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

ichaelm
  |     |   483 posts since 2010

Gone from the list is Roger Bank, after a very substantial rate cut, along with OMB and OnPath CU. New to the list this month are HUSTL, Evault, and Presidential Bank.

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% HUSTL DCU ($500 min opening deposit) https://hustlfinancial.com/

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

#5.00% Climate First Bank (all of your business's financial transactions must be with Climate First) www.climatefirstbank.com/business/business-money-market

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

4.60% Evault (up to $250k, app unavailable on most computers) https://elevault.app/

4.60% Pibank (no ACH transfers to/from acct) www.pibank.com/

#4.55% Republic Bank of Chicago (up to $250k, $25 monthly maintenance fee if balance falls below $2,500) https://republicebank.com/business-digital-money-marke

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

4.54% State Bank of Texas (minimum $100k) https://statebnk.com/

4.50% Presidential Bank (checking acct required) www.presidential.com/personal/banking/savings/advantage-savings

* Denotes fintech # Denotes business acct

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ichaelm
  |     |   483 posts since 2010
For anyone that missed it, Roger Bank plummeted more than 11% to 4.12%. Not only is that no longer a top 10 rate, I don't think it would even crack the top 20.  

https://roger.bank/
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midas89
  |     |   1,030 posts since 2017
Mass exodus from Roger will most likely commence immediately, of course.
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ichaelm
  |     |   483 posts since 2010
Agreed. 4.12% is barely even competitive against other online banks, plus they require that you also open a checking acct. If I remember right, this acct was first offered in Jan. and paid 5% until sometime in April, when it dropped to 4.65%.
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milty
  |     |   1,691 posts since 2018
A pox on Roger (and likely Hustl and several other houses).

Btw, regarding OMB it seems the 4.56% APY has not changed, at least not as of today.  Per a CSR the rate is still available for new online savings accounts, albeit they are no longer advertising it, and that there is ongoing discussion for lowering the rate.   
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racecar
  |     |   632 posts since 2014
That's the point I made in my post yesterday on HUSTL. Come-ons aren't bad in themselves but almost always (in my experience) lower quickly, and lower below where other good "steady" places are. They're loss leaders meant to bring in new business but not meant to be sustained.

And as everyone knows, when everyone signs up for the come-on and the FI gets a large influx of cash, there's no choice but to lower it quickly. A place could put a max amt or stop new signups to limit the influx of too much cash (and show they care about their current customers more than having an unsustainable come-on to try to drum up as much new business as they can) but most places don't do that.
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sardonia
  |     |   17 posts since 2025
my interest rate at Roger still shows as 4.55% when I log in - home page for new accounts says 4.12% APY. I have messaged them to see if existing accounts still have the high rate, and if the low rate only applies to new accounts.
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midas89
  |     |   1,030 posts since 2017
Existing accounts will suffer the big rate drop from 4.65% APY to 4.12% APY. Expect to see the 4.05% APR reflected tomorrow in your account details.
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IGR
  |     |   584 posts since 2020
Disregard the "Denotes"

Apart from;
Climate First Bank
Republic Bank of Chicago
State Bank of Texas
Presidential Bank

the rest on the list are the Fintechs of some flavor, in a sense that the failure/shutdown of divisions/brands/subsidiaries named is not going to automatically trigger FDIC/NCUA Deposit Coverage.
I am not going to waste my time writing the whitepapers of how coverage works and when it doesn't.
Don't waste your time proving me wrong...ask FDIC/NCUA or take your chances
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vlad
  |     |   294 posts since 2020
The 4.50% APY Presidential Bank advantage-savings needs monthly $500+ direct deposit and 7+ qualifying transactions in the linked reward advantage-checking account.
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Hooked
  |     |   239 posts since 2019
For me, it’s easy to meet these two requirements. Use external bank to ACH $500 monthly to Presidential Advantage-Checking and for the 7 transactions, paying bills from the checking account count. Or, just set up automatic daily withdrawal of $1, for 7 days.
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midas89
  |     |   1,030 posts since 2017
As of this writing, if you go to https://www.evergreenwealth.com/savings there is only a Talk to an Advisor thing to click. There is no direct sign-up online to click anymore at that page that will lead to just getting the savings or checking account.
  

