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You are viewing savings rates in Fremont, California

Fremont, California Savings Rates 2020

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!

Fremont, CA - June 4, 2020

Savings Account National Average Rate: 0.14% ?

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Banks APY Vs.
Nat'l
Av.
MIN Miles?
1.65% 12.22x $25,000 6693.89 Learn More
1.51% 11.19x $25,000 6704.84 Learn More
1.20% 8.89x $500 6993.26 Learn More
1.15% 8.52x $25,000 - Learn More
1.11% 8.22x $25,000 6704.84 Learn More
1.00% 7.41x $1,000 6704.84 Learn More
1.00% 7.41x $50 6669.43 Learn More
1.00% 7.41x $25,001 6609.09 Learn More
0.95% 7.04x $10,000 7004.06 Learn More
0.91% 6.74x $25,000 6965.21 Learn More
0.90% 6.67x $1,000 6609.09 Learn More
0.85% 6.30x $1 6700.93 Learn More
0.75% 5.56x $100 6679.69 Learn More
0.75% 5.56x $1,000 6694.75 Learn More
0.75% 5.56x $1,500 6694.36 Learn More
0.65% 4.81x $1,000 6704.84 Learn More
0.65% 4.81x $1,000 6965.21 Learn More
0.65% 4.81x $25,000 6697.19 Learn More
0.65% 4.81x $25,000 6701.95 Learn More
0.60% 4.44x $10,000 6672.10 Learn More
0.60% 4.44x $10,000 6993.26 Learn More
0.50% 3.70x $10,000 6686.41 Learn More
0.50% 3.70x $500 6697.19 Learn More
0.50% 3.70x $10,000 6694.91 Learn More
0.50% 3.70x $500 0.00 Learn More
0.50% 3.70x $500 6694.36 Learn More
0.50% 3.70x $500 6993.26 Learn More
0.40% 2.96x $2,000 6599.31 Learn More
0.40% 2.96x $25,000 6698.83 Learn More
0.40% 2.96x $10,000 6629.57 Learn More
0.40% 2.96x $1,000 6697.19 Learn More
0.40% 2.96x $1 6700.93 Learn More
0.40% 2.96x $25,000 6605.65 Learn More
0.40% 2.96x $10,000 6694.80 Learn More
0.40% 2.96x $1 6993.26 Learn More
0.35% 2.59x $1,000 6629.57 Learn More
0.35% 2.59x $1,000 6700.93 Learn More
0.35% 2.59x $1,000 7004.06 Learn More
0.35% 2.59x $25,000 6677.15 Learn More
0.30% 2.22x $25,000 6676.42 Learn More
0.30% 2.22x $25,000 0.00 Learn More
0.30% 2.22x $1 6693.89 Learn More
0.30% 2.22x $10,000 6698.83 Learn More
0.30% 2.22x $1 6702.75 Learn More
0.30% 2.22x $25,000 6705.92 Learn More
0.30% 2.22x $10,000 6686.96 Learn More
0.30% 2.22x $25,000 6696.91 Learn More
0.30% 2.22x $100 6694.69 Learn More
0.28% 2.07x $10,000 6674.91 Learn More
0.26% 1.93x $10,000 6993.17 Learn More
0.25% 1.85x $10,000 0.00 Learn More
0.25% 1.85x $1 6686.41 Learn More
0.25% 1.85x $25,000 6993.07 Learn More
0.25% 1.85x $1,000 6679.69 Learn More
0.25% 1.85x $500 6704.84 Learn More
0.25% 1.85x $500 6965.21 Learn More
0.25% 1.85x $1 6698.83 Learn More
0.25% 1.85x $15,000 6697.28 Learn More
0.25% 1.85x $50 6669.43 Learn More
0.25% 1.85x $500 6701.95 Learn More
0.25% 1.85x $1 6678.79 Learn More
0.25% 1.85x $500 6694.91 Learn More
0.25% 1.85x $1 6963.17 Learn More
0.25% 1.85x $10,000 0.00 Learn More
0.25% 1.85x $5,000 6605.65 Learn More
