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Standout online savings accounts of 2018

We spent hours – and drank just as many cups of coffee – reviewing FDIC insured online savings accounts before selecting the standouts. 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.

We spent hours reviewing FDIC insured online savings accounts before selecting the standouts. And with competitive APYs, rock-bottom fees and more, these savings accounts offer something for everyone.

Bank

APY

Monthly fee

Details

Synchrony Bank

NerdWallet rating

at Synchrony Bank

View Details

APY

1.55%

With $1 minimum balance
Member, FDIC

$0

Pros

  • No monthly fee
  • Access to tons of ATMs

Cons

  • No checking account available
  • Only one physical branch

View Details

American Express National Bank

NerdWallet rating

at American Express National Bank

View Details

APY

1.55%

With $0 minimum balance
Member, FDIC

$0

Pros

  • No monthly fees or minimum balance requirements
  • 24/7 account access via phone or web

Cons

  • No checking account option
  • Mobile app only for credit card holders

View Details

CIT Bank

NerdWallet rating

at CIT Bank

View Details

APY

1.55%

With $100 minimum balance
Member, FDIC

$0

Pros

  • No monthly fee
  • Reasonable minimum balance

Cons

  • No checking account available

View Details

Why no big banks made the list

The two most important factors for virtually every bank-shopper are APYs and maintenance fees (since they have a huge impact on your bottom line). And unfortunately, big banks just can’t compete with the highly competitive APYs and rock-bottom maintenance fees that the smaller banks above offer.

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All the info you need

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Up-to-date reviews

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

*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.