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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FitnessBankFitness Savings (12,500+ Steps)
Popular DirectPopular Direct Ultimate Savings Account78 Reviews
Vio BankHigh Yield Online Savings Account35 Reviews
BrioDirectHigh-Yield Savings1 Review
TAB BankHigh Yield Savings11 Reviews
Customers BankHigh-Yield Savings Account21 Reviews
MySavingsDirectMySavings Account46 Reviews
CitiCiti Accelerate Savings117 Reviews
Comenity DirectHigh-Yield Savings Account12 Reviews
SFGI DirectSFGI Direct Savings Account12 Reviews
Northfield BankOnline Platinum Savings - New Money5 Reviews
State Bank of India (IL)Savings Account - US Based Consumer3 Reviews
Banesco USABanesGrow Savings Account4 Reviews
CIBC USACIBC Agility Savings - Online Only18 Reviews
Rising BankHigh Yield Savings Account9 Reviews
HSBC DirectHSBC Direct Savings3 Reviews
Citizens AccessOnline Savings Account21 Reviews
Bank7High Rate Online Savings5 Reviews
Synchrony BankHigh Yield Savings314 Reviews
UFB DirectUFB High Yield Savings58 Reviews
USALLIANCE FinancialHigh Dividend Savings48 Reviews
FNBO DirectOnline Savings20 Reviews
Radius BankRadius High-Yield Savings46 Reviews
Hanscom FCUHigher-Yield Savings6 Reviews
Sallie Mae BankHigh-Yield Savings65 Reviews
PenFed Credit UnionPremium Online Savings151 Reviews

Displaying 1-40 of 210 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 APY (Annual Percentage Yield) 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.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers 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 [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.