0.25% 1.85x $10,000 6705.92 Learn More
0.25% 1.85x $25,000 6686.00 Learn More
0.25% 1.85x $25,000 6653.93 Learn More
0.25% 1.85x $500 6694.69 Learn More
0.25% 1.85x $10,000 6665.35 Learn More
0.25% 1.85x $2,500 6677.15 Learn More
0.20% 1.48x $2,500 6676.42 Learn More
0.20% 1.48x $100 0.00 Learn More
0.20% 1.48x $25,000 6775.45 Learn More
0.20% 1.48x $25,000 6606.01 Learn More
0.20% 1.48x $10,000 6993.07 Learn More
0.20% 1.48x $100 6993.16 Learn More
0.20% 1.48x $25,000 6993.17 Learn More
0.20% 1.48x $10,000 6694.07 Learn More
0.20% 1.48x $1 6629.57 Learn More
0.20% 1.48x $25,000 6608.46 Learn More
0.20% 1.48x $25,000 6962.40 Learn More
0.20% 1.48x $10,000 6689.26 Learn More
0.20% 1.48x $100 6699.73 Learn More
0.20% 1.48x $2,500 0.00 Learn More
0.20% 1.48x $25,000 6666.81 Learn More
0.20% 1.48x $1,000 6702.75 Learn More
0.20% 1.48x $1,000 6840.38 Learn More
0.20% 1.48x $1 6605.65 Learn More
0.20% 1.48x $1 6686.96 Learn More
0.20% 1.48x $10,000 6697.46 Learn More
0.20% 1.48x $300 6653.93 Learn More
0.20% 1.48x $200 6694.80 Learn More
0.20% 1.48x $100 6696.91 Learn More
0.20% 1.48x $25,000 6673.27 Learn More
0.19% 1.41x $10,000 6993.17 Learn More
0.18% 1.33x $500 6677.15 Learn More
0.16% 1.19x $1,000 6672.10 Learn More
0.15% 1.11x $2,500 0.00 Learn More
0.15% 1.11x $10,000 6775.45 Learn More
0.15% 1.11x $10,000 6606.01 Learn More
0.15% 1.11x $25,000 6687.85 Learn More
0.15% 1.11x $1 6993.07 Learn More
0.15% 1.11x $25,000 6825.09 Learn More
0.15% 1.11x $1 6608.46 Learn More
0.15% 1.11x $5,000 6946.70 Learn More
0.15% 1.11x $10,000 6962.40 Learn More
0.15% 1.11x $1 6701.95 Learn More
0.15% 1.11x $100 6841.24 Learn More
0.15% 1.11x $25,000 6678.78 Learn More
0.15% 1.11x $500 6986.96 Learn More
0.15% 1.11x $25,000 6699.73 Learn More
0.15% 1.11x $10,000 6666.81 Learn More
0.15% 1.11x $1,000 6700.54 Learn More
0.15% 1.11x $1 6605.65 Learn More
0.15% 1.11x $1,000 6705.92 Learn More
0.15% 1.11x $500 6697.46 Learn More
0.15% 1.11x $2,500 6666.03 Learn More
0.15% 1.11x $1 6686.00 Learn More
0.15% 1.11x $25,000 6993.53 Learn More
0.15% 1.11x $25,000 6993.17 Learn More
0.15% 1.11x $2,500 0.00 Learn More
0.15% 1.11x $1 0.00 Learn More
0.10% 0.74x $25,000 6691.25 Learn More
0.10% 0.74x $100 6676.42 Learn More
0.10% 0.74x $1 6775.45 Learn More
0.10% 0.74x $25 6606.01 Learn More
0.10% 0.74x $300 6687.85 Learn More
0.10% 0.74x $20,000 6991.94 Learn More
0.10% 0.74x $100 6993.26 Learn More
0.10% 0.74x $1 6993.16 Learn More
0.10% 0.74x $25,000 7048.41 Learn More
0.10% 0.74x $1 6693.89 Learn More
0.10% 0.74x $10,001 6981.65 Learn More
0.10% 0.74x $1 6982.76 Learn More
0.10% 0.74x $1 6694.07 Learn More
0.10% 0.74x $10,000 6694.87 Learn More
0.10% 0.74x $1 6661.44 Learn More
0.10% 0.74x $1 6706.96 Learn More
