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.
Table of Contents
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.
UFB Direct 1.00% APY (Available Nationwide)
UFB Direct’s High Yield Savings Account is offering a 1.00% APY on balances of $10,000 or more. The account offers free online banking tools, all with no monthly maintenance fees.
- The UFB High Yield Savings Account offers up to 1.00% APY with interest compounded daily.
- Account balances $10,000.00 and above will earn the variable ongoing APY on the full account balance.
- The minimum deposit to open a UFB Direct High Yield Savings Account is only $100.
- FDIC insured to the maximum allowable limit.
(FDIC Insured)
CIT Bank Money Market Account 1.00% APY
Get 1.00% APY with this new online Money Market account from CIT Bank.
- Current rate offer is 1.00% 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 0.95% APY
Get up to 0.95% APY with this new online Savings account from CIT Bank.
- Current rate offer: up to 0.95% 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)
Discover Bank Online Savings 1.01% APY
Open a Discover Online Savings Account and earn an interest rate of 1.01% APY on your funds.
- Earn high interest rate of 1.01% 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.)
Citi Accelerate Savings account 1.20% APY
Best Bank Rates 2020
| Bank | Account Type | APY | Terms | Hard/Soft Pull | Review |
|---|---|---|---|---|---|
| HMBradley | Checking Account | 3.00% | No min/$10k Max | ? | Review |
| Affinity Plus Federal Credit Union | Money Market | 2.02% | No min/$25K max | ? | Review |
| Earn Bank | Money Market Account | 1.85% | No min/No max | ? | Review |
| Neighbors Bank | High Yield Online Savings | 1.70% | $25 min/$250k max | ? | Review |
| PNC Bank (Many States) | High Yield Savings Account | 1.60% | $1 min/No max | Soft Pull | Review |
| SunTrust Bank | Advantage Money Market | 1.50% | $10K min/No max | ? | Review |
| Patriot Bank | Money Market | 1.40% | No min/No max | ? | Review |
| Quontic Bank | Money Market Account | 1.30% | $150K min/No max | ? | Review |
| Smarty Pig | High Yield Savings | 1.25% | No min/No max | ? | Review |
| Varo | Savings Account | 1.21% | No min/No max | ? | Review |
| VIO Bank | Online Savings Account | 1.21% | $500 min/$250K max | ? | Review |
| CitiBank | Savings Account | 1.20% | No min/No Max | Soft Pull | Review |
| Colorado Federal Savings Bank | Premier Savings | 1.20% | $50K min/No max | ? | Review |
| First Foundation Bank | Online Savings | 1.20% | $1K Min/No max | ? | Review |
| CFG Bank | Online High Yield Money Market | 1.16% | $25K/No max | ? | Review |
| SFGI Direct | Savings | 1.16% | No min/No max | ? | Review |
| CIBC Bank | Agility Savings | 1.15% | $1K min/$1M max | ? | Review |
| Gateway First Bank (38 States) | Savings | 1.15% | $10 min/No Max | ? | Review |
| All America Bank | Mega Money Market | 1.10% | No min/$50K max | Soft Pull | Review |
| Bank5 Connect | High-Interest Savings | 1.10% | $100 min/No max | Hard Pull | Review |
| BMO Harris | Platinum Money Market | 1.10% | $5K min/No max | Soft Pull | Review |
| ConnectOne Bank | Online Savings | 1.10% | $2.5k min/$250k max | ? | Review |
| Redneck Bank | Mega Money Market | 1.10% | No min/$50K max | Soft Pull | Review |
| Western State Bank | Money Market Account | 1.10% | No min/$3M max | ? | Review |
| able Banking | Money Market | 1.05% | $250 min/No max | Soft Pull | Review |
| CFBank | MMA | 1.05% | $25K min/No max | ? | Review |
| Fitness Bank | Savings Account | 1.05% | $100 min/No max | ? | Review |
| Marcus By Goldman Sachs | Online Savings | 1.05% | No min/No max | Soft pull | Review |
| Popular Direct | Ultimate Savings | 1.05% | $5K min/No max | ? | Review |
| Synchrony Bank | High Yield Savings | 1.05% | $1K min/$5M max | ? | Review |
| TotalDirectBank | Money Market | 1.05% | $5K min/No max | ? | Review |
| Discover Bank | Online Savings Account | 1.01% | No min/No max | Soft Pull | Review |
| First Internet Bank | Money Market | 1.01% | $100 min/No max | Soft Pull | Review |
| Prime Alliance Bank | Personal Savings | 1.01% | $10K min/No max | ? | Review |
| PurePoint Financial | Online Savings Account | 1.01% | $10K min/No max | ? | Review |
| Ally Bank | Online Savings | 1.00% | No min/No max | Soft Pull | Review |
| American Express Bank | High-Yield Savings | 1.00% | No min/$5M max | Hard Pull | Review |
| Aspiration | Spend & Save Account | 1.00% | $10/No max | ? | Review |
| Barclays | Online Savings | 1.00% | No min/No max | ? | Review |
| Capital One 360 | Performance Savings | 1.00% | $10K min/No max | Soft pull | Review |
| Capital One 360 | 360 Checking | 1.00% | $100K min/No max | Soft Pull | Review |
| Capital One 360 | 360 Savings | 1.00% | No min/No max | Soft Pull | Review |
| CIT Bank | Money Market | 1.00% | $100 min/No max | Soft Pull | Review |
