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Savings Accounts

Times have changed, and the interest earned on savings accounts isn’t what it used to be. But that doesn’t mean you should forget about them altogether! Depositing your hard earned cash into a savings account that makes money remains a trusted way to watch it grow.

Advertiser Disclosure
Institution APY* Min Deposit for APY
Synchrony Bank

FDIC Insured

Advertiser comments
  • Savings products with competitive rates, no required minimum balances, and no monthly fees.
  • Save easy with Synchrony Bank. Our app makes it a snap to bank anywhere; control accounts from your smartphone or tablet.
  • Get more for your money. Visit Synchrony Bank online today to open a High Yield Savings account.
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4.75% APY As of: 9/29/2023 $0.00 Learn more
Pacific Western Bank

FDIC Insured

Advertiser comments
  • This account offers a competitive rate with NO fees
  • $1 minimum opening deposit with no ongoing balance minimums
  • Deposits are insured by the FDIC up to applicable limits
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5.25% APY As of: 9/29/2023 $1.00 Learn more
Quontic Bank

FDIC Insured

Advertiser comments
  • Earn up to 5.00% Annual Percentage Yield with a Quontic Money Market Account
  • No Monthly Maintenance or Overdraft Fees
  • Limit of 6 withdrawals per statement cycle. APY is earned on the account daily balance.
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5.00% APY As of: 9/29/2023 $0.00 Learn more
Quontic Bank

FDIC Insured

Advertiser comments
  • Earn 4.50% 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.
  • Limit of 6 withdrawals per statement cycle APY means Annual Percentage Yield
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4.50% APY As of: 9/29/2023 $100.00 Learn more
Barclays

FDIC Insured

Advertiser comments
  • An award-winning account with great rates, no minimum balances or monthly maintenance fees
  • Secure and easy online account access, and a rate greater than 5X the national average.
  • Online transfers to and from other banks
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4.35% APY As of: 9/29/2023 $0.00 Learn more

FDIC Insured

Advertiser comments
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 0.1% APY $1

FDIC Insured

Advertiser comments
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 0.1% APY $1

FDIC Insured

Advertiser comments
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 0.1% APY $0

* Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.

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What’s the Difference?

Did you know there are two types of bank accounts that can earn you interest? Both traditional savings accounts and money market accounts (MMAs) pay interest, and your funds are insured by the FDIC up to the maximum amount allowed by law. Additionally, both allow you to make as many deposits as you want. However, for both accounts there is a limit of six withdrawals or transfers per statement cycle — a limit set by federal law.

Money Market Account
  • Withdrawals can typically be made with checks or debit cards.
  • Interest rates are sometimes lower with more convenient ways to access funds and make payments through the account.
  • Might be best to use for saving and making related payments like saving for a house, paying for inspections and contracting repairs.
Savings Account
  • Withdrawals must be made via electronic transfer or in person at the bank.
  • Interest rates are sometimes higher with more restrictions on how you access the funds in the account.
  • Might be best to use for emergency funds and saving for future large purchases.