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Best Bank Account Interest Rates - Summary For November 26, 2019


Rate cuts on savings and money market accounts are still widespread. Even if the Fed decides to hold rates steady at its next meeting in two weeks, we probably still have a month or two of further rate cuts. Online banks have generally been responding to each Fed rate cut with two to three small rate cuts over a period of one to two months. So we probably will continue to see widespread rate cuts through at least December.

Below are the noteworthy savings and money market account rate changes that have occurred in the last two weeks (All percentages are APYs):

  • CFG Bank High Yield Money Market (-5 bps to 2.30%, $25k+)
  • TotalDirectBank Money Market Savings (-10 bps to 2.25%, $5k+)
  • BrioDirect High-Yield Savings (-10 bps to 2.20%)
  • My eBanc eRelationship Savings (-25 bps to 2.05%, $100k+)
  • Virtual Bank eMoney Market Special (-14 bps to 2.01%)
  • Western State Bank High Yield Money Market (-10 bps to 2.00%)
  • All America Bank Mega Money Market (-25 bps to 2.00%, up to $50k)
  • Redneck Bank Mega Money Market (-25 bps to 2.00%, up to $50k)
  • Comenity Direct High-Yield Savings (-15 bps to 2.00%)
  • First Foundation Online Savings (-40 bps to 2.00%)
  • Customers Bank High-Yield Savings (-25 bps to 1.95%, $25k+)
  • Bank 7 High Rate Online Savings (-10 bps to 1.91%)
  • Bank 7 High Rate Online Money Market (-10 bps to 1.91%)
  • My eBanc Super Saver Money Market (-25 bps to 1.90%)
  • Live Oak Bank Savings (-15 bps to 1.85%, effective 11/27)
  • Capital One 360 Performance Savings (-10 bps to 1.80%)
  • Barclays Online Savings (-10 bps to 1.80%)
  • Synchrony Bank High Yield Savings (-10 bps to 1.80%)
  • FNBO Direct Online Savings (-10 bps to 1.80%)
  • Bay State Savings Bank Money Market (-25 bps to 1.75%)
  • Discover Bank Online Savings (-10 bps to 1.70%)
  • Marcus by Goldman Sachs Online Savings (-20 bps to 1.70%)
  • Radius Bank High-Yield Savings (-35 bps to 1.65%, $25k+)
  • Discover Bank Money Market (-10 bps to 1.60%, $100k+)

The rate leader continues to be FitnessBank’s Savings Account with a 2.60% APY. This APY requires that the customer average 12,500 steps per day for the month as measured by a step tracker app. The rate falls to 2.34% APY when the step average is between 10,000 and 12,500. The rate falls significantly for lower step averages. Since only some of the customers receive these high rates, the average interest yield that FitnessBank pays out is much less than 2.60%. That may increase the odds of FitnessBank maintaining the rate lead status. The bank typically changes rates at the start of a month. So we’ll see if this holds into December.

The rate leader without activity requirement now goes to the High Yield Money Market Account at CFG Community Bank. It currently offers a 2.30% APY for balances of at least $25k. This is a new online account that started out with a 2.50% APY in early October. I’ll be surprised if it continues to retain the top spot.

The previous rate leader (without activity requirements) was First Foundation Bank which had an Online Savings Account that earned 2.40% APY. This rate plummeted to 2.00% APY on November 20th for new customers. The bank was nice enough to grandfather in existing customers, who will continue to receive the 2.40% APY. There’s no guarantee on how long this will last, but the bank has said that they have no plans to lower this rate in the near future.

The rate leader without activity requirements and without any large balance requirements is now SFGI Direct. Its savings account has maintained a 2.27% APY since January. SFGI Direct has a long history of keeping this account competitive. I wrote about the account’s 10-year history in January. The rate will likely fall, but based on its history, it will likely remain competitive.

Rate guarantees without withdrawal penalties

When rates are falling, the best savings and money market deals are specials that guarantee a rate for a period of time. There are currently four accounts with rate guarantees that are worth mentioning. None are new to this week.

