Featured Savings Rates
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Compare Savings Account Rates

Interest rates on savings accounts vary greatly. That is why we check rates daily at more than 5,000 U.S. banks and credit unions…so that it is easy for you to find the best savings account rate.

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205 Results

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Incredible BankIncredible Savings25 Reviews
DollarSavingsDirectDollar Savings Account16 Reviews
Salem Five DirecteOne Savings - New Money Only23 Reviews
Popular DirectPopular Direct Plus Savings Account
SFGI DirectSFGI Direct Savings Account9 Reviews
CIT BankPremier High Yield Savings182 Reviews
Goldman Sachs Bank USAHigh-yield Online Savings Account75 Reviews
ableBankingMoney Market Savings4 Reviews
BarclaysOnline Savings Account172 Reviews
Radius BankRadius High-Yield Savings26 Reviews
UFB DirectUFB Premium Savings47 Reviews
CIBC USACIBC Palladian Savings Account Promo Rate15 Reviews
Hanscom FCUHigher-Yield Savings4 Reviews
FNBO DirectOnline Savings14 Reviews
SmartyPigSmartyPig Savings20 Reviews
Bank of Internet USASmart Savings Account50 Reviews
Capital One360 Savings Account329 Reviews
Sallie Mae BankHigh-Yield Savings47 Reviews
MySavingsDirectMySavings Account36 Reviews
Amboy DirectPersonal eSavings Account4 Reviews
Community Bank of Pleasant HillPremier Money Management Account4 Reviews
Community Bank of RaymorePremier Money Management Account
EBSB DirectHigh Yield Savings Account2 Reviews

Displaying 1-40 of 205 Results

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.

Savings Account Rate History – Average APY (%) Rate Trend over Time

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.

The rates and promotions displayed are gathered from various financial institutions and may not reflect all of the products available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate data or to request rates or promotions be included in this chart. We are not affiliated with the financial institutions listed here.

* The APY shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.