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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 - 9 of 9 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 overall digital experiences among savings accounts. 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. It also offers real-time chat support, unlike most of its competitors. The 1.00% annual percentage yield is close to the best on the market, and there is no monthly fee or minimum deposit requirement.

Ally is a good choice for people who want a top-tier online experience along with a strong interest rate.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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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
Live help 24/7
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.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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Online Savings
Our overall rating
Learn moreat Discover
APY
0.95%
With $0 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
Discover's savings account 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.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.

The company says:

"To get your $100 Bonus:

"What to do: Apply for your first Discover Online Savings Account (OSA) by 5/31/17. Enter Offer Code NW217 when applying. Deposit at least $15,000 by 6/15/17

"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 6/30/17. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer may be modified/withdrawn without notice."
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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
Those who prioritize great customer service and availability of branch offices probably wouldn't expect that package to include a sizable bonus for new account holders. Banking giant Chase, however, 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 offer lifts Chase into the ranks of best banks to consider, despite the underwhelming 0.01% APY it offers on savings deposits (effective 12/5/16; interest rates are variable and subject to change).

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.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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360 Money Market Account
Our overall rating
APY
1.00%
With $10,000 minimum balance
Why we like it
No monthly fee
Mobile-friendly
Competitive APY
If you have $10,000 or more to stash away, Capital One's 360 Money Market - a fee-free online and mobile account - has a 1.00% APY. Few financial institutions offer a yield this high. If your balance drops below $10,000, however, the rate falls to 0.6%. It would then make better sense to find a savings account with a higher rate - or at least opt for Capital One's 360 Savings, which has 0.75% APY.

This money market account was named one of the best in NerdWallet's 2017 Bank Awards.
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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
Capital One's well-regarded apps and digital tools can help you track financial goals. A feature called My Savings Goal lets you set a goal, like $500 for "holiday gifts." Plug in the amount you want to set aside each week or each month, and the tool calculates when you'll reach your goal. Alternatively, set a target date and the tool will calculate the necessary contribution amounts. There is no monthly fee or minimum balance requirement. Your deposits earn a variable APY of 0.75%. For balances of $10,000 or higher, Capital One's money market account pays more: 1.00% APY. If organizing your savings into separate goals sounds like a strategy that would work well for you, Capital One could be a good choice.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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High Yield Savings Account
Our overall rating
APY
1.05%
With $1 minimum balance
Why we like it
Competitive APY
Synchrony offers an excellent savings account along with the convenience of being part of three major ATM networks that give you easy access to your cash. It pays a top-notch 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. For a strong interest rate, easy-to-avoid fees and fee-free access to 2.6 million ATMs in the United States and abroad, Synchrony is a good choice.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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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 have strict limitations on membership, Chicago-area Alliant Credit Union is different. Anyone can 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. Phone support is available 24/7. There's a $5 minimum deposit, but Alliant even has you covered there: It pays you a $5 bonus when you open an account. If you like the idea of banking with a not-for-profit credit union, Alliant offers exceptionally easy membership terms and a good interest rate.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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Online Savings
Our overall rating
APY
1.05%
With $1 minimum balance
Why we like it
No monthly fee
Competitive APY
If you're looking simply to park some cash and earn interest, GS Bank pays a highly competitive 1.05% APY on savings deposits. This newbie online bank, an offshoot of Goldman Sachs, charges no fees, and the minimum balance required is just $1. The drawbacks: GS Bank has no checking account, ATM network or mobile app. You'll need an outside bank account for transferring money into and out of a GS Bank savings account.

This savings account was named one of the best in NerdWallet's 2017 Bank Awards.
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