First, Customers Bank continues to offer a promotion on its Ascent Money Market Savings Account with a 2.25% APY guaranteed until 6/30/2020. A minimum balance of $25k is required.

In September, I reported on the MAX-Yield Money Market Account promotion at Sun East Federal Credit Union. This is still available. The account offers 2.20% APY on balances from $5k to $250k, and the rate is guaranteed for 13 months from account opening. Withdrawals are much more limited than the average money market account. Fee-free withdrawals are restricted to only one per calendar quarter.

The third rate guarantee is being offered by Elements Financial Credit Union. It’s a new promotion of its Helium Savings Account. For new account holders, the account earns 2.10% APY on balances of $2.5k and above. That rate is guaranteed for one year. After that one year, there will likely be a large rate drop. The current rate on its standard Helium Savings Account is only 1.30% APY.

The fourth rate guarantee is the Yield Pledge Money Market Account at TIAA Bank. This account offers new customers 2.00% APY on balances up to $250k that’s guaranteed for the first year of account opening. A version of this offer has long been available at TIAA Bank/EverBank. After the 1-year intro period, a tiered-rate structure takes effect. The current ongoing APYs range from 1.00% for under $10k to 1.80% for over $100k.

No-penalty CDs have some of the liquidity of savings and money market accounts, but like CDs, they offer a rate lock which can be useful when rates are falling. No-penalty CDs have become more common at online banks in the last year, and they are something to consider, especially if you already have a savings account at the bank. The main issue now is that their rates have been falling. If their rates are higher than the savings account, these can be good deals in this falling rate environment.

Some banks like Ally make it easy to open and close the No Penalty CDs. You just lose access to the money in the No Penalty CD for the first six days from account funding. After that, you are free to close the CD without penalty. Ally makes it very quick and easy to move the CD funds into your savings or checking account.

Below is a list of noteworthy no-penalty CDs. Recent rate cuts have occurred at Goldman Sachs Bank. On the plus side, Citizens Access came out with a new 11-month no-penalty CD that they call their Liquid CD.

  • 2.00% APY 11-month Flex Time Deposit ($100k min) - M.Y. eBanc
  • 1.90% APY 13-month No-Penalty CD ($10k min) - PurePoint Financial
  • 1.90% APY 11-month No Penalty CD ($25k min) - Ally Bank
  • 1.90% APY 7-month No-Penalty CD ($500 min) - Goldman Sachs Bank USA
  • 1.85% APY 11-month Liquid CD ($5k min) - Citizens Access
  • 1.80% APY 11-month No-Penalty CD ($1k min) - CIT Bank
  • 1.80% APY 6-month No-Penalty CD ($500 min) - Investors eAccess
  • 1.70% APY 11-month No-Penalty CD ($500 min) - Goldman Sachs Bank USA
  • 1.65% APY 13-month No-Penalty CD ($500 min) - Goldman Sachs Bank USA

Remember that when talking about no-penalty CDs (that function like Ally’s No Penalty CD), a longer term is always better. Since you can close these types of no-penalty CDs at anytime after the first six days, I can’t think of a reason to choose a shorter-term no-penalty CD if the rate is the same.

Competition from Money Market Funds

Another option for your cash instead of savings accounts and money market accounts are money market funds from brokerages. These don’t have FDIC coverage, but they can be reasonable alternatives to deposit accounts. Back when the Fed was holding rates near zero, money market funds had yields of around 0.01%. Keeping your cash at internet banks made a lot more sense back then. Now, it’s not so clear. Money market fund yields have risen substantially as the Fed hiked rates. However, their yields have been falling in this current environment. After three Fed rate cuts, we have seen large yield cuts on money market funds.

Vanguard Prime Money Market Fund 7-day yield fell 5 bps in the last two weeks, falling from 1.80% to 1.75%. Fidelity Money Market Fund 7-day yield fell 4 bps in the last two weeks, falling from 1.55% to 1.51%.

