ADVERTISING DISCLOSURE
ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

June 2023: Best Savings Accounts from Our Partners

A savings account is a type of bank accounts that allows you to keep your money in a safe place while it earns a small amount of interest. Money in a savings account is safe from risk of losing it, FDIC-insured, and protected from inflation. You may want to open a savings account if you tend keeping money that you don't plan to spend now. It actually helps you to save money as you are not tempted to spend more. Whether your goal is to set an emergency fund, keep money safe, or build up money for future plans, you can do it by opening a savings account.

Show more

our choice

APY
2.00% Annual Percentage Yield (APY)4 — 10x5 the national average!
Monthly Fee
No
Minimum Balance to earn APY
No minimum balance requirements
Minimum Deposit
No
  • No Monthly Fees
  • Set up Direct Deposit and get your paycheck up to 2 days earlier^ than some of your co-workers!
  • Grow your savings automatically
  • Signing up takes 2 minutes!
  • Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
  • ^Early access to direct deposit funds depends on payer.
  • 4The Annual Percentage Yield (“APY”) is variable and may change at any time. The disclosed APY is accurate as of May 22, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
  • 5The average national savings account interest rate of 0.21% is determined by FDIC as of November 17, 2022 based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Visit National Rates and Rate Caps to learn more.

our choice

APY
4.56%*
Monthly Fee
$0
Minimum Balance to earn APY
$1000
Minimum Deposit
$0
  • Earn 4.56% APY, on $1,000 or more*
  • No account fees, overdraft fees, or transfer fees**
  • FDIC Insured through Cross River Bank***
  • Online transfers to and from other banks

our choice

APY
4.00%
Monthly Fee
$0
Minimum Balance to earn APY
$0.01
Minimum Deposit
$0
  • 4.00% APY
  • Open account online in minutes
  • Human-powered support
  • FDIC insured up to $250,000
  • No online banking or monthly maintenance fees
  • Available to people nationwide

our choice

APY
4.50%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 4.50% APY certificate, 2.7X6 higher than national average.
Apply for Valley Bank High Yield Savings Account - Credit-Land.com

Rating 4.8

APPLY NOW

This offer is not available in Alabama, Florida, New Jersey, New York.

our choice

APY
4.50%
Monthly Fee
No
Minimum Balance to earn APY
No minimum balance is required
Minimum Deposit
$1
  • Enjoy 4.50% APY with our High Yield Savings Account
  • Earn more than 11x the national average *
  • 24/7 online and mobile access
  • Only $1 minimum deposit to open
  • FDIC insured up to $250K

our choice

APY
4.75%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.
  • Not-for-profit with a commitment to service and innovation.
  • SaveBetter recommends: 4.75% APY high-yield product.

our choice

APY
Up to 3.02%
Monthly Fee
$0 or $15 per month if not enrolled in electronic statements
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1,000
  • The Jumbo Deposit Account is an interest-bearing personal account with flexible options to ensure deposits up to $7 million can be fully FDIC insured
  • No checks or debit cards are available with this account
  • No maturity date, no early withdrawal penalty
  • You are allowed six (6) withdrawals, of any type, per month
  • Unlimited incoming domestic wires at no charge

our choice

APY
4.80%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.80% APY 15 month share certificate, 2.9x6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
2.7% (Average APY)
Monthly Fee
No
Minimum Balance to earn APY
See terms
Minimum Deposit
See terms
  • Save with 2.70% average APY
  • No monthly fees or processing fees
  • Mobile check deposit
  • Open an account in 2 minutes
  • FDIC insured

our choice

APY
4.00%
Monthly Fee
$0
Minimum Balance to earn APY
$0.01
Minimum Deposit
$0
  • 4.00% APY – one of the best rates for business savings in the country
  • No online banking or monthly maintenance fees
  • No minimum balance requirements
  • Open account online in minutes
  • Human-powered support
  • Available to businesses nationwide
  • FDIC insured up to $250,000

our choice

APY
4.65%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.65% APY 24 month certificate, 2.4X6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
3.00%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 3.00% APY certificate, 1.6X6 higher than national average.

our choice

APY
3.66%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 3.66% APY 18 month certificate, 1.9X6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
4.75%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.75% APY no-penalty CD, 3.2x6 higher than national average.
  • FDIC insured. No fees. $1 minimum deposit.
  • Putting educational and financial success within reach for more than 50 years.
Apply for GO2bank - Credit-Land.com

