Below is a list of the top 8 savings account offers available right now, with information on the interest rates offered and any other relevant info about the bank. Note that new account bonus offers are also factored in to our rankings of the best savings accounts:
SoFi Savings & Checking
Savings Account Rate: 2.00 APY if direct deposit set up, otherwise 1.00% APY
Notes: New Customer Bonus of up to $325! (Earn $50-$300 if you set up direct deposit into this combined Savings/Checking account, depending on the direct deposit amount, and another $25 if you are a new SoFi customer. This offer is a referral from ProudMoney; be sure to read the Terms & Conditions so you get all bonuses coming to you.)
No monthly fees, no minimum balance fees.
Ivy Bank High-Yield Savings Account
Savings Account Rate: 2.30% APY
Notes: Requires a $2500 minimum deposit to open account and ongoing $2500 balance to maintain this interest rate.
Bask Bank
Savings Account Rate: 2.20% APY
Notes: No fees, no minimum deposit to open
Bread Savings High-Yield Savings Account
Savings Account Rate: 2.15% APY
Notes: $100 minimum opening balance, no monthly maintenance fees
Marcus by Goldman Sachs
Savings Account Rate: 1.70% APY
Notes: No fees, no minimum deposit to open
Discover Bank Online Savings Account
Savings Account Rate: 1.70% APY
Notes: No fees, no minimum deposit to open
SmartyPig (Sallie Mae Bank)
Savings Account Rate: 1.65% APY
Notes: No monthly maintenance fees.
Alliant Credit Union High-Rate Savings
Savings Account Rate: 1.60% APY
Notes: $100 average daily balance required to earn interest. $10 Inactivity Fee if no deposits/withdrawals for a year. (See other potential fees.) Must join Alliant Credit Union (if not already a member).
* Rates change often; please see individual bank websites to confirm rate posted here.