Municipal money market funds have the advantage of being exempt from federal income tax, but their yields continue to be quite a bit lower than the other money market funds. In the last two weeks, the Vanguard Municipal Money Market Fund 7-day yield fell 1 bp to 1.05%. Fidelity’s 7-day yield also fell 1 bp. Its yield is now 0.80%.

Reward Checking Accounts

In the last two weeks, three nationally-available reward checking accounts had rate cuts.

Orion Federal Credit Union announced that its Premium Checking Account will no longer have a top-tier rate of 4.00% APY for up to $30k. Effective December 1st, the qualifying rates will be as follows: 3.00% APY (up to $15k), 2.05% APY ($15k-$100k), 1.50% APY ($100k-$250k), and 1.00% ($250k+). It’s unique that they decided to offer higher qualifying rates for large balances.

The other two accounts that had rate cuts were the Rewards Checking Accounts at All America Bank and at its online division, Redneck Bank. The top rate on these accounts fell from 2.75% to 2.50% APY for balances up to $10k.

Overall, reward checking accounts continue to buck the trend of falling rates. If rates keep falling, I expect we’ll see more rate and balance cap cuts on reward checking accounts. However, history has shown that reward checking accounts can sustain rates significantly higher than online savings account rates, even during a zero interest rate environment.

TAB Bank’s Kasasa Cash account remains the best deal with a 4.00% APY for balances up to $50k. This account has been offering 4.00% APY on up to $50k since we began tracking this account in April.

To find the highest reward checking rates and balance caps in your state or nationwide, please refer to our reward checking rate table. If you're new to reward checking, please refer to my blog post, Overview of Reward Checking and Our Reward Checking Table.

Certificate of Deposit Rates

I’m now publishing my CD survey as a separate post. Please refer to my survey of the best CD rates. This recap focuses on liquid accounts.

CD Deals: I just wanted to include this reminder of a couple of noteworthy CD deals that are available.

3%+ CDs are becoming rare. Those who joined PSECU still have a few days to take advantage of a 3-year CD with a 3.25% APY and a 2-year CD with a 3.00% APY (see post).

Other than PSECU, I only see three credit unions offering 3%+ CDs that are nationally available.

The first one is Andrews Federal Credit Union, and it just started to offer a 3-month special CD with a 3.01% APY. This 3-month special is scheduled to last through December 6th. On the opposite side of the maturity spectrum, Andrews Federal continues to offer a 3.05% APY on its special 7-year CD. People in any state can join this credit union via the American Consumer Council.

The second 3%+ CD is the 5-year CD at from Justice Federal Credit Union. It’s offering 5-year rates up to 3.21% APY. This requires a $100k minimum deposit and a checking relationship. The rates are about 10 bps lower without a checking relationship, and 10 bps lower for a $500 minimum deposit.

The third 3%+ CD is the mid-term CD that is still being offered by Wyoming-based Western Vista Federal Credit Union. In early September it introduced a 29-month CD special that earns 3.00% APY. There’s also a 17-month CD special that earns 2.50% APY. Minimum deposit for both CDs is only $500. This credit union currently offers a way for people in any state to join. It just requires a $5 contribution to a foundation. A reader commented that he was able to join and open the 29-month CD, but this required some work. Paperwork had to be notarized and mailed. Please refer to my review of the credit union and this CD special for more details.

The bank with the highest nationally available CD rate continues to be DollarSavingsDirect which has long been offering 2.80% APY on its 5-year CD. Minimum deposit is $1k, and a DollarSavingsDirect savings account is required. The early withdrawal penalty is only 180 days of interest. However, early withdrawals require the “consent of the Bank.” I have more details in this DollarSavingsDirect CD review.

This is my new weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review blog post.