Rating 4.5

APPLY NOW

our choice

APY
4.50%
Monthly Fee
No monthly fees with eligible direct deposit, otherwise $5 per month
Minimum Balance to earn APY
See terms
Minimum Deposit
No minimum balance required to open an account online
  • The Ultimate Mobile Bank Account.
  • Get your government benefits up to 4 days early. Plus, direct deposit unlocks exclusive perks!
  • Get your pay up to 2 days early with eligible direct deposit.
  • No monthly fees with eligible direct deposit, otherwise $5 per month.
  • No hidden fees.
  • No minimum balance to open an account online.
  • Fees, terms and conditions apply. Learn more at www.go2bank.com.

our choice

APY
4.90%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.90% APY Money Market Deposit Account, 9.2x6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
4.50%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.50% APY 12 month certificate, 2.7X6 higher than national average.
  • Federally insured by NCUA. No fees. $1 minimum to open.
  • 24/7 online access to funds.

our choice

APY
3.10%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 3.10% APY high-yield CD, 2.4X6 higher than national average.
  • Deposits are FDIC insured through Liberty Savings Bank.
  • No fees. $1 minimum deposit.
  • 24/7 online access to funds.

our choice

APY
4.20%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 4.20% APY certificate, 2.5X6 higher than national average.

our choice

APY
4.55%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.55% APY Money Market Deposit Account, 9.5x6 times the national average.
  • No fees. $1 minimum deposit. 24/7 online access to funds.
  • Lemmata gives back through charitable donations when you save.
  • Deposits are FDIC insured through California Bank of Commerce.

our choice

APY
5.15%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 5.15% APY* high-yield CD, 3.2X6 higher than national average.
  • FDIC insured. No fees.
  • Financial solutions to help you do more of what you love.

our choice

APY
5.02%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 5.02% APY* high-yield MMDA, 8.8x6 higher than national average.
  • FDIC insured. No fees.
  • Financial solutions to help you do more of what you love.

our choice

APY
4.70%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.70% APY no-penalty CD, 3.2x6 higher than national average.
  • FDIC insured. No fees. $1 minimum deposit.
  • Putting educational and financial success within reach for more than 50 years.

our choice

APY
3.75%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • Federally insured by NCUA.
  • Start saving with as little as $1 minimum deposit.
  • 24/7 online access.
  • 3.75% APY high-yield MMDA, 9.4X6 higher than national average.

our choice

APY
4.20%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.20% APY high-yield savings account, 12.7X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.

our choice

APY
4.70%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.70% APY high-yield MMDA, 8.7x6 higher than national average.
  • Deposits are FDIC insured through Liberty Savings Bank.
  • No fees. $1 minimum deposit.
  • 24/7 online access to funds.

our choice

APY
2.90%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 2.90% APY high-yield CD, 2.3X6 higher than national average.
  • Deposits are FDIC insured through Liberty Savings Bank.
  • No fees. $1 minimum deposit.
  • 24/7 online access to funds.

our choice

APY
Up to 4.45%
Monthly Fee
$0
Minimum Balance to earn APY
$500
Minimum Deposit
$500
  • Open an account online in just 3 minutes
  • Minimum of $500 required to open.

our choice

APY
4.60%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 4.60% APY* high-yield savings account, 12.4x6 higher than national average.
  • FDIC insured. No fees.
  • A history of serving communities across America.

our choice

APY
1.21%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 1.21% APY high-yield CD, 0.9X6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
3.50%
Monthly Fee
$0
Minimum Balance to earn APY
$1
Minimum Deposit
$100
  • Earn 3.50% APY with a Quontic High Yield Savings Account
  • Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
  • Open an account online in just 3 minutes
  • Interest is compounded daily and credited to your account every month

our choice

APY
1.31%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 1.31% APY high-yield CD, 1.0X6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
3.50%
Monthly Fee
$0
Minimum Balance to earn APY
$1
Minimum Deposit
$100
  • Earn 3.50% Annual Percentage Yield with a Quontic Money Market Account
  • No Monthly Maintenance or Overdraft Fees
  • $100 minimum deposit required to open an account

our choice

APY
4.10%
Monthly Fee
No
Minimum Balance to earn APY
See Terms
Minimum Deposit
$1,000
  • Minimum $1,000 deposit
  • FDIC insured up to $250,000
  • Security and Flexibilty
  • No Penalty for early withdraw
  • Daily compounding interest
  • No monthly maintenance fees

our choice

APY
3.50%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 3.50% APY high-yield CD, 2.7X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.