From the site: "You’ll be matched with a dedicated Financial Advisor at Evergreen Wealth. They’ll guide you through a personalized plan that includes investment advice, retirement planning, and high-net-worth wealth management — all with a strong focus on tax efficiency, from reducing capital gains to optimizing your 401k withdrawals."

"If it feels like the right fit, your advisor will walk you through the next steps to open your Evergreen Wealth account.

From there, you’ll begin building a tailored financial strategy — including tax-smart retirement planning, long-term investing strategies, and support with wealth transfer, charitable giving, and tax reduction."
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ichaelm
  |     |   483 posts since 2010
Does anyone have a savings acct with Evergreen or has anyone attempted to open an acct with them? According to its FAQs, the minimum opening deposit is $250k. "This deposit opens your High Yield Checking and Savings accounts." It sounds to me like you can only open a savings acct as part of an investment acct and not as a standalone product. Midas89, would you agree with me on this?
www.evergreenwealth.com/investing?
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midas89
  |     |   1,030 posts since 2017
@ichaelm The problem with Evergreen Wealth is that there is no way to know if they changed their policy this week unless you initiate where they will assign you to an advisor, or call someone there in advance. There has been a report that an existing savings & checking account holder who opened their account when Evergreen did allow direct opening via online where you did not have to be assigned an advisor, etc., had a family member subsequently open a new account after the major change. The second family member was able through the advisor to get a savings acct. opened without the need to have the investment account with $250K money, etc. But we do not know if this was because the first family member was already established, or if everyone can get this, or even if they changed it where if the first family member applied this week, there would be the requirement of the investment account, etc.

In other words, as of this writing, the only way you can get a definitive answer is to either call Evergreen or go through the initial process of submitting your name and contact info, and then ask the advisor who contacts you.
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ichaelm
  |     |   483 posts since 2010
I would never, ever, deposit money in a fintech - there's a very good reason why I put an asterisk next to Evergreen Wealth. Remember what happened to depositors when Synapse went bankrupt last year?

www.independent.co.uk/news/world/americas/synapse-fintech-company-collapse-bankruptcy-b2666029.html

www.nbcnews.com/business/consumer/-no-money-thousands-americans-see-savings-vanish-synapse-fintech-c...
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midas89
  |     |   1,030 posts since 2017
You are quite right. Related to the Synapse mess, FINTECH for them now stands for:

F – Frozen
(Funds were inaccessible or locked up unexpectedly.)

I – Intermediaries
(Too many layers between the user and their money.)

N – Negligence
(Failures in oversight and due diligence.)

T – Trustless
(Loss of faith in platforms claiming to be secure.)

E – Exposure
(Customers were unknowingly exposed to institutional risk.)

C – Chaos
(Confusion and disorder when the system failed.)

H – Held
(Money was held without clear recourse or timelines.)
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midas89
  |     |   1,030 posts since 2017
Regarding Evergreen Wealth: Someone posted the following: "Just spoke with an Evergreen advisor. Their high-yield savings account is no longer being offered as a standalone product. They now only offer a high-yield cash account bundled with their financial advisement services."
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ichaelm
  |     |   483 posts since 2010
@midas89: well, that confirms what we both suspected: Evergreen isn't going to pay its financial advisors to try to sell people its 5% savings accts.
With Evergreen off of the top 10 list, 10th place is now held by Climate First Bank. 4.46% APY on balances of at least $50k but less than $9,999,999. If the bank name sounds familiar, this is the same bank that also offers 5% business MM accts and shares first place on the list with HUSTL DCU.

www.climatefirstbank.com/personal/impact-money-market
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