Rates as of November 26, 2019

Checking/Savings/Money Market Accounts:

  • Noteworthy Accounts Available Nationwide:
FitnessBank2.60% (requires using step tracker app and averaging 12.5k steps/daily) Fitness Savings Account - Account review
CFG Community Bank2.30% ($25k min), 2.15% ($1k)High Yield Money Market Account - Account review
SFGI Direct2.27%SGFI Direct Savings Account - Account review
Customers Bank2.25% ($25k min)Ascent Money Market Savings (rate guarantee through 6/30/2020 - Account review
TotalDirectBank2.25% ($5k min)Direct Money Market Deposit Account (not available in CA or FL) - Account review
MECU2.25% ($10k)Money Market Special - Account review
State Bank of India (IL)2.25% ($500) Savings
SkyOne Federal Credit Union2.25% ($1k) High Yield Savings ($1k monthly deposit required)
State Bank of India (IL)2.25% ($5k) Money Market
Presidential Bank2.25% ($100k+), 1.25% ($250k+), 0.25% (less than $100k)Money Market Plus Checking - Account review
Prime Alliance Bank2.22% ($10k+) 1.96% ($1+)Personal Savings - Account review (NTS*)
BrioDirect2.20% ($25 min)High-Yield Savings - Account review
CommunityWide Federal Credit Union2.20% (penalty-free withdrawals first 5 days of each calendar quarter)High Rate Quarterly Funds Account - Account review
Sun East Federal Credit Union2.20% ($5k, 13-month rate guarantee)MAX-Yield Money Market Account - Account review
Quontic Bank2.20% ($100k), 2.10% ($5k), 1.85% APY (up to $5k)Personal Money Market - Account review
TAB Bank2.10% ($1 min)High Yield Savings - Account review
Elements Financial2.10% ($2.5k min) Helium Savings Promo (rate guaranteed for one year) - Account review
Vio Bank2.07% Online High Yield Savings - Account review
HSBC Direct2.05%HSBC Direct Savings
earn.bank2.05%Money Market Account - Account review
Pacific National Bank2.05% ($5k min) Money Market Deposit Account - Account review
BMO Harris Bank2.05% ($5k)Platinum Money Market (excludes AZ, FL, IL, IN, KS, MN, MO and WI - Account review
Northpointe Bank2.05% ($25k+), 1.12% (below $25k and $1m+)Ultimate Savings - Account review
My eBanc2.05% ($100k), 1.90% ($25k)eRelationship Savings Account (CD required) - Account review
Virtual Bank2.01% eMoney Market Special - Account review
Envision Bank2.01% ($10 min)Savvy Savings - Account review
Western State Bank2.00% (up to $3m)High Yield Money Market - Account review
MemoryBank2.00% ($1 million max) Online Money Market - Account review
MySavingsDirect2.00%MySavings Account - Account review
TIAA Bank2.00% (1yr intro rate), 1.80% ($250k+) 1.65% ($50k+) ongoing ratesYield Pledge Money Market - Account review
PNC Bank2.00% Online High Yield Savings (not available in all states) - Account review
BankUnitedDirect2.00%Online Money Market - Account review
All America Bank2.00% (up to $50k), 0.50% ($50k+)Mega Money Market Account - Account review
Redneck Bank2.00% (up to $50k), 0.50% ($50k+)Mega Money Market Account
Comenity Direct2.00% ($100 min)High-Yield Savings - Account review
First Foundation Bank2.00% ($1k min)Online Savings - Account review
UFB Direct2.00% ($25k min)Premium Money Market - Account review
NASB1.97% ($50k-$5m) High Rate Savings - Account review
WebBank1.95% ($1k min)High Yield Savings - Account review
Customers Bank1.95% ($25k min)High-Yield Savings Account - Account review
First Internet Bank1.92% (no min) Money Market Savings
Salem Five Direct1.91% eOne Savings (up to $1m), for new customers only - Account review
Bank 71.91% ($100 min)High Rate Online Savings Account
Bank 71.91% ($5k min)High Rate Online Money Market
CNB Bank Direct1.91% ($25k+)Premium Money Market
Northfield Bank1.90% ($225k max) Online Platinum Savings - Account review
