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Best Bank Account Interest Rates - Summary For December 10, 2019


Rate cuts on the top savings and money market accounts are still widespread. However, the number of rate cuts has gone down from two weeks ago. If the Fed holds rates steady tomorrow, the number of rate cuts should keep trending down, and within a month or two, the widespread cuts should come to an end.

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

  • FitnessBank Savings (-30 bps to 2.30%)
  • SFGI Direct Savings (-20 bps to 2.07%)
  • TotalDirectBank Money Market (-19 bps to 2.06%)
  • Vio Bank Savings (-5 bps to 2.02%)
  • My eBanc eRelationship Savings (- 5 bps to 2.00%, $100k min)
  • Prime Alliance Bank Personal Savings (-26 bps to 1.96%, $10k min)
  • BMO Harris Bank Platinum Money Market (-10 bps to 1.95%, $5k min)
  • Northpointe Bank Ultimate Savings (-10 bps to 1.95%, $25k min)
  • PNC Bank High Yield Savings (-10 bps to 1.90%)
  • MySavingsDirect MySavings (-10 bps to 1.90%)
  • TIAA Bank Yield Pledge Money Market - 1yr intro (-15 bps to 1.85%)
  • Envision Bank Savvy Savings (-21 bps to 1.80%)
  • Barclays Online Savings (-10 bps to 1.70%)
  • Alliant Credit Union High-Rate Savings (-5 bps to 1.65%)

The rate leader had a big rate cut in December. FitnessBank lowered the rate of its savings account by 30 bps to 2.30% APY. This rate requires that the customer average 12,500 steps per day for the month as measured by a step tracker app. The rate falls to 2.00% 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 2.30%. That may increase the odds of FitnessBank maintaining the rate lead status. The current rate is now 70 bps below its peak of 3.00% APY that was in effect from July through August of this year. We’ll see how long they’ll be able to maintain 2.30% APY.

FitnessBank savings account rate is now tied with the Online Money Market rate at CFG Community Bank. Unlike FitnessBank, CFG Community Bank does not have activity requirements for its money market account. However, it does require a minimum balance of $25k to qualify for the 2.30% APY. The rate falls to 2.15% APY for balances between $1k and $25k. The CFG Community Bank Money Market Account 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.

SFGI Direct had a brief period of being the rate leader for accounts without activity requirements and without any large balance requirements. That ended last Friday when the rate fell 20 bps to 2.07% APY. This is the first time SFGI Direct has cut the rate of this savings account since the rate reached 2.27% APY in January. This account has a long history of remaining competitive that dates back to 2009. The new rate is still very competitive when compared to the well-established online savings accounts.

State Bank of India Chicago’s savings account is now the rate leader for accounts without activity requirements and without any large balance requirements. This has a rate of 2.25% APY for all balances, but there’s a $500 minimum opening deposit and a $500 minimum to avoid a quarterly fee. This rate has been in effect since May. DA first started to track this account in 2014 when the rate was 0.85%. There have only been three rate changes to this account: 1) an increase to 0.90% in 2015, 2) an increase to 1.60% APY in April 2018, and 3) an increase to 2.25% APY in May 2019.

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 five accounts with rate guarantees that are worth mentioning. One was recently added.

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. In December, the new-customer rate fell from 2.00% to 1.85% APY for balances up to $250k. This is 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 1.01% for under $10k to 1.70% for over $100k.

The fifth rate guarantee is the new one. It's the Xclusive Money Market account from Xceed Financial Credit Union. This is a tiered rate account with a top rate of 2.00% APY for balances of $50k+. The rate is guaranteed to last through June 30, 2020.

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. I’m happy to report that there have been no rate cuts since my last liquid account summary. The highest rate continues to be 2.00% APY for the 11-month Flex Time Deposit with $100k minimum deposit. The rate drops to 1.90% APY for a $10k minimum deposit. This is tied with CDs at three other banks. The best deal out of these four is the 13-month No-Penalty CD at PurePoint Financial.

  • 2.00% APY 11-month Flex Time Deposit ($100k min) - M.Y. eBanc
  • 1.90% APY 11-month Flex Time Deposit ($10k 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
  • 1.75% APY 14-month No-Penalty CD ($10k min) - PurePoint Financial
  • 1.73% APY 11-month No Penalty CD ($5k min) - Colorado Federal Savings Bank
  • 1.70% APY 11-month No-Penalty CD ($500 min) - Goldman Sachs Bank USA
  • 1.70% APY 11-month No Penalty CD ($5k min) - Ally Bank
  • 1.65% APY 13-month No-Penalty CD ($500 min) - Goldman Sachs Bank USA
  • 1.65% APY 11-month No Penalty CD (no min) - Ally Bank
  • 1.65% APY 11-month No-Penalty CD ($10k min) - PurePoint Financial

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 4 bps in the last two weeks, falling from 1.75% to 1.71%. Fidelity Money Market Fund 7-day yield fell 1 bp in the last two weeks, falling from 1.51% to 1.50%.

