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Standout online savings accounts

There are a lot of savings accounts out there. So many, in fact, it can be overwhelming to weed through all the options — good and bad — and then confidently choose one. Social scientists call this “information overload”. We call it inconvenient.

To make the search easier, we created this shortlist of standout picks from our partners. And with competitive APYs, rock-bottom fees and more, these savings accounts offer something for everyone. Check out the offers, from our partners, and start earning interest today.

BankAPYMonthly FeeDetails
Goldman Sachs Bank USA Online Savings's logo

at Goldman Sachs Bank USA,

Member, FDIC

2.25%

With $0 minimum balance

$0

Pros

  • Access to customer service 6 days/week
  • No monthly fees

Cons

  • No checking account, mobile app or ATM access
  • No physical branches
Citizens Access Online Savings Account's logo

at Citizens Access,

Member, FDIC

2.35%

With $5000 minimum balance

$0

Pros

  • Customer service available 7 days/week

Cons

  • No checking account, ATM access or mobile app
  • $5,000 minimum deposit
  • No physical branches
American Express National Bank High Yield Savings Account's logo

at American Express National Bank,

Member, FDIC

2.10%

With $1 minimum balance

$0

Pros

  • Customer service available 24/7
  • $0 minimum balance
  • No monthly fees

Cons

  • No checking account, mobile app or ATM access
  • No physical branches
Capital One's logo

at Capital One,

Member, FDIC

2.00%

With $10000 minimum balance

$0

Learn more about the Money Market Account.

Building an emergency fund

Emergency funds don’t get enough credit. They’re useful to literally everyone and protect you from falling into debt when “life happens”. Think: blown transmission, a surprise vet bill or even losing a job. Experts recommend having 3-6 months of living expenses in your fund. And because the money needs to be available at last notice — but might sit around for quite a while — a high-interest savings account is one of the best accounts you can use.

Why online banks dominate the list

The two most important factors for virtually every bank-shopper are APYs and maintenance fees (since they have the biggest impact on your bottom line). And, as it happens, online banks are offering massive APYs — as much as 20x the average APY* — plus, they also offer rock-bottom maintenance fees.

*20x more interest based on the national average annual percentage yield ("APY") of 0.07% (as reported by the Federal Deposit Insurance Corporation as of March 5, 2018) as compared to online banks with interest-bearing savings account APYs of 1.45% or more. Estimated annual earnings result assumes principal and interest remain on deposit for one year and interest rates and APY do not change. Estimated annual earnings are for informational purposes only. Interest rates and APY are subject to change and specific results cannot be guaranteed.

EXAMPLE OF POTENTIAL SAVINGS

To earn $197 in interest, we assumed a $5,000 balance maintained for three years and a 1.30% APY compounding annually. This is a massive increase from the average savings account APY which is only 0.06% APY.

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Advice you can bank on

We’ve spent countless hours reviewing accounts and ​analyzing strategies to help you build wealth.

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Up-to-date reviews

We regularly update our list of savings accounts as they introduce new features and offers.