My eBanc1.90%Super Saver Money Market - Account review
USALLIANCE Financial1.90% ($500 min)High Dividend Savings - Account review
Marcus by Goldman Sachs1.90%7-month No Penalty CD ($500) - Account review
Rising Bank1.90% ($1k min)High Yield Savings - Account review
Popular Direct1.90% ($5k min opening deposit) Ultimate Savings - Account review
PurePoint Financial1.90% ($10k) 13-month No-Penalty CD Account review
BankPurely1.90% ($25k min) PurelyMoneyMarket - Account review
iGObanking.com1.90 ($25k min) MMA, New accounts and new money only - Account review
Ally Bank1.90% ($25k)No-Penalty 11-month CD - Account review
CFSB (Colorado Federal Savings Bank)1.90% ($50k+) Premier Savings (New customers) - Account review
Citizens Access1.85% ($5k)11-month Liquid CD - Account review (NTS*)
Live Oak Bank1.85% ($5 million max) Savings Account - Account review (rate effective 11/27/19)
CIBC USA (formerly The Palladin PrivateBank)1.85%Agility Savings Account - Account review
Sallie Mae Bank1.85%Money Market Account - Account review
CIT Bank1.85% ($25k min)Savings Builder - Account review
CIT Bank1.85% ($100 min)Money Market - Account review
Bank5 Connect1.85% ($100 min)High Interest Savings - Account review
ableBanking1.85% ($250 min)Money Market Savings - Account review
Citizens Access1.85% ($5k min)Online Savings Account - Account review
MutualOne Bank1.81% ($1m max)Online Statement Savings - Account review
FNBO Direct1.80%Online Savings
Capital One1.80% 360 Performance Savings - Account review
Barclays1.80%Online Savings - Account review
Synchrony Bank1.80%High Yield Savings - Account review
CIT Bank1.80% ($1k min)11-month No-Penalty CD - Account review
PurePoint Financial1.80($10k min)Online Savings - Account review
iGObanking.com1.80%iGOsavings - Account review
DollarSavingsDirect1.80%Dollar Savings Account - Account review
BankPurely1.80% ($1 min) SavingPurely - Account review
Investors eAccess1.80% ($500)6-month No Penalty CD - Account review
American Heritage Credit Union1.80% ($10k min)High Yield Savings (guaranteed through 12/31/2019)
EBSB Direct1.80% ($10k+), 0.80% ($2m+), 0.50% ($10+)Money Market Special 3 - Account review
American Express National Bank1.75%High Yield Savings - Account review
CFSB (Colorado Federal Savings Bank)1.75% High Yield Savings - Account review
Sallie Mae Bank1.75%High Yield Savings - Account review
Investors eAccess1.75% (up to $2m)eAccess Money Market - Account review
Bay State Savings Bank1.75% ($5k min)Smile Worcester County Consumer Money Market - Account review
M.Y. Safra Bank1.75% ($5k min/$1m max) MYSB Direct Online Money Market - Account review
Ally Bank1.70%Online Savings - Account review - rate change effective 11/13
Discover Bank1.70% Online Savings - Account review
PenFed Credit Union1.70% (up to $250k)Premium Online Savings
Alliant Credit Union1.70% ($100 min)High-Rate Savings - Account review
Marcus by Goldman Sachs1.70% ($500)High-Yield Online Savings Account - Account review
Marcus by Goldman Sachs1.70% ($500)11-month No Penalty CD - Account review
Mutual of Omaha Bank1.70% ($1k min/$1m max)Online Money Market
Radius Bank1.65% ($25k+), 1.25% ($2.5k+)Radius High-Yield Savings - Account review
Marcus by Goldman Sachs1.65%13-month No Penalty CD ($500) - Account review
Quorum Federal Credit Union1.60%HighQ Savings Account
Bethpage Federal Credit Union1.60% ($500 min)Money Market
Discover Bank1.60% ($100k min), 1.55% ($2.5k) MMA - Account review
UmbrellaBank.com1.51% ($25k min), 1.00% ($1k)Money Market
MyBankingDirect1.50% ($25k+), 1.25% ($5k+), 0.25% (less than $5k) Money Market
MidFirst Direct1.25%High Yield Online Savings - Account review