| Citizens Access | Online Savings Account | 1.00% | $5K min/No max | ? | Review |
| Colorado Federal Savings Bank | High Yield Savings | 1.00% | $1/No max | Soft Pull | Review |
| Comenity Direct | High Yield Savings | 1.00% | $1 min/$10 M max | Soft Pull | Review |
| CommunityWide Fed Credit Union | High Rate Quarterly Fund | 1.00% | $500 min/No max | ? | Review |
| Dollar Savings Direct | High Interest Savings | 1.00% | No min/No max | ? | Review |
| Huntington Bank | Business Premier Money Market | 1.00% | $10K min/$2M max | Soft Pull | Review |
| Live Oak Bank | Savings Account | 1.00% | No min/$5M max | Soft Pull | Review |
| My e-BAnC | eRelationship Savings | 1.00% | $25K min/$100K max | Soft Pull | Review |
| Northern Bank Direct | Money Market | 1.00% | $5K/$250K max | Soft Pull | Review |
| Pacific National Bank | Money Market Account | 1.00% | $5K min/ No max | ? | Review |
| PenFed Credit Union | Online Savings | 1.00% | $1.00 min/No max | ? | Review |
| Rising Bank | High Yield Savings | 1.00% | $1K min/$500K max | ? | Review |
| Salem Five Direct | eOne Savings Account | 1.00% | No min/$1M max | Hard Pull | Review |
| Simple | Savings Account | 1.00% | $2K min/ No max | Soft Pull | Review |
| UFB Direct | High Yield Savings | 1.00% | $25K min/No max | Soft Pull | Review |
| VirtualBank | eMoney Market Account | 1.00% | No min/No max | ? | Review |
| CIT Bank | Savings Builder | 0.95% | $100/25K min/No max | Soft Pull | Review |
| Discover Bank | Money Market | 0.90% | $100K min/No max | Soft Pull | Review |
| Betterment | EverydayTMCash Reserve | 0.40% | $10 min/No max | ? | Review |
| BBVA | Money Market | 0.19% | No min/No max | Soft Pull | Review |
| SoFi $75 bonus | SoFi Money Account | 0.10% | No min/No max | ? | Review |
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.
| Bank | State | Account Type | APY | Terms | Review |
|---|---|---|---|---|---|
| SharePoint Credit Union | MN | eSavings | 3.00% | No min/$10K max | Review |
| Apco Employees Credit Union | AL | IRA Savings Account | 2.02% | $25 to earn high rate | Review |
| Central Minnesota CU | MN | My Goal Savings | 2.00% | $0+ minimum to earn high rate | Review |
| WauBank | AZ, CT, FL, MA, RI, TN, VA | High Yield Online Savings | 1.85% | $5K Minimum to earn rate | Review |
| Amboy Direct | NJ | eSavings Account | 1.51% | $1.00 min/$250,000 max | Review |
| College Savings Bank | AZ | Honor Savings | 1.16% | $250 minimum to earn high rate | Review |
| Kearny Bank | NJ, NY | Relationship Building Money Market | 1.15% | $15k minimum to earn high rate | Review |
| Citadel | PA | High Yield Savings | 1.05% | $10k minimum to earn high rate | Review |
| Home Loan Investment Bank | RI, MA | Savings Account | 1.05% | $50K to earn high rate | Review |
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 SavingsSM account has a nice sign-up bonus.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings has a nice sign-up bonus plus great rate. |
||
| PROMOTIONAL LINK | RATE | REVIEW |
| UFB Direct High Yield Savings | 1.00% APY | Review |
| CIT Bank Money Market | 1.00% APY | Review |
| CIT Bank Savings Builder | 0.95% APY | Review |
| Simple | 1.00% APY | Review |
| American Express High Yield Savings | 1.00% APY | Review |
| Discover Bank Online Savings | 1.01% APY | Review |
| BONUS LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Chase Total Business Checking® | $300 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking® | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| CIT Bank Money Market | 1.00% APY | Review |
| CIT Bank Savings Builder | 0.95% APY | Review |
| Simple | 1.00% APY | Review |
Anthony,
I don’t ever usually leave posts but since the site isn’t providing accurate and updated Banking deposit fee information I thought I would. This is what I found so far;
BankUnitedDirect Money Market: Minimum Deposit of $2500 with a $15 monthly fee if it falls below the minimum amount. Early Account Closing fee of $15 if not opened for six months.
Earn Bank Money Market Account: Minimum Deposit $10,000 with a $10 monthly fee after the third month of account opening.
Please update this so your readers can have actual and true information. Thanks!
Tried three times to apply to Customers Bank for a 2.25 percent interest rate and it would not process. Stay away, it’s not worth the aggravation or the rate. I’m sure too, once they get enough depositors, they’ll lower the rate….thumbs down!!!!
Same problem with Customers Bank Ascent Money Market, failed 2 attempts to get signed up. Now they have all my private info. Is this some kind of scam?
Anthony,
Do you also post mortgage rates?
Hello Tasha,
We do not. Sorry.
Thank you so much Anthony for providing this valuable resource. If I had this years ago, my retirement portfolio would be awesome. Your a great resource!