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 2 bps to 1.03%. Fidelity’s 7-day yield remained the same at 0.80%.

Reward Checking Accounts

In the last two weeks, only one nationally-available reward checking account had a rate cut.

Heritage Bank lowered the top rate of its eCentive Account from 3.33% to 3.03% APY in December. This top rate applies to balances up to $25k, which is the same as before.

Two additional rate cuts will take place on December 21st. All America Bank and its online division Redneck Bank announced that the top rate of their Rewards Checking accounts will be falling from 2.50% to 2.25% APY for balances up to $10k. Just last month, the top rate fell from 2.75% to 2.50% APY on these accounts.

Overall, reward checking accounts continue to buck the trend of falling rates. I wouldn’t be surprised if we keep seeing a few rate cuts and balance cap cuts as banks and credit unions slowly respond to the last three Fed rate cuts. 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.

Navy Federal Credit Union has just started to offer a 37-month IRA CD special with a 3.00% APY. This only applies to IRA and ESA CDs. There’s a $50 minimum balance and a $150,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Thanks to DA member, CapitalClimate, who posted on this Special in the DA Forum. I’ll have a blog post soon on this Special.

For non-IRA CDs that are nationally available, there are only three credit unions that are offering CDs with yields of at least 3%.

The first one is Andrews Federal Credit Union, which continues to offer a 3.05% APY on its special 7-year CD. Its 3-month CD special (3% APY) ended last week. 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 5-year CD (3.03% APY) at the Maryland-based Lafayette Federal Credit Union. It’s also offering a competitive 3-year CD (2.52% APY) and 4-year CD (2.78% APY). These rates have been available since July, but it was just learned that people in any state can join the credit union by joining the Home Ownership Financial Literacy Council (one-time $10 fee).

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 December 10, 2019

Checking/Savings/Money Market Accounts:

  • Noteworthy Accounts Available Nationwide:
CFG Community Bank2.30% ($25k min), 2.15% ($1k)High Yield Money Market Account - Account review
FitnessBank2.30% (requires using step tracker app and averaging 12.5k steps/daily) Fitness Savings Account - Account review
Customers Bank2.25% ($25k min)Ascent Money Market Savings (rate guarantee through 6/30/2020 - 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
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
Simple2.15% ($10k), 2.02% (up to $10k)Protected Goal Account (NTS*)
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
SFGI Direct2.07%SGFI Direct Savings Account - Account review
TotalDirectBank2.06% ($5k min)Direct Money Market Deposit Account (not available in CA or FL) - 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
Vio Bank2.02% Online High Yield Savings - Account review
Virtual Bank2.01% eMoney Market Special - 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
BankUnitedDirect2.00%Online Money Market - Account review
All America Bank2.00% (up to $50k), 0.50% ($50k+)Mega Money Market Account (effective 12/21/19, rate will be 1.75%) - Account review
Redneck Bank2.00% (up to $50k), 0.50% ($50k+)Mega Money Market Account (effective 12/21/19, rate will be 1.75%)
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
Xceed Financial Credit Union2.00% ($50k), 1.50% ($25k), 0.25% (up to $25k) Xclusive Money Market (NTS*) - Account review
My eBanc2.00% ($100k), 1.90% ($25k)eRelationship Savings Account (CD required) - Account review
NASB1.97% ($50k-$5m) High Rate Savings - Account review
Prime Alliance Bank1.96% ($10k+) 1.86% ($1+)Personal Savings - Account review (NTS*)
WebBank1.95% ($1k min)High Yield Savings - Account review
BMO Harris Bank1.95% ($5k)Platinum Money Market (excludes AZ, FL, IL, IN, KS, MN, MO and WI - Account review
Customers Bank1.95% ($25k min)High-Yield Savings Account - Account review
Northpointe Bank1.95% ($25k+), 1.12% (below $25k and $1m+)Ultimate Savings - 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
PNC Bank1.90% Online High Yield Savings (not available in all states) - Account review
MySavingsDirect1.90%MySavings Account - 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
TIAA Bank1.85% (1yr intro rate), 1.70% ($250k+) 1.55% ($50k+) ongoing ratesYield Pledge Money Market - 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
Synchrony Bank1.80%High Yield Savings - Account review
Envision Bank1.80% ($10 min)Savvy 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
Barclays1.70%Online Savings - Account review
PenFed Credit Union1.70% (up to $250k)Premium Online Savings
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
Alliant Credit Union1.65% ($100 min)High-Rate Savings - Account review
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

