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Online Savings & Money Market Account Rates

If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

December 19, 2014
Savings Account National Average Rate: 0.13% ?
Online Banks APY Vs. Nat'l Av. Min Bal
GE Capital Bank 1.05% 8.40x $0 +Learn More
Sponsor message: Competitive rates. Member FDIC. No minimum deposit. Open Now!
Synchrony Bank 1.00% 8.00x $0 +Learn More
Sponsor message: Bank was formerly GE Capital Retail Bank. FDIC Insured.
CIT Bank 1.00% 8.00x $25,000 +Learn More
Sponsor message: Great rates, low requirements, daily earnings. FDIC Insured.
Ally Bank 0.99% 7.92x $0 +Learn More
Sponsor message: "Best Online Bank", Money® magazine 2011, 2012 & 2013
My Savings Direct 1.05% 8.40x $1
Salem Five Direct 1.00% 8.00x $0
Barclays Bank Delaware 1.00% 8.00x $0
ableBanking 1.00% 8.00x $1,000
Incredible Bank 0.95% 7.60x $2,500
Discover Bank 0.90% 7.20x $0
Sallie Mae Bank 0.90% 7.20x $0
Bank5 Connect 0.90% 7.20x $10
iGobanking.com 0.90% 7.20x $100,000
American Express Bank, FSB 0.85% 6.80x $0
Colorado Federal Savings Bank 0.85% 6.80x $2,500
First Trade Union Bank 0.85% 6.80x $2,500
Mutual of Omaha Bank 0.85% 6.80x $5,000
Amtrust Direct 0.80% 6.40x $5,000
Virtualbank 0.78% 6.24x $100,000
Capital One 360 0.75% 6.00x $0
FNBO Direct 0.75% 6.00x $1
Bank of Internet 0.75% 6.00x $100
Clear Sky Accounts 0.70% 5.60x $1
New Dominion Direct 0.70% 5.60x $50,000
Amboy Direct 0.65% 5.20x $3,000
EverBank 0.61% 4.88x $1,500
Savings Square 0.55% 4.40x $1
Zions Bank 0.50% 4.00x $2,500
OneWest Bank 0.50% 4.00x $100,000
E-Loan 0.40% 3.20x $100,000
Nationwide Bank 0.35% 2.80x $1
CNB Bank Direct 0.26% 2.08x $1
BAC Florida Bank 0.25% 2.00x $100
AirBanking 0.25% 2.00x $1,000
BAC Florida Bank 0.15% 1.20x $500
HSBC Advance 0.15% 1.20x $100,000

Highlighted Savings Rate

Comments


rae, August 23, 2014


bank5 rates are great and the chat customer service is amazing. I have been with them for about 3 months and they are superb. it does take about a week to get everything up and running but I have already made interest on my small deposit and you only need $100 in checking or savings to reap interest benefits!! I will be switching to them for all my banking needs

Helpful? Yes:1 / No:1
Is this review helpful? Yes No

Rebecca, January 27, 2014


Amtrust or or Mybankingdirect or New York Community Bank or whatever it is = a truly awful institution that should not appear on this site, bankrate or anywhere.

Helpful? Yes:6 / No:2
Is this review helpful? Yes No

MARY HICKSON, December 21, 2013


WHAT'S THE DIFF...BETWEEN A TIP SAVINGS ACCOUNT AND A NON ONE ?

Helpful? Yes:0 / No:1
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Sol, November 07, 2013


@ Jason Goldberg

It depends where you log in from. The rate is only available in New England and New York so if you access the site from an IP out of that area, you will not see it. Also, make sure you sort by APY to make sure you haven't missed it.

Helpful? Yes:1 / No:2
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Jason Goldberg, November 07, 2013


I have come to this page a couple of times over the last few weeks and sometimes I see a bank listed here called EBSB Direct with the highest rate and sometimes I don't see it. Why is that?

Helpful? Yes:2 / No:3
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Leonard Harris, October 17, 2013


@Stephen Rice GE Capital Bank's service is excellent. Process very easy and CSR is very helpful if you need to call. I have also had very good experiences with Amex and Barclays. Not so good experiences with Sallie Mae or Discover. Can't comment on the rest, but you won't go wrong with GE Capital, Amex or Barclays.

Helpful? Yes:11 / No:3
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Stephen Rice, October 17, 2013


Has anyone opened an account with GE? Is it any good?

Helpful? Yes:1 / No:3
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Jeff R. Bryan, August 31, 2013


You can avoid the problem with Discover taking your interest by leaving a dollar there until you get your interest the next month and then closing the account after you have your interest. Can't you?

Helpful? Yes:1 / No:2
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John Doe, August 20, 2013


Smarty Pig is a great way to save online. I use them, and they give 1% interest.

Helpful? Yes:0 / No:3
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Aaron Schlesinger, August 20, 2013


I read somewhere (maybe here, not sure) that if you close a Discover account, they confiscate your accrued interest. Is that true? Service is horrid; need to move to one of the others listed here.

Helpful? Yes:2 / No:4
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