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.
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)
Axos Bank High-Yield Savings Up to 0.61% APY
Take your money further, faster and earn up to 0.61% APY with the High Yield Savings account from Axos Bank.
- Earn up to 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)
CIT Bank Money Market Account 0.45% APY
Get 0.45% APY with this new online Money Market account from CIT Bank.
- Current rate offer is 0.45% 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 0.40% APY
Get up to 0.40% APY with this new online Savings account from CIT Bank.
- Current rate offer: up to 0.40% 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 0.40% APY
Open a Discover Online Savings Account and earn an interest rate of 0.40% APY on your funds.
- Earn high interest rate of 0.40% 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.)
Citibank Promotions
Axos Bank High Yield Money Market 0.25% APY
Enjoy the security of traditional savings with the advantage of high interest rates and limited transactions. Earn 0.25% APY on your funds with the High Yield Money Market account from Axos Bank.
- Current rate offer: 0.25% APY on all balances
- No fees. No minimum balance requirements
- $1000 minimum balance to open an account
- FDIC Insured
(FDIC Insured)
Best Bank Rates 2020
| Bank | Account Type | APY | Terms | Hard/Soft Pull | Review |
|---|---|---|---|---|---|
| Aspiration ($100 bonus) | Spend & Save Account | 1.00% | $10/No max | ? | Review |
| Patelco Credit Union | Money Market Select Account | 1.00% | No Min/$2K max | ? | Review |
| T-Mobile Money | Checking Account | 1.00% | No Min/No max | Soft | Review |
| Affinity Plus Federal Credit Union | Superior Money Market | 1.00% | No min/$25K max | ? | Review |
| Connexus Credit Union | MMA | 0.85% | $100,000 min/No max | ? | Review |
| CommunityWide Fed Credit Union | High Rate Quarterly Fund | 0.80% | $500 min/No max | ? | Review |
| Gold Coast Bank | Money Market | 0.75% | No min/No max | ? | Review |
| Merchants Bank of Indiana | MMA | 0.75% | No Min/$1M max | ? | Review |
| Neighbors Bank | High Yield Online Savings | 0.70% | $25 min/$250k max | ? | Review |
| Smarty Pig | High Yield Savings | 0.70% | No min/$10K Max | ? | Review |
| Affirm | Online Savings | 0.65% | No min/No max | Soft Pull | Review |
| Fitness Bank | Savings Account | 0.65% | $100 min/No max | ? | Review |
| ConnectOne Bank | Online Savings | 0.65% | $2.5K min/$250K max | ? | Review |
| CFG Bank | High Yield Money Market | 0.59% | $25K min/No max | ? | Review |
| Vio Bank | High Yield Online Savings | 0.57% | No min/No max | Soft Pull | Review |
| Alliant Credit Union | High Yield Savings | 0.55% | No min/No max | Soft Pull | Review |
| BrioDirect | Direct Savings | 0.55% | $5K min/No max | ? | Review |
| USALLIANCE | High Yield Divided Account | 0.55% | No min/No max | Soft Pull | Review |
| CIBC Bank | Agility Online Savings | 0.52% | $1K min/No max | ? | Review |
| SFGI Direct Savings | Direct Savings | 0.51% | No min/No max | Soft Pull | Review |
| Ally Bank | Online Savings Account | 0.50% | No Min /No max | ? | Review |
| BankPurely | PurelyMoneyMarket | 0.50% | $25k min/No max | Soft Pull | Review |
| Citibank | Citi® Accelerate Savings | 0.50% | No min/No max | Soft Pull | Review |
| Customers Bank | Market Savings Account | 0.50% | $25K min/No max | Soft Pull | Review |
| First Foundation Bank | Online Savings | 0.50% | $1K Min/No max | ? | Review |
| Live Oak Bank | Savings Account | 0.50% | $1K min/No max | ? | Review |
| Northern Bank Direct | Money Market | 0.50% | $5K min/No max | Soft Pull | Review |
| Prime Alliance Bank | Personal Savings | 0.50% | $1 min/ No max | ? | Review |
| PNC Bank (Many States) | High-Yield Savings | 0.50% | $1 min/$5M max | Soft Pull | Review |
| iGObanking | Money Market Account | 0.50% | No min/No max | Soft Pull | Review |
| First Internet Bank | Money Market | 0.50% | $4K min/No max | Soft pull | Review |
| Marcus by Goldman Sachs | High-Yield Online Savings | 0.50% | $2,500 min/No max | ? | Review |
| CIT Bank | Savings Connect | Up to 0.50% | No min/No max | Soft Pull | Review |
| National Cooperative Bank | Impact Money Market | 0.50% | $5K min/No max | ? | Review |
| Star One Credit Union | Money Market | 0.50% | No min/No max | Soft Pull | Review |
| TAB Bank | High Yield Savings | 0.50% | $1 min/No max | ? | Review |
| TotelDirectBank | Direct Money Market Deposit | 0.50% | $5k min/$500k max | Soft Pull | Review |
| Rising Bank | High Yield Savings | 0.50% | $1K min/$500K max | Soft Pull | Review |
| Western State Bank | High Yield Money Market | 0.50% | No min/$3M max | Soft Pull | Review |
| Synchrony Bank | High Yield Savings Account | 0.50% | No min/ No max | Soft Pull | Review |