0.10% 0.74x $2,500 6825.09 Learn More
0.10% 0.74x $5 6986.85 Learn More
0.10% 0.74x $1 6530.85 Learn More
0.10% 0.74x $2,500 7047.78 Learn More
0.10% 0.74x $10,000 6993.31 Learn More
0.10% 0.74x $25,000 6694.03 Learn More
0.10% 0.74x $300 6608.46 Learn More
0.10% 0.74x $10,000 7025.36 Learn More
0.10% 0.74x $10,000 6684.73 Learn More
0.10% 0.74x $2,500 6962.40 Learn More
0.10% 0.74x $100 6689.26 Learn More
0.10% 0.74x $1 7025.29 Learn More
0.10% 0.74x $100 6678.79 Learn More
0.10% 0.74x $1 6674.91 Learn More
0.10% 0.74x $10,000 6620.44 Learn More
0.10% 0.74x $2,500 6694.91 Learn More
0.10% 0.74x $10,000 6966.44 Learn More
0.10% 0.74x $1 6841.24 Learn More
0.10% 0.74x $1 6678.78 Learn More
0.10% 0.74x $5,000 6986.96 Learn More
0.10% 0.74x $2,500 6699.73 Learn More
0.10% 0.74x $200 6666.81 Learn More
0.10% 0.74x $100 6697.36 Learn More
0.10% 0.74x $50 6609.09 Learn More
0.10% 0.74x $10,000 6684.52 Learn More
0.10% 0.74x $10,000 6695.19 Learn More
0.10% 0.74x $25,000 6986.05 Learn More
0.10% 0.74x $250 6993.43 Learn More
0.10% 0.74x $2,500 6937.64 Learn More
0.10% 0.74x $1 6690.96 Learn More
0.10% 0.74x $1,000 6697.86 Learn More
0.10% 0.74x $500 6666.03 Learn More
0.10% 0.74x $10,000 6593.65 Learn More
0.10% 0.74x $100 6686.00 Learn More
0.10% 0.74x $100 6928.00 Learn More
0.10% 0.74x $500 6932.19 Learn More
0.10% 0.74x $25,000 6649.62 Learn More
0.10% 0.74x $1 7065.03 Learn More
0.10% 0.74x $10,000 6677.83 Learn More
0.10% 0.74x $1 6953.74 Learn More
0.10% 0.74x $10,000 6614.67 Learn More
0.10% 0.74x $1 6652.50 Learn More
0.10% 0.74x $200 7026.68 Learn More
0.10% 0.74x $1,000 6665.72 Learn More
0.10% 0.74x $2,500 6993.53 Learn More
0.10% 0.74x $2,500 6649.61 Learn More
0.10% 0.74x $1 6993.17 Learn More
0.10% 0.74x $2,000 6665.35 Learn More
0.10% 0.74x $1 6781.56 Learn More
0.10% 0.74x $2,500 6675.67 Learn More
0.10% 0.74x $300 6673.27 Learn More
0.10% 0.74x $1 0.00 Learn More
0.10% 0.74x $1 6702.57 Learn More
0.10% 0.74x $25,001 0.00 Learn More
0.10% 0.74x $1 0.00 Learn More
0.09% 0.67x $100 6942.71 Learn More
0.09% 0.67x $25,000 7066.77 Learn More
0.08% 0.59x $2,500 6694.55 Learn More
0.08% 0.59x $25,000 6941.28 Learn More
0.08% 0.59x $1 6976.58 Learn More
0.08% 0.59x $25,000 6694.75 Learn More
0.08% 0.59x $25,000 6993.23 Learn More
0.07% 0.52x $2,500 6945.61 Learn More
0.07% 0.52x $1 7007.43 Learn More
0.07% 0.52x $25,000 6782.35 Learn More
0.07% 0.52x $10,000 6986.85 Learn More
0.07% 0.52x $1 7025.36 Learn More
0.07% 0.52x $25,000 6678.78 Learn More
0.07% 0.52x $25,000 7018.11 Learn More
0.07% 0.52x $25,000 6916.19 Learn More
0.06% 0.44x $100 6942.71 Learn More
0.06% 0.44x $10,000 6782.35 Learn More
0.06% 0.44x $10,000 7025.20 Learn More
0.05% 0.37x $1 6934.41 Learn More
0.05% 0.37x $1 6956.43 Learn More
0.05% 0.37x $1 6691.25 Learn More