our choice

APY
4.05%
Monthly Fee
$0
Minimum Balance to earn APY
See terms
Minimum Deposit
$100
  • Boosting your savings. Earn 4.05% APY7
  • Earn over 12x the national average with a Savings Connect account6
  • Minimum deposit of $100 in both Savings and eChecking accounts to open
  • Flat Rate
  • No account opening or maintenance fees
  • Free online banking with Bill Pay, Zelle, Samsung Pay and Apple Pay
  • Use any U.S. ATM to access funds. No CIT fees on ATM transactions and up to $30 per month reimbursement to offset other bank’s charges
  • Daily compounding interest

our choice

APY
5.10%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 5.10% APY high-yield CD, 21.3x6 higher than national average.
  • FDIC insured. No fees.
  • Bank with purpose: your deposit helps us keep investing in underserved communities hard hit by the Covid crisis.

our choice

APY
3.00%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 3.00% high-yield CD, 3.7X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.

our choice

APY
Up to 0.61%
Monthly Fee
No
Minimum Balance to earn APY
No
Minimum Deposit
$250 minimum balance to open an account
  • No monthly maintenance fees
  • No minimum balance requirements
  • $250 minimum opening deposit
  • Free Incoming Wires
  • Zero Minimum Balance Requirement

our choice

APY
3.00%
Monthly Fee
No
Minimum Balance to earn APY
$0.01
Minimum Deposit
$1
  • 3.00% high-yield CD, 5.3X6 higher than national average.
  • FDIC insured. No fees.
  • Locally-owned independent community bank.

our choice

APY
1.55%
Monthly Fee
No
Minimum Balance to earn APY
No minimum monthly balance
Minimum Deposit
$100
  • Minimum deposit of $100 to open
  • No account opening or maintenance fees
  • Daily compounding interest
  • Free online banking with Bill Pay
  • FDIC insured

our choice

APY
Earn up to 1.00% APY
Monthly Fee
See terms
Minimum Balance to earn APY
$25,000
Minimum Deposit
$100
  • Minimum deposit of $100 to open
  • Multi-tiered account.
  • Monthly $100 deposit requirement or $25K min balance for highest APY
  • No account opening or maintenance fees
  • Daily compounding interest
  • FDIC insured

our choice

APY
See terms
Monthly Fee
No
Minimum Balance to earn APY
See terms
Minimum Deposit
$1,000
  • Competitive rates
  • Terms up to 5 years
  • Low minimum opening deposit
  • Daily compounding interest
  • No monthly maintenance fees
  • FDIC insured
Apply for Online Savings - Credit-Land.com

Rating 4.5

APPLY NOW

This offer is only available in AZ, CA, CO, FL, GA, KS, MD, MO, NC, NM, OK, OR, SC, TN, TX, VA, WA, WV, WI.

our choice

APY
Earn 0.03% APY
Monthly Fee
No
Minimum Balance to earn APY
No
Minimum Deposit
$50
  • No monthly fees
  • No minimum balance
  • Open with as little as $50
  • Interest is compounded daily
  • 2 Free withdrawals or transfers per month. $3 for each thereafter.
  • You can link your Online Savings to your First Citizens checking account for overdraft protection (a $12 transfer fee applies if you link your savings to your checking account and overdraft)
  • Free digital banking with mobile app so you can monitor your account
  • No-fee channel access: You can access your account digitally, but also at branch or ATM at no charge.
SHOW MORE CARDS

questionsABOUT
SAVINGS ACCOUNTS

What is the best credit card for rewards?

If it is your first rewards credit card, we would recommend applying for a no annual fee credit card with a fixed cash back rate on all purchases, without any changing categories and enrolments. Cash back rewards are...

Read more
How to get the best credit card?

With the credit card issuers coming up with newer plans and strategies every passing day, there is no dearth of good deals in the market today. But not all deals are suitable for all customers. There are many factors...

Read more
Which credit card to apply for?

Choosing a credit card is true art - and at the same time it's a piece of cake. To decide which credit card to apply for, you need some analytical skills, some calculations and some simplest input data to perform the...

Read more
See all questions

NOT SURE WHICH CARD
TO CHOOSE?

Ask our Experts and get free advice to your email!

