Best Bank Rates & Savings Accounts – November 2020

Find the Best Bank Rates, Savings Interest Rates, Money Market Accounts, & High Yield Savings! See below for our exclusive list of Savings & Money Market Accounts with the highest interest rate in the U.S!

You’ll find all nationwide/state promotions, deals, and offers with full review for all your banking needs. All banks listed are federally insured by the FDIC for up to $250K per account. Make sure to read the terms and conditions for the official site.

Savings Vs. Money Market Accounts

Money Market account(MMA) is very familiar to a traditional Savings Account. Their key similarities include both are simple and straightforward to open, FDIC insured, keeping your deposits safe. Both accounts will be limited on certain types of withdrawals per billing cycle (6 is the limit for these certain types by law).

What are their differences? Money Market accounts typically have more Checking-like features, such as electronic funds transfers, checks, debit cards and ATM withdrawals.

Savings accounts generally only allow access to fund via electronic funds transfers, telephone withdrawals, or in-person withdrawals at a branch. As you’ll notice below, Money Market accounts often require higher minimum balances to earn the rate.

Editor’s Choice Best Savings Accounts

The following rates are better than what will find at your local brick & mortar branch. Accounts from Discover Bank and CIT Bank are all available online, nationwide.

If you want a local branch, the Chase Savings account offers a nice sign-up bonus.

Aspiration Spend & Save $100 Bonus + 1.00% APY

To earn the $100 bonus, use your Aspiration debit card to make at least $1,000 in purchases within the first 60 days from account opening. Additionally, earn 1.00% APY when you spend $1,000 or more monthly, using the Aspiration debit card.

• Up to 10% cash back on debit card purchases
• Unlimited fee-free ATM withdrawals at Allpoint ATMs
• Up to 1.00% APY on savings
• Deposits are FDIC-insured
• No hidden fees!
• Extra cash back for spending at socially-conscious businesses

(No Expiration Date)

Chase Savings^SM Account Bonus Offer

Earn a $150 bonus when you open a new Chase Savings^SM account and deposit a total of $10,000 or more in new money within 20 days. You must also maintain a $10,000 balance for 90 days.

• What you’ll get: $150 bonus
• Eligible account: Chase Savings^SM
• Credit inquiry: Soft pull, which does not affect your credit
• Where it’s available: Online Nationwide except Alaska, Hawaii, and Puerto Rico (Bank Locator)
• How to earn it: Open a new Chase Savings℠ account and deposit $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days.
• When you’ll receive it: After all requirements are met, you’ll receive the bonus deposited into your account within 10 business days.
• Monthly fee: $12; waived by doing one of the following:
  • Keep a minimum daily balance of $300 or more in your savings account
  • Have at least one repeating automatic transfer of $25 or more from your Chase personal checking account (available only through Chase Online^SM Banking)
  • Have a linked Chase Premier Plus Checking^SM, Chase Premier Platinum Checking^SM, or Chase Private Client Checking^SM account.

(Expires 01/20/2021)

Axos Bank High-Yield Savings 0.61% APY

Take your money further, faster and earn 0.61% APY with the High Yield Savings account from Axos Bank.

• Earn 0.61% APY on all balances
• No monthly maintenance fees.
• No minimum balance requirements.
• Interest compounded daily.
• $250 minimum balance to open an account
• FDIC insured

(FDIC Insured)

Axos Bank High Yield Money Market 0.60% APY

Enjoy the security of traditional savings with the advantage of high interest rates and limited transactions. Earn 0.60% APY on your funds with the High Yield Money Market account from Axos Bank.

• Current rate offer: 0.60% APY on all balances
• No fees. No minimum balance requirements
• $1000 minimum balance to open an account
• FDIC Insured

(FDIC Insured)

Discover Bank Online Savings 0.50% APY

Open a Discover Online Savings Account and earn an interest rate of 0.50% APY on your funds.

• Earn high interest rate of 0.50% APY
• No minimum opening deposit, no minimum balance requirement, and no monthly fees
• Interest on Discover Online Savings Accounts is compounded daily and credited monthly

(See advertiser website for full details. Member FDIC.)

CIT Bank Money Market Account 0.50% APY

Get 0.50% APY with this new online Money Market account from CIT Bank.

• Current rate offer is 0.50% APY
• $100 minimum to open
• There are no opening, monthly servicing, online transfer or incoming wire fees.
• Deposit checks remotely and make transfers with the CIT Bank mobile app
• FDIC insured

(Rate is subjected to change)

CIT Bank Savings Builder Account 0.45% APY

Get up to 0.45% APY with this new online Savings account from CIT Bank.

• Current rate offer: up to 0.45% APY
• $100 minimum to open
• There are no opening, monthly servicing, online transfer or incoming wire fees.
• Maintain at least a $25,000 balance OR make at least one single deposit of $100 or more each month to earn the highest rate.

(Rate is subjected to change)

Citi Accelerate Savings account

Ally Bank Online Savings

Best Bank Rates 2020

Best State Bank Rates 2020

Some best bank rates are only available in certain states with much higher interest rate than elsewhere. So if you are looking for alternative options and desire a physical branch nearby where you live to conduct your banking and savings needs, then browse through our listing below to see all the best high interest rates available in specific states.

Savings/Money Market Offers You May Like

Find the best nationwide Savings/Money Market Rates and Bank Bonuses currently available. Definitely take a look at the HSBC Direct Savings and CIT Bank Savings Builder accounts offering you industry leading rates nationwide. Additionally, the Chase Savings^SM account has a nice sign-up bonus.