Reward Checking Accounts:

  • Noteworthy Accounts Available Nationwide:
Consumers Credit Union5.09% (up to $10k), 0.20% ($10k-$25k), 0.10% ($25k+) Rewards Checking Tier A- debit card and $1k credit card requirements (Changes effective 10/1/18)
La Capitol Federal Credit Union4.25% (up to $3k), 2.00% ($3k-10k), 0.10% ($10k+)Choice Checking
Consumers Credit Union4.09% (up to $10k), 0.20% ($10k-$25k), 0.10% ($25k+)Rewards Checking Tier B- debit card and $500 credit card requirements (Changes effective 10/1/18)
TAB Bank4.00% (up to $50k), 0.25% ($50k+)Kasasa Cash - Account review
Partner Colorado Credit Union3.50% (up to $10k), 0.50% ($10k-$25k), 0.10% ($25k+)High Interest Checking
One American Bank3.50% (up to $10k), 0.25% ($10k+)Kasasa Cash - Account review
Heritage Bank3.33% (up to $25k), 0.15% ($25k+)eCentive Account
Evansville Teachers Federal Credit Union3.30% (up to $20k), 0.00% ($20k+)Vertical Checking - Account review
Dover Federal Credit Union3.25% (up to $30k), 0.25% ($30k+)Kasasa Cash - Account review
Consumers Credit Union3.09% (up to $10k), 0.20% ($10k-$25k), 0.10% ($25k+)Rewards Checking Tier C - debit card with NO credit card requirements (Changes effective 10/1/18)
Legence Bank3.05% (up to $10k), 0.25% ($10k+)Kasasa Cash
Market USA Federal Credit Union3.01% (up to $15k), 0.05% ($15k+)VIP Checking Platinum Tier - Account review
Main Street Bank3.00% (up to $30k), 0.25% ($25k+)Kasasa Cash - Account review
Elements Financial3.00% (up to $20k), 0.10% ($20k+)High Interest Checking - Account review
Orion Federal Credit Union3.00% (up to $15k), 2.05% ($15k-$100k), 1.50% ($100k-$250k), 1.00% ($250k+)Premium Checking (rates effective 12/1/2019) - Account review
MainStreet Bank3.00% (up to $15k), 0.25% ($15k+)Kasasa Cash - Account review
Lake Michigan Credit Union3.00% (up to $15k), 0.00% ($15k+)Max Checking
INOVA Federal Credit Union3.00% (up to $15k), 0.70% ($15k+)Shield Checking - Account review
Signature Federal Credit Union3.00% (up to $20k), 0.10% ($20k+)Choice Checking
Great Lakes Credit Union3.00% (up to $10k), 0.20% ($10k+)Free Checking
First Security2.51% (up to $50k), 0.20% ($25k+)Kasasa Cash - Account review
XCEL Federal Credit Union2.50% (up to $25k), 0.25% ($25k+)Kasasa Cash Checking
Hanscom Federal Credit Union2.50% ($15k min), 0.40% ($15k+)Kasasa Cash Checking - Account review
Industrial Bank2.50% (up to $15k), 0.25% ($25k+)Kasasa Cash
All America Bank2.50% (up to $10k), 0.50% ($10k+)Ultimate Rewards Checking
Redneck Bank2.50% (up to $10k), 0.50% ($10k+)Redneck Rewards Checking
Envision Bank2.47% (up to $25k min), 0.15% ($25k+)Envision Max - Account review
Campus Federal2.31% (up to $10k), 0.05% ($10k+)Lagniappe Checking
New Buffalo Savings Bank2.27% (up to $15k), 0.2497% ($15k+)Kasasa Cash - Account review
Bellco Credit Union2.25% (up to $25k), 0.25% ($25k+)Boost Interest Checking - Account review
Garden Savings Federal Credit Union2.25% (up to $15k), 0.20% ($15k+)Platinum Checking
Wings Financial Credit Union2.02% (up to $25k), 0.05% ($25k+)High Yield Checking - Account review
TruStone Financial Credit Union2.02% (up to $20k), 0.10% ($20k+)TruRate Checking - Account review
BankFirst2.02% (up to $10k), 0.15% ($10k+)Kasasa Cash
Finex2.018% (up to $25k), 0.20% ($25k+)Axcess Rewards Checking, Premier Account (formerly First New England Federal Credit Union)
Bay State Savings Bank2.01% (up to $20k), 0.25% ($20k+)Kasasa Cash - Account review
Quontic Bank2.00% (up to $1m)Amplify Interest Checking - Account review
Georgia Banking Company2.00% (up to $25k), 1.00% ($25k+)Kasasa Cash - Account review
America's Credit Union2.00% (up to $25k)Affinity Plus Checking - Account review
Hawaii Pacific Federal Credit Union2.00% (up to $25k), 0.25% ($25k+)Kasasa Cash Checking
Northwest Federal Credit Union2.00% (up to $25k), 0.25% ($25k+)Kasasa Cash - Account review
5Star Bank2.00% (up to $25k), 0.15% ($25k+)Kasasa Cash Checking Account review
Country Bank2.00% (up to $20k), 0.25% ($20k+)Kasasa Cash Checking Account review
First Tech Federal Credit Union2.00% (up to $15k), 0.20% ($15k+)Dividend Rewards Checking
Blue Federal Credit Union2.00% (up to $15k), 0.10% ($15k+)Extreme Checking (up to 4% w/account relationships) - Account review
United Educators Credit Union2.00% (up to $10k), 0.25% ($10k+)High Yield Checking
KS StateBank1.90% (up to $25k), 0.50% ($25k+)Check PLUS - Account review
Connexus Credit Union1.75% (up to $25k), 0.25% ($25k+)Xtraordinary Checking
Axos Bank1.25% (up to $150k), 0.00% ($150k+)Rewards Checking
Superior Choice Credit Union1.25% ($30k-$75k), 1.00% (up to $30k)AMP Checking

