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The Top 10 Yielding Savings And MM Accts, June 2025 Edition

ichaelm
  |     |   470 posts since 2010

According to CME, there's a 97% chance that the Fed will leave the EFFR at 4.50% when it meets on 6/18. Dropping off the list this month is Neighbors Bank, which is not currently opening new accts. To make it easier to compare the accts against each other, beginning this month, besides listing the rates I've also included some possible drawbacks of many of them.

Requirements to make the list are as follows:

1-the acct must be available nationally, or in nearly all states.

2-the rate must apply to the entire balance, not just the first $10k or $20k, as with rewards accts. If the rate only applies up to $250k, that's acceptable

3-the minimum balance to receive the rate cannot exceed $100k

4-There are no hoops to jump through to receive the rate, such as DD or debit card usage.

*5.00% Evergreen Wealth (minimum $25k, checking acct required, no direct ACH or wire transfers into/out of the savings acct) https://www.evergreenwealth.com/savings

5.00% OnPath CU MM (minimum $25k, comes with a savings acct, no direct ACH or wire transfers into/out of the MM acct, max. 3 free withdrawals/month) https://www.beonpath.org/spend-save/personal/savings-accounts#money-market

#5.00% Climate First Bank (all of your business's financial transactions must be with Climate First) Business Money Market

4.75% AlumniFi (minimum $100k, rate is updated every Sun.) https://alumnifi.org/rates/

4.65% Roger Bank (up to $250k, checking acct required) https://roger.bank

4.60% Pibank (no ACH transfers; wires only) https://www.pibank.com/

4.56% OMB Bank (minimum opening balance $5k) High Interest Savings Account | OMB Bank

#4.55% Republic Bank of Chicago (Up to $250k, $25 monthly maintenance fee if balance falls below $2,500) Business Digital Money Market Account | Republic Bank of Chicago

4.55% Fitness Bank (up to $250k, minimum 10k or more steps daily) https://www.fitnessbank.fit/

4.54% State Bank of Texas (minimum $100k) Home - State Bank of Texas

*Denotes fintech # Denotes business acct

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13
Jim378
  |     |   28 posts since 2022
OMB Bank charges $25 if account is closed within 90 days of opening
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6
milty
  |     |   1,647 posts since 2018
And OMB posts and compounds its interest quarterly. Also, if account is closed any accrued interest in forfeited.
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7
midas89
  |     |   986 posts since 2017
OMB is like my Aunt Ethel, who will only show interest in her husband quarterly. He complains she will only get physical with him 4 times per year, stating that compounding that bad situation, she also insists it has to be over very quickly or else it is too taxing on her.

