Best Savings Account Rates

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Savings
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Best Rates (APY)
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Rates are current up to 30 days, verify rate through institution site. Add your bank or credit union

Learn More About Savings Accounts

Why open a savings account? Saving money is the key to setting yourself up for a financially stability. Most people at least need an emergency savings account for surprise expenses, while it’s also a good idea to save for future goals like college or retirement. In any case, no matter what you’re saving for, it’s important to keep some of that money in a high interest savings account, which would most likely be an online savings account and help it grow quickly, yet safely.

Benefits of a Savings Account

Savings accounts offer a number of advantages that keeping your money in a piggy bank or under the mattress just won’t provide.

Savings Account Interest Rates: One of the biggest benefits of a savings account is the interest you can earn on your deposit. Keep in mind, however, that not all financial institutions offer the same rate on accounts, so it’s important to compare offers and find the best interest rates available.

FDIC Insurance: Unlike a stock market investment, the Federal Deposit Insurance Corporation insures all savings account deposits up to $250,000 per depositor. That means if something happens to the bank you have a savings account with, you don’t have to worry about losing your money. The same is also true at credit unions – savings account funds are federally insured by the National Credit Union Share Insurance Fund (NCUSIF).

Liquidity: Many investments that offer a return require that you keep your money invested. A savings account, on the other hand, lets you withdraw your money whenever you want – some accounts restrict the number of times you can make withdrawals during the month without paying a fee, but your money is still readily available whenever you may need it.

Why Choose a High Yield Savings Account?

A high interest savings account is a tool that makes growing your savings easier. Not all savings accounts are created equal – some offer as little as .05% APY, while others can provide you 10 to 20 times that rate. With a high yield savings account, your money grows faster and you meet your savings goals sooner.

How to Find the Best Savings Account Interest Rates

High Yield Savings AccountJust about every bank and credit union offers some type of savings account – often several – which makes finding and comparing accounts time-consuming and difficult. That’s why we do the work for you by collecting savings interest rates from local, national and online financial institutions across the nation and rank them in our rates table from the best savings account rates to the lowest. This lets you see the most competitive rates without any of the work.

You should know that the best interest rates are not the only thing you should be looking at when comparing savings accounts, however. Things like fees, account minimums and bank stability should also be considered.

The best savings account rates are those that offer the highest savings account interest rates with low fees and additional perks offered by the bank. When choosing a new account, start by locating the top savings rates and then dig deeper into the product to ensure it’s right for you.

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