Certificates of Deposit:

Bank Account Alternatives - May Not Be FDIC Insured

GM Financial Right Notes2.50% ($500+)
Duke Energy PremierNotes2.15% ($50k+), 2.00% ($10k+), 1.95% (less than $10k)Duke Energy PremierNotes review
Ford Interest Advantage2.15% ($50k+), 2.00% ($15k+), 1.95% (less than $15k)Ford Interest Advantage review
Ally Financial Demand Notes1.75% ($50k+), 1.60% ($15k+), 1.40% (less than $15k)
Betterment1.85% Everyday Savings (promo rate) Cash Management Account
Wealthfront1.82% Cash Account Cash Management Account
Vanguard Prime Money Market Fund1.75% 7-day yield
SoFi1.60% SoFi Money Cash Management Account
Fidelity Money Market Fund1.51% 7-day yield
Vanguard Municipal Money Market Fund1.05% 7-day yield
Aspiration1.00% Spend and Save Account Cash Management Account
Fidelity Municipal Money Market Fund0.80% 7-day yield

Removed, No Longer Available

BBVA Compass2.15% ($10k min)ClearChoice MMA Promo - Account review
Banesco USA1.71% ($100 min)BanesGrow Savings - Account review
Haven1.00% Haven Money Savings Program Cash Management Account - Haven will no longer be available after December 15, 2019

