Bank, APY, Min. deposit to open ; Digital Federal Credit Union, 6.17% (on balances up to $1,000), $5 ; LendingClub, 4.00% to 5.00%, $0 ; Newtek Bank, 5.25%, $0 ; BrioDirect Bank, 5.00%, $5,000 ; Varo Bank, 5.00% on first $5,000 (3.00% on the rest), $0
Best for customer service ; Best for in-person banking ; Best for tracking savings ; Best for high APY ; Best for student loan borrowers
Looking for free savings accounts, but don’t know which to choose? We compared and reviewed the best free savings accounts based on APY, fees, and minimum deposit.
Looking for the best savings account to grow your money? Explore our top picks and tips to help you choose the right account for your needs.
Vault’s Viewpoint on 7% Interest Savings Accounts ; As of November 2024, no banks offer a 7% interest rate savings account. However, two credit unions offer 7% on select checking accounts. Your Closest Options: Landmark Credit Union (7.50% APY) and OnPath Federal Credit Union (7.00% APY) on select qualifying checking accounts. High-yield savings accounts typically offer 4.00% to 5.00% APY, with top options like Newtek Bank (5.25% APY), Pibank (5.50% APY), MyBankingDirect (4.75% APY), and CIT B...
Compare savings accounts to find the best rates. Bankrate's experts have identified the highest savings account interest rates from top banks to help you maximize your earnings.
Bank, APY, Min. deposit to open ; LendingClub, 4.30% to 5.15%, $0 ; Newtek Bank, 5.25%, $0 ; Bread Savings, 4.75%, $100
Great rates and innovative tools help the best savings accounts rise above the competition.
The best savings accounts that top our list are Barclays Online Savings, CIT Savings Connect, UFB High Yield Savings and Synchrony High Yield Savings.
The best savings account for small businesses offers a competitive interest rate so your excess business capital can earn money on the side.