ASK QUESTION

should you OPEN A
SAVINGS ACCOUNT?

Having a savings account as a part of your finances helps to build up funds to cover as planned as unexpected expenses in the future. It will give you financial stability, plus you will earn some interest on your deposit.

1. A savings account is a bank account where you can store your money and earn interest on it. This type of bank accounts is insured by the FDIC. That means you won't lose your money if your bank fails.

2. Savings accounts are inexpensive and easy to use. You will need a small amount, around 25 dollars, to open an account. Some banks do not require any opening deposit. As for the fees, you can avoid most of them as long as you're avoiding withdrawals from your savings account. Monthly fees are often waived if a minimum balance is maintained.

3. Many savings accounts come with interest rates (APY) that will help you to accumulate a little more cash over time. The average interest rate on savings accounts is 0.09% APY. However, many banks offer savings accounts with rates well above that average - up to 2.00% APY. Online institutions tend to offer higher interest rates than brick-and-mortar banks. So, it is worth shopping around for the best deals when you are after a savings account.

Checking Account vs. Savings Account

You may already have a checking account and may think that having a savings account is unnecessary. However, you can actually benefit from having both types of accounts.

Checking accounts are convenient for everyday spending, bill payments, and direct deposits, but they are terrible places to save. First of all, you have unlimited access to your money and can spend them quickly. Secondly, money in a checking account rarely earn interest. And to top it all, checking accounts are ripe targets for thieves.

Savings accounts are good for long-term investment. They are not good for everyday transactions as there is a limit to how many transactions you can perform a month and the transactions themselves can be costly. Consider savings account as an investment in your financial stability or as an emergency fund. Plus, if you are expecting a big-ticket purchase in the future, it will be easier to save money using a savings account, than a checking account. Another good feature of savings accounts is APY. You are actually paid interest on the money you have in your savings account.

Show more

commentsABOUT
SAVINGS ACCOUNTS🜂

must read FEATURED NEWS
AND RELATED RESEARCH

News: Activate Discover 5% Cashback Bonus Categories for Q3 2023 - Credit-Land.com
Jun 2, 2023

Activate Discover 5% Cashback Bonus Categories for Q3 2023

If you have a Discover it card with 5% Cashback Bonus, you can now activate...

What Does a Negative Balance on a Credit Card Mean?

What Does a Negative Balance on a Credit Card Mean?

It is possible to have a negative balance on a credit card, which has probably happened to you once...

EXPLORE
MORE CREDIT CARDS BY CATEGORIES

Cash Back
Travel
Balance Transfer
Low Interest
Fair Credit

WHAT IS YOUR QUESTION?

Please enter your question and contact information so that we could send our answer to you by e-mail. Note: Please do not include personal information such as your SSN#, credit or debit account numbers.

EXTRA QUESTIONS TO DESCRIBE YOUR SITUATION IN MORE DETAILS:

* - required fields

By submitting your question, you agree to the following:*

Here at Credit-Land.com we will answer all questions to the best of our knowledge and understanding, but we are not legally accredited professionals. We assume no liability for actions resulting from our advice and cannot guarantee the accuracy of information in all cases. Please seek appropriate professional or legal advice when needed.

Questions submitted to Credit-Land.com may be posted to our website with your first name, and may be edited for length and clarity. Please do not submit your Social Security number, credit or debit card number, or bank account number to us - though we will never share your name or email with anyone, sensitive information should never be posted to an FAQ form. We are not a bank or a credit card issuer, and we do not have access to your account information.

Thank You, Your Question Has Been Successfully Sent!
YOU'VE SUCCESSFULLY SUBSCRIBED!
PLEASE SPECIFY THE FOLLOWING:
All these fields are optional
your credit history
Excellent (750-850)
Good (700-749)
Fair (640-699)
Bad (350-639)
No Credit History
OR ENTER YOUR EXACT CREDIT SCORE
THEMES YOU ARE INTERESTED IN:
Traveling with Credit Cards: how to Save and Earn Rewards
How to Take Advantage of Credit Card Rewards
Credit Cards for Building Credit
Business Credit Card Offers
How to Save with Balance Transfer Credit Cards
Special Credit Card Offers for Students
Credit Cards with Low Interest Rates
Benefits of Credit Cards with No Annual Fee
Best Credit Card Offers with 0% Intro APR
By providing this information you help us make our news letters more useful and informative. Thank you!