other membership criteria. Members can open an Alliant savings account that pays a 1.00% APY on balances of $100 or more.

The tiny $1 monthly fee is waived if you choose e-statements. Phone support is available 24/7. There's a $5 minimum deposit, but they've even got you covered there: The credit union (formerly United Airlines Employees' Credit Union) pays you a $5 bonus upon opening.

For those who like the idea of banking with a nonprofit credit union, Alliant offers exceptionally easy membership terms and a good interest rate.
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