0.05% 0.37x $25 6606.01 Learn More
0.05% 0.37x $100 6945.61 Learn More
0.05% 0.37x $1 6991.94 Learn More
0.05% 0.37x $1 6993.07 Learn More
0.05% 0.37x $300 6782.35 Learn More
0.05% 0.37x $1 6993.17 Learn More
0.05% 0.37x $1 7048.41 Learn More
0.05% 0.37x $1,000 6981.65 Learn More
0.05% 0.37x $500 6982.76 Learn More
0.05% 0.37x $1 6697.49 Learn More
0.05% 0.37x $1 6694.87 Learn More
0.05% 0.37x $1 6702.51 Learn More
0.05% 0.37x $1 6825.09 Learn More
0.05% 0.37x $100 6986.85 Learn More
0.05% 0.37x $1 6942.75 Learn More
0.05% 0.37x $100 7047.78 Learn More
0.05% 0.37x $1 6993.31 Learn More
0.05% 0.37x $100 6694.03 Learn More
0.05% 0.37x $5,000 6941.28 Learn More
0.05% 0.37x $300 6690.86 Learn More
0.05% 0.37x $100 7025.36 Learn More
0.05% 0.37x $1 6684.73 Learn More
0.05% 0.37x $1 6962.40 Learn More
0.05% 0.37x $500 6679.95 Learn More
0.05% 0.37x $1 7025.29 Learn More
0.05% 0.37x $200 6620.44 Learn More
0.05% 0.37x $100 6966.44 Learn More
0.05% 0.37x $1 6678.78 Learn More
0.05% 0.37x $1 6986.96 Learn More
0.05% 0.37x $10,000 7018.11 Learn More
0.05% 0.37x $2,500 6697.36 Learn More
0.05% 0.37x $1 6956.31 Learn More
0.05% 0.37x $100 6700.54 Learn More
0.05% 0.37x $500 6684.52 Learn More
0.05% 0.37x $100 6695.19 Learn More
0.05% 0.37x $1 6694.78 Learn More
0.05% 0.37x $300 6986.05 Learn More
0.05% 0.37x $100 6705.76 Learn More
0.05% 0.37x $1 6775.43 Learn More
0.05% 0.37x $2,500 6937.64 Learn More
0.05% 0.37x $10,000 7017.49 Learn More
0.05% 0.37x $10,000 6916.19 Learn More
0.05% 0.37x $500 6697.86 Learn More
0.05% 0.37x $1,000 6705.92 Learn More
0.05% 0.37x $1 6593.65 Learn More
0.05% 0.37x $1 6928.00 Learn More
0.05% 0.37x $500 6932.19 Learn More
0.05% 0.37x $1 6976.58 Learn More
0.05% 0.37x $100 6649.62 Learn More
0.05% 0.37x $300 6677.83 Learn More
0.05% 0.37x $100 6953.74 Learn More
0.05% 0.37x $300 6611.17 Learn More
0.05% 0.37x $1 6614.67 Learn More
0.05% 0.37x $1,000 7026.68 Learn More
0.05% 0.37x $1 6841.22 Learn More
0.05% 0.37x $100 6665.72 Learn More
0.05% 0.37x $1,000 6993.53 Learn More
0.05% 0.37x $1 6649.61 Learn More
0.05% 0.37x $10,000 6775.52 Learn More
0.05% 0.37x $25,000 6972.56 Learn More
0.05% 0.37x $1 6993.17 Learn More
0.05% 0.37x $2,500 6694.75 Learn More
0.05% 0.37x $1 6702.57 Learn More
0.05% 0.37x $1,000 6993.23 Learn More
0.05% 0.37x $1 6979.29 Learn More
0.05% 0.37x $1 0.00 Learn More
0.05% 0.33x $500 6775.52 Learn More
0.04% 0.30x $1 6993.20 Learn More
0.04% 0.30x $1 6694.68 Learn More
0.04% 0.30x $1,000 6946.70 Learn More
0.04% 0.30x $100 6962.40 Learn More
0.04% 0.30x $2,500 7018.11 Learn More
0.04% 0.30x $10,000 6994.26 Learn More
0.04% 0.30x $2,500 6675.67 Learn More
0.03% 0.22x $2,500 6934.41 Learn More
0.03% 0.22x $1 6991.94 Learn More
0.03% 0.22x $300 7007.43 Learn More
0.03% 0.22x $1 6697.28 Learn More
