Ally is a good choice for people who want a top-tier online experience, along with a strong interest rate.
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.
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.
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 Offer may be modified/withdrawn without notice."
If you want a relatively strong interest rate, easy-to-avoid fees and a rewards program, Synchrony is a good choice.
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.