| Bank7 | Online Money Market | 0.45% | No min/$1M max | Soft Pull | Review |
| Bank7 | Online Savings | 0.45% | No min/$1M max | Soft Pull | Review |
| CIT Bank | Money Market | 0.45% | $100 min/No max | Soft Pull | Review |
| Gateway First | High Yield Savings | 0.45% | No min/$1M max | Soft Pull | Review |
| Penfed Credit Unon | Premium Online Savings | 0.45% | No min/No max | Soft Pull | Review |
| Popular Direct | Select Savings | 0.45% | $5K min/$1M max | Soft Pull | Review |
| Capital One 360 | Performance Savings | 0.40% | $10K min/No max | Soft pull | Review |
| American Express | High-Yield Savings | 0.40% | No min/$5M max | ? | Review |
| Bellco Credit Union | Premier Money Market Account | 0.40% | $50K min/No max | ? | Review |
| All America Bank | Mega Money Market® Checking | 0.40% | No min/$50K max | Soft Pull | Review |
| CIT Bank | Savings Builder | 0.40% | $100/25K min/No max | Soft Pull | Review |
| Citizens Access | Online Savings | 0.40% | $5K /$250K max | ? | Review |
| Colorado Federal Savings Bank | High Yield Savings | 0.40% | $1 min/No max | Soft Pull | Review |
| Discover Bank | Online Savings Account | 0.40% | No min/No max | Soft Pull | Review |
| Elements Financial | Helium Savings Account | 0.40% | $2,500 min/$250,000 max | Soft Pull | Review |
| MutualOne Bank | Online Savings | 0.40% | No min/No max | Soft Pull | Review |
| Redneck Bank | Mega Money Market | 0.40% | $1 min/$50K max | Soft Pull | Review |
| Salem Five Direct | eOne Savings | 0.40% | No min/$1M max | Soft Pull | Review |
| TIAA Bank | Yield Pledge Money Market | 0.40% | $500 min/$250K max | ? | Review |
| Sallie Mae Bank | Money Market | 0.40% | No min/No max | Soft Pull | Review |
| Discover Bank | Money Market | 0.35% | $100K min/No max | Soft Pull | Review |
| Dollar Savings Direct | Performance Savings | 0.35% | $1K min/No max | Soft pull | Review |
| FNBO Direct | Online Savings | 0.35% | $1 min/$1M max | Soft pull | Review |
| Betterment | EverydayTMCash Reserve | 0.30% | $10 min/No max | ? | Review |
| Nationwide by Axos Bank | My Savings | 0.30% | No min/No max | Soft Pull | Review |
| Paramount Bank | High-Interest Checking | 0.30% | No min/No max | ? | Review |
| Envision Bank | Savvy Savings | 0.25% | $25 min/No max | Soft pull | Review |
| SoFi $50 bonus | SoFi Money Account | 0.20% | No min/No max | ? | Review |
| UFB Direct | High Yield Savings | 0.20% | $25K min/No max | Soft Pull | Review |
| able Banking | Money Market Savings | 0.15% | No min/No max | Soft pull | Review |
| BankUnitedDirect | Direct Online Money Market | 0.15% | $2.5k min/$250k max | Soft pull | Review |
| NBKC | Personal Money Market | 0.15% | No min/No max | ? | Review |
| NBKC | Everything Account | 0.15% | 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 |
|---|---|---|---|---|---|
| Workers Credit Union | MA | SaveUP Savings Account | 4.32% | $0 min/$1k max | Review |
| BOM Bank | LA, TX | Premium Checking | 4.09% | No min/$10K max | Review |
| Texoma CCU | TX | Cashtastic Checking | 3.51% | No min/$10K max | Review |
| SharePoint Credit Union | MN | eSavings | 3.00% | No min/$10K max | Review |
| Central Minnesota CU | MN | My Goal Savings | 1.90% | $0+ minimum to earn high rate | Review |
| Keesler Federal Credit Union | AL, LA, MS | High Interest Money Market Plus | 1.40% | $2,500K minimum to earn high rate | Review |
| Apco Employees Credit Union | AL | IRA Savings Account | 1.26% | $25 to earn high rate | Review |
| Amboy Direct | NJ | eSavings Account | 1.01% | $1.00 min/$250,000 max | Review |
| Affiliated Bank | TX | Kasasa Saver | 1.00% | No min/$50,000 max | Review |
| Gold Coast Bank | IL | Money Market | 0.75% | $1.00 min/No max | Review |
| Pelican State Credit Union | AR, LA, MS, TX | Kasasa Saver | 0.75% | No Min/$50k max | Review |
| Home State Bank | MN | Kasasa Saver | 0.50% | No Min/$50k max | Review |
| WauBank | AZ, CT, FL, MA, RI, TN, VA | High Yield Online Savings | 0.40% | $5K Minimum to earn 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 CIT Bank Savings Builder accounts offering you industry leading rates nationwide.
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 Aspiration account has a nice sign-up bonus plus great rate. |
||
| PROMOTIONAL LINK | OFFER | REVIEW |
| Aspiration | 1.00% APY + $100 Cash | Review |
| Axos Bank High-Yield Savings | Up to 0.61% APY | Review |
| Quontic Bank High Yield Savings | 0.55% APY | Review |
| CIT Bank Money Market | 0.45% APY | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| CIT Bank Savings Builder | 0.40% APY | Review |
| Discover Bank Online Savings | 0.40% APY | Review |
| Axos Business Savings | 0.20% APY + $100 Bonus | 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!