0.03% 0.22x $100 6941.28 Learn More
0.03% 0.22x $100 6946.70 Learn More
0.03% 0.22x $2,500 6962.40 Learn More
0.03% 0.22x $25,000 6594.00 Learn More
0.03% 0.22x $50 7004.04 Learn More
0.03% 0.22x $2,500 7018.11 Learn More
0.03% 0.22x $2,500 6687.80 Learn More
0.03% 0.22x $200 7017.49 Learn More
0.03% 0.22x $1 6916.19 Learn More
0.03% 0.22x $10,000 6649.62 Learn More
0.03% 0.22x $10,000 6841.22 Learn More
0.03% 0.22x $1 6994.26 Learn More
0.03% 0.22x $2,500 7025.20 Learn More
0.03% 0.22x $1,000 6993.23 Learn More
0.02% 0.15x $10,000 6961.33 Learn More
0.02% 0.15x $1 6993.20 Learn More
0.02% 0.15x $100 6966.44 Learn More
0.02% 0.15x $1 6687.80 Learn More
0.02% 0.15x $1 6775.43 Learn More
0.02% 0.15x $1 6677.58 Learn More
0.02% 0.15x $1 6972.56 Learn More
0.02% 0.15x $1 7066.77 Learn More
0.02% 0.15x $10,000 6990.68 Learn More
0.02% 0.15x $2,500 7025.20 Learn More
0.01% 0.07x $500 6694.55 Learn More
0.01% 0.07x $1 6961.33 Learn More
0.01% 0.07x $2,500 6694.57 Learn More
0.01% 0.07x $1 6993.17 Learn More
0.01% 0.07x $1 6697.49 Learn More
0.01% 0.07x $500 6702.51 Learn More
0.01% 0.07x $1 6697.28 Learn More
0.01% 0.07x $500 6594.00 Learn More
0.01% 0.07x $1 6702.87 Learn More
0.01% 0.07x $1 6702.86 Learn More
0.01% 0.07x $100 6702.54 Learn More
0.01% 0.07x $1 6992.95 Learn More
0.01% 0.07x $1 6694.78 Learn More
0.01% 0.07x $1 6993.43 Learn More
0.01% 0.07x $1 7017.49 Learn More
0.01% 0.07x $2,500 6677.58 Learn More
0.01% 0.07x $1 6866.70 Learn More
0.01% 0.07x $2,500 6841.22 Learn More
0.01% 0.07x $1 6994.26 Learn More
0.01% 0.07x $1 6704.11 Learn More
0.01% 0.07x $1 6990.68 Learn More
0.01% 0.07x $2,500 6694.75 Learn More
0.01% 0.07x $2,500 6702.57 Learn More
All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.


BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

PRODUCT INFORMATION


Local Savings Accounts 2020

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different ownership categories (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.

Disadvantages:

  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES


Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

  • Find a bank with a location convenient to you. Location counts.
  • Choose a bank with good rates. Rates are important to get continued growth of your capital.
  • Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
  • Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
  • Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
  • Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
  • Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
  • Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.

SAVINGS & CD CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

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