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Savings Account Rates

Compare savings account rates from hundreds of banks. Interest rates on savings accounts vary greatly between banks. That is why we check the rates for over 1,200 banks throughout the country daily and make them searchable to make it easy for you to find the best savings account rate. Use the filter box below to customize your results. You may also want to view our list of money market accounts.

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Deposit Amount | $1 $100,000
Currently Including:
144
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FEATURED
Sponsored Note: "Best Online Bank", Money® magazine 2011, 2012 & 2013
Sponsored Note: Synchrony Bank was formerly GE Capital Retail Bank. FDIC Insured.
Sponsored Note: Maximum flexibility, a great rate and no minimum deposit to open.
Sponsored Note: Member FDIC.
Palladian Private BankSavings Account5 Reviews1.26%$10k-$315
DETAILS
Citizens State Bank (FL)Internet Savings3 Reviews1.06%$10k$250k$265
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Quorum Federal Credit UnionHighQ1.05%--$262
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SFGI DirectSFGI Direct Savings Account4 Reviews1.01%$500-$252
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Salem Five DirecteOne Savings - New Customers Only10 Reviews1.00%-$500k$250
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SmartyPigSmartyPig Savings10 Reviews1.00%--$250
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CIT BankCIT Savings46 Reviews0.95%$25k-$238
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BarclaysOnline Savings13 Reviews0.90%--$225
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Digital Credit UnionDCU Ltd Savings8 Reviews0.85%$25k-$213
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Discover BankDiscover Bank Online Savings29 Reviews0.85%$500-$213
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First Trade Union BankFT High-Yield Savings0.85%$2,500-$213
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Mutual of Omaha BankOnline Money Market Savings1 Review0.85%$5k$500k$213
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Colorado Federal Savings BankOnline Savings Account2 Reviews0.85%$2,500-$213
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TIAA DirectHigh Yield Savings5 Reviews0.80%--$200
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Sallie Mae BankHigh-Yield Savings20 Reviews0.80%--$200
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ableBankingMoney Market Savings0.80%$250-$200
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Capital One 360360 Savings Account20 Reviews0.75%--$188
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FNBO DirectOnline Savings4 Reviews0.75%-$1m$188
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Clear Sky AccountsClear Sky Savings3 Reviews0.70%-$250k$175
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Communitywide Credit UnionFunds-30.70%$2k-$175
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Alliant Credit UnionSavings13 Reviews0.70%--$175
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Franklin Synergy BankE-Savings Account0.65%$25k-$163
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Amboy DirectPersonal eSavings Account1 Review0.65%$3k$100k$163
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Patelco Credit UnionTreasury Income Account5 Reviews0.65%$25k-$163
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1st Constitution Bank1st Choice Super Savings2 Reviews0.65%$10k-$163
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Bank of Internet USAHigh Yield Savings14 Reviews0.61%--$152
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EverBankYield Pledge Savings13 Reviews0.61%--$152
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Wilshire BankeLink Savings2 Reviews0.60%$500-$150
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Newtown Savings BankNSBiSavings0.60%$25k-$150
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First Internet Bank of INRegular Savings1 Review0.60%--$150
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DollarSavingsDirectDollar Savings Account3 Reviews0.55%$1k-$138
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Savings SquareSquare Savings Account0.55%--$138
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Zions BankInternet Savings w/ Relationship11 Reviews0.50%$1k-$125
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Presidential Bank (MD)Premier Savings5 Reviews0.50%-$35k$125
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AloStar Bank of CommerceSavings 3 Reviews0.50%$50-$125
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Melrose Credit UnionShare Account15 Reviews0.50%--$125
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Displaying 1-40 of 144 Results



Savings Account Rate Trend

Savings Account Rates

The savings account table above allows you to compare savings account rates offered by financial institutions like online banks, credit unions, community banks, and big banks. The best savings account rates are published at the top of the rate table and decrease in APY as you scroll down. Feel free to filter the results by location and investment amount for customized results.

What Is A Savings Account?

A savings account is defined by Regulation D of the Federal Reserve Board guidelines as a bank deposit for which there is no expiration date, nor a specific date on which it becomes payable to the depositor. Savings accounts are not considered “transactional” because the number of withdrawals account holders are allowed to make is restricted each month (currently 6 withdrawals/month). Financial institutions pay varying degrees of interest in exchange for your deposit, with the online savings account usually offering some of the highest interest rates.

How To Use A Savings Account

Saving money is one of the primary functions and benefits provided by a savings account. The savings account helps consumers to manage their money better and provides security for your cash. For consumers already with a checking account, opening a savings account can serve as a backup to prevent overdrafts from occurring. A wise strategy is to establish an emergency savings account with enough funds to cover up at least 3 months of expenses. High yield savings accounts are the best option for emergency savings, as you will earn the higher rates of return on your reserves. ACH transfers are another benefit that makes it easy to transfer funds to and from various accounts.

Money Market Accounts are similar to savings accounts, but differ mainly in two ways: MMAs typically offer limited check writing and have minimum balance requirements. Savings accounts typically do not.

Many consumers compare savings accounts regularly as a part of their savings plan, in order to take advantage of the highest savings account rates available at any given time. DepositAccounts has a savings calculator that will tell you how much compounding interest you can expect from a given account over a certain period of time. Multiple savings accounts can be advantageous as well, especially if you have, or plan to have, an online savings account. Having an account on the web and on the ground (in the form of physical bank branches) could help you take advantage of higher rates while maintaining personal banking relationships.