At the top of the OMB site, they write that their rate is nearly 10 times the national average. Then further down the page they say it's nearly 12 times the national average. One day perhaps they will make up their mind.
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5
ichaelm
  |     |   470 posts since 2010
I'm surprised that so little has been written about OMB here at DA, considering that 4.56% is a very good rate right now. Ken never wrote a word about the bank and it only has a single review, which was written 3 years ago, and concerned OMB's CDs, not its savings accts.
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1
milty
  |     |   1,647 posts since 2018
Would that be Uncle Fred?
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2
midas89
  |     |   986 posts since 2017
Very disappointing OnPath CU news. The site is now saying Elite Money Market dropped to 4.40% APY. That is way too much of a drop from 5% APY, and the disclosure at the bottom still says balances of $25,000 or more. I think it's safe to assume that this occurred because the Elite MM has been talked about at DA and similar sites, which guaranteed an inundation of new money. The web address to see the 4.40% number: https://www.beonpath.org/elite-money-market
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4
ichaelm
  |     |   470 posts since 2010
The OnPath link that I provided in this article also now shows that the rate has been cut to 4.40%. That's a pretty significant cut, and with the restrictions making it difficult to transfer funds into and out of the acct and the limit of 3 free monthly withdrawals, I don't know why anyone would still want to open an acct with OnPath. I agree with you, Midas89, I think it was DA, DQ. and DoC which caused the rapid rate cut.
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4
midas89
  |     |   986 posts since 2017
Yes, I checked the link you kindly provided in your posting, and saw it now says 4.40%. You are absolutely correct with what you wrote above. And for people that recently opened the Elite MM account to get 5% APY, it will be interesting to see how large the mass exodus might be.
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3
milty
  |     |   1,647 posts since 2018
"I agree with you, Midas89, I think it was DA, DQ. and DoC which caused the rapid rate cut." I don't disagree, having opened and closed more accounts in the last couple months than I wish to admit to, but what else is a rate hunter gonna do? Invest in crypto? However, a few seem to be still holding on against the current . . . hopefully they'll still be there next month. In the meantime, I got a couple more accounts to close.
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4
midas89
  |     |   986 posts since 2017
For anyone who has an external bank where that bank can pull funds out of OnPath same-day, if you are thinking about pulling your money out on June 2nd, read the transition info at https://www.beonpath.org/transition first to see what you think. OnPath is closed on 6/2/25, and no online or mobile access until 6/3/25. ACH pulls are not specifically referenced, which could mean an ACH pull could succeed. But, I'm not sure, of course.
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3
midas89
  |     |   986 posts since 2017
The OnPath digital conversion is now complete. No access to banking was able to be done from Friday about 3pm PT through about Monday about 8pm PT. Logging in is now possible again after Online Banking password is set up again, along with alerts being set up again; and a new mobile app has to be downloaded. It's a new system online, with changes, and they have added a direct account number to the Elite Money Market Account. This means ACH directly to and from Elite MM from your external banks is now possible as of today. Unfortunately, Account Details in Online Banking still do not state the interest rate being paid.
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4
ichaelm
  |     |   470 posts since 2010
Unfortunately, though, it's a moot point. With the rate cut to 4.40% APY, OnPath is no longer in the top 10. You can replace it with Elevault, at 4.60%, with the huge caveat that Elevault's app is unavailable on most computers.                                                         
 Interest Paid Daily - Elevault
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2
midas89
  |     |   986 posts since 2017
@ichaelm I respectfully disagree with you, and will say that its not a moot point at all. There will be people like myself who will keep their existing Elite MM account open, albeit with a small balance, as a just-in-case. There's always a chance that other financial institutions who are currently paying more than what OnPath is paying will reduce their rates to the same or lower.

There are also people with existing accounts who will choose to keep their money in Elite MM in spite of the drop to 4.40% APY. And for these people, notifying that there is now a direct account number for the Elite MM might be helpful.

There are people who only have $25,000 balance in Elite MM. The difference between Roger 4.65% and Elite MM 4.40% is only abut $5 per month interest. There might be people who will say it's not worth the time and hassle of switching for just $5 per month, and they might feel that Roger might have another rate drop this summer.
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3
imkelly
  |     |   6 posts since 2025
That's exactly what I am doing, keeping money in the elite acct since it's still competitive and the difference in amount of interest for my balance is not that big. thanks for pointing out there is an acct number now for elite. I was hoping for this.
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3
deplorable_1
  |     |   2,238 posts since 2020
uggh Looks like OnPath took the wrong trail and got lost in the woods of no reason rate cuts. I was seriously considering that for my next account. Oh well I guess it saves time I'll stick with my current HUB at 4.6% APY then no point in rate chasing now.
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3
xer00
  |     |   146 posts since 2019
what is HUB?
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4
imkelly
  |     |   6 posts since 2025
same question, depoltable_1. what hub bank are you with that is paying 4.6%? thanks very much in advance.
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3
deplorable_1
  |     |   2,238 posts since 2020
A HUB? It's an account where you have all your other accounts linked for ACH transfers. Technically mine is not a Bank but a corporate debt account. DERI(Dominion Energy Reliability Investment) it's not FDIC insured but they won't drop the rate until the FED actually cuts. They also have NO ACH limits per day month etc. and no 6 withdrawal per month limitations either.

My other HUB IS a Bank AllAmerica/Redneck but their rate is lower at 4.15% APY currently lowered from 4.25% APY just recently. Both of these accounts allow unlimited linked accounts for ACH transfers.
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