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
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
Heritage Bank3.03% (up to $25k), 0.15% ($25k+)eCentive Account
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 (effective 12/21/19, rate will be 2.25% up to $10k)
Redneck Bank2.50% (up to $10k), 0.50% ($10k+)Redneck Rewards Checking (effective 12/21/19, rate will be 2.25% up to $10k)
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 Union1.00% ($30k-$75k), 0.75% (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)
Wealthfront1.82% Cash Account Cash Management Account
Vanguard Prime Money Market Fund1.71% 7-day yield
SoFi1.60% SoFi Money Cash Management Account
Fidelity Money Market Fund1.50% 7-day yield
Vanguard Municipal Money Market Fund1.03% 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

Betterment1.85% Everyday Savings (promo rate) Cash Management Account
MidFirst Direct1.25%High Yield Online Savings - Account review

Related Pages: savings accounts, money market accounts, reward checking accounts, 1-year CD rates, nationwide deals, Internet banks
Predatory Depositor
Predatory Depositor   |     |   Comment #1
Navy FCU is offering a good interest rate on their 37 month IRA @ 3%, and once your deposit hits NF it starts earning interest. It may take 7/10 days for the account to post however.
Sven The Barbarian
Sven The Barbarian   |     |   Comment #2
The other good thing about this Navy IRA CD is that it is an add-on with a deposit cap of $150K.
#3 - This comment has been removed for violating our comment policy.
111   |     |   Comment #4
This is basically the same IRA add-on deal that many of us got from Navy CU several months ago, except with a 3.75% instead of a 3.00% rate. I suppose it's an OK deal, based on current rates. This post served as a reminder that I probably need to finish filling up the $150K limit on Navy's 3.75 add-on CD.
Nothing   |     |   Comment #5
This would provide a safe harbor for several months to park IRA funds after the 3.75 comes due provided you open it in January. Otherwise one is at the mercy of the current rate environment when the 3.75 comes due
Robb   |     |   Comment #6
Been debating whether or not to open the 3% deal for what turns out to be about 3 months after the 3.75% deal comes due. Only requires a $50 minimum.
Predatory Depositor
Predatory Depositor   |     |   Comment #7
I opened a 3.75% NFCU IRA earlier in the year and received an additional $50 bonus for opening a new saving and IRA. It was not offered on the Navy website but when I asked about it I received it. The offer was posted on another site with no expiration date. Worth looking into.
Predatory Depositor
Predatory Depositor   |     |   Comment #8
Looks like the NBD deal is dead. Unless there is a new deal I am unaware of, according to the current rate tables the MMA is going from 2.5% to 0.15% after 12/31 at least for balances $250k.

Note to those who have this deal. Might want to consider closing your account before 12/31 since the rules for the regular MMA (which is what I assume this account will revert to after 12/31) say there is a maintenance fee if your balance falls below $1,000. I assume that will apply starting in January, 2020.
uu34s   |     |   Comment #9
What is "NBD"?
blazer9   |     |   Comment #14
I think it is Northern Bank Direct
Predatory Depositor
Predatory Depositor   |     |   Comment #15
Correct #14. I responded to #9 but it was deleted.
#10 - This comment has been removed for violating our comment policy.
#16 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #13
I can't believe that Redneck is dropping their rate down to 1.75% even though the FED has paused and they have a cap. Must be new management over there. I still like them for a hub account but they are no longer competitive for liquid cash with several accounts still paying 2.25%. On the plus side GM right notes has been holding up well.
#17 - This comment has been removed for violating our comment policy.
midas89   |     |   Comment #18
CFG dropped to 2.25% APY ($25,000 minimum balance).
Milty   |     |   Comment #19
Knock on wood, First Foundation Bank's online savings account rate is still 2.40% for those who got in in time. Hard to believe it will stay that way for much longer . . . .
ichaelm   |     |   Comment #20
BrioDirect has reduced its rate (for the 3rd time in 2 months!) from 2.20% to 2.10%
CdBob   |     |   Comment #21
I called today and they opened this 3% 37 month traditional IRA CD, and funded it with all the earned interest from another traditional IRA CD that I have with them at a lower rate. Nice!
Navy has been the best over the years that I have dealt with them!

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