Related Pages: savings accounts, money market accounts, reward checking accounts, 1-year CD rates, nationwide deals, Internet banks
Hoby Gilman
Hoby Gilman   |     |   Comment #1
In the realm of CD deals, do not overlook the KFCU thirty month Step CD paying at least 3.1% (3.2% for the jumbo). You only need a thousand bucks to get in on the 3.1% deal. "Gotcha" is that you, for all practical purposes, need to leave the money alone for the full thirty months, else KFCU gouges you pretty bad. But at those high rates I'm not seeing a problem with that aspect.
ichaelm   |     |   Comment #2
Shouldn't Bank Simple be on this list? 2.15% on balances $10k and higher, 2.02% on balances below that. Yes, you must have also have a checking account, but I have $0.01 in mine.
deplorable 1
deplorable 1   |     |   Comment #3
I'm highly disappointed in Redneck with their back to back interest rate decreases particularly with a balance cap and the FED pausing. I can't remember the last time they were this far down on the rate charts.
Predatory Depositor
Predatory Depositor   |     |   Comment #11
Sometimes an FI offers great deals because there's something going on behind the scenes. For example, they are acquisition candidates and they want to beef up their books so they look more valuable. It happens in every industry. More customers means a higher sale price for the owners. Then, when the deal is sealed, the deals all disappear.
The Spender
The Spender   |     |   Comment #4
I'm still with Purpoint and the 13 month guarantee @2.60% & 2.50%. Best move I made for my liquid millions. Rate is good until next August. But after that? The heck with it, start spending some and have fun. Saving so much money is pretty boring.
The Spender
The Spender   |     |   Comment #5
Excuse me. That's Purepoint Financial. Great service and great website. However, rates have fallen considerably since I got in. Now the 13-month guarantee is 1.90%. But we have to park our savings somewhere.

On this Thanksgiving Eve, I am extremely thankful and fortunate to even be discussing this subject! A pure amateur, I did very well in the stock market and mutual funds in the 90s, and also saved as much as possible and contributed money to two retirement plans which are now paying out. But in the end, it's family, and good health, and good friends that's most important. And the good fortune to always have a job. Best wishes fo all.
deplorable 1
deplorable 1   |     |   Comment #6
Same here spender. I'm thankful I have been able to survive and thrive even with all the layoffs and job losses over my short working career. I'm also thankful to be in good health with no medical bills to worry about which helps. There is always something be thankful for. Happy Thanksgiving everyone.
Bat Masterson
Bat Masterson   |     |   Comment #7
Well, it is after all Thanksgiving. So in the spirit of above comments I will give thanks for my Grow Promo MM account. It continues to pay 2.75% APY on my liquid funds, day in and day out. I can add or withdraw money as I wish. Things could be a lot worse, and by the time March first rolls around that money will be tucked away at PSECU paying 3.25% APY. All in all, a happy outcome which surely merits the giving of thanks.
Milty   |     |   Comment #8
Am thankful for Ken's website/blogs and its contributors, without which it is likely I would have renewed a considerable amount at subpar local and Bankrate rates.
Hooked   |     |   Comment #9
Can’t agree more, Milty.

Happy Thanksgiving, Ken/DA and fellow posters.
gregk   |     |   Comment #10
My own fear is that once year-end outflows are no longer a danger, TAB & Heritage Bank may see fit to substantially drop their RCA rates (4.00% & 3.35% respectively) early in 2020 that they've held steady this year over against the Fed's serial reversal.
Heat Mizer
Heat Mizer   |     |   Comment #13
Heritage has already dropped to 3.03% as of 12/2/19.
#14 - This comment has been removed for violating our comment policy.
Deskandchairs   |     |   Comment #12
GM Financial Right Notes - Cautionary tale
I recently opened a Right Notes account. Although they do not disclose this clearly, they only permit one outside financial institution to be linked to the Right Notes account. This applies to both "push" as well as 'pull' ACH transactions. Not the end of the world if you know about the rule in advance, I just had to learn it the hard way. This program is administered by Mellon Bank, so I anticipated more conventional capabilities, but that is not the case.
However, the rate is great for uninsured "investments' with immediate access (through the one designated, linked external institution)

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