California

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San Francisco, California Savings Rates 2019

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!

San Francisco, CA - June 19, 2019

Savings Account National Average Rate: 0.22% ?

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BankS APY Vs.
Nat'l
Av.
MIN Miles?
2.10% 9.68x $25,000 6693.89
2.10% 9.68x $50,000 6697.36
2.01% 9.26x $25,000 6704.84
2.00% 9.22x $500,000 6686.41
1.92% 8.85x $300,000 6686.41
1.80% 8.29x $10,000 6697.36
1.60% 7.37x $10,000 6698.83
1.50% 6.91x $100 6679.69
1.50% 6.91x $10,000 6699.73
1.36% 6.27x $25,001 6609.09
1.26% 5.81x $1,000 6609.09
1.20% 5.53x $1,000 6694.75
1.00% 4.61x $1,000 6704.84
1.00% 4.61x $500 6697.19
1.00% 4.61x $25,000 6701.95
0.91% 4.19x $25,000 6605.65
0.90% 4.15x $10,000 6694.91
0.90% 4.15x $1,500 6694.36
0.86% 3.96x $1 6700.93
0.85% 3.92x $25,000 6686.41
0.85% 3.92x $2,500 6684.52
0.85% 3.92x $1 0.00
0.84% 3.87x $1,000 6700.93
0.80% 3.69x $10,000 6686.41
0.80% 3.69x $25,000 6606.01
0.80% 3.69x $1 6993.26
0.75% 3.46x $2,500 6697.19
0.75% 3.46x $25,000 6530.85
0.75% 3.46x $2,500 0.00
0.70% 3.23x $10,000 6606.01
0.60% 2.76x $10,000 6672.10
0.55% 2.53x $1,000 6700.54
0.50% 2.30x $1,000 6686.41
0.50% 2.30x $1 6606.01
0.50% 2.30x $1 6530.85
0.50% 2.30x $500 6701.95
0.50% 2.30x $500 6694.36
0.50% 2.30x $25,000 6979.29
0.45% 2.07x $25,000 6694.03
0.45% 2.07x $10,000 6700.54
0.45% 2.07x $1,000 6840.38
0.45% 2.07x $2,500 6688.79
0.45% 2.07x $500 6694.69
0.40% 1.84x $10,000 6956.43
0.40% 1.84x $2,500 6686.41
0.40% 1.84x $2,000 6599.31
0.40% 1.84x $25,000 7048.41
0.40% 1.84x $10,000 6629.57
0.40% 1.84x $10,000 7047.78
0.40% 1.84x $20,000 6690.86
0.40% 1.84x $5,000 6605.65
0.40% 1.84x $1 6690.96
0.40% 1.84x $25,000 6705.92
0.40% 1.84x $10,000 6694.80
0.40% 1.84x $1 6993.26
0.35% 1.61x $100 6956.43
0.35% 1.61x $10,000 7048.41
0.35% 1.61x $1,000 6629.57
0.35% 1.61x $1 7047.78
0.35% 1.61x $10,000 6694.03
0.35% 1.61x $1 6608.46
0.35% 1.61x $1 6605.65
0.35% 1.61x $25,000 6677.15
0.35% 1.61x $1 0.00
0.30% 1.38x $25,000 6676.42
0.30% 1.38x $25,000 0.00
0.30% 1.38x $25,000 6993.17
0.30% 1.38x $25,000 6629.57
0.30% 1.38x $1,000 6690.86
0.30% 1.38x $10,000 7025.36
0.30% 1.38x $1,000 6694.91
0.30% 1.38x $1,000 6616.69
0.30% 1.38x $300 6688.79
0.30% 1.38x $10,000 6686.96
0.30% 1.38x $25,000 6694.80
0.30% 1.38x $25,000 6696.91
0.30% 1.38x $100 6694.69
0.30% 1.38x $25,000 6673.27
0.29% 1.34x $10,000 6993.17
0.28% 1.29x $10,000 6674.91
0.25% 1.15x $25,000 6691.25
0.25% 1.15x $10,000 0.00
0.25% 1.15x $100 6993.26
0.25% 1.15x $500 6704.84
0.25% 1.15x $50 6698.83
0.25% 1.15x $1,000 6629.57
0.25% 1.15x $10,000 6706.96
0.25% 1.15x $50 6669.43
0.25% 1.15x $10,000 6993.31
0.25% 1.15x $2,500 6694.03
0.25% 1.15x $300 6690.86
0.25% 1.15x $25,000 6962.40
0.25% 1.15x $2,500 6689.26
0.25% 1.15x $1 6701.95
0.25% 1.15x $1 6678.79
0.25% 1.15x $500 6694.91
0.25% 1.15x $1 6963.17
0.25% 1.15x $100 0.00
0.25% 1.15x $25,000 6666.81
0.25% 1.15x $1 6953.93
0.25% 1.15x $1 6687.80
0.25% 1.15x $2,500 6937.64
0.25% 1.15x $10,000 6705.92
0.25% 1.15x $10,000 6677.83
0.25% 1.15x $10,000 6665.35
0.25% 1.15x $2,500 6677.15
0.25% 1.15x $1,000 6677.47
0.25% 1.15x $1,000 6673.27
0.25% 1.15x $25,000 6993.23
0.22% 1.01x $25,000 6627.68
0.22% 1.01x $1,000 6993.23
0.20% 0.92x $1 6691.25
0.20% 0.92x $2,500 6676.42
0.20% 0.92x $100 0.00
0.20% 0.92x $10,000 6775.45
0.20% 0.92x $100 6993.16
0.20% 0.92x $10,000 6694.07
0.20% 0.92x $10,000 6702.51
0.20% 0.92x $500 6706.96
0.20% 0.92x $1 6993.31
0.20% 0.92x $100 6694.03
0.20% 0.92x $300 6608.46
0.20% 0.92x $1 7025.36
0.20% 0.92x $100 6699.73
0.20% 0.92x $2,500 0.00
0.20% 0.92x $25,000 6666.81
0.20% 0.92x $10,000 6697.36
0.20% 0.92x $1 6953.93
0.20% 0.92x $1 6694.78
0.20% 0.92x $1 6690.96
0.20% 0.92x $1,000 6697.86
0.20% 0.92x $1 6686.96
0.20% 0.92x $10,000 6593.65
0.20% 0.92x $25,000 6686.00
0.20% 0.92x $10,000 6677.58
0.20% 0.92x $300 6653.93
0.20% 0.92x $1 6694.80
0.20% 0.92x $2,500 7065.03
0.20% 0.92x $1,000 6672.10
0.20% 0.92x $1 6696.91
0.20% 0.92x $10,000 7026.68
0.20% 0.92x $1 6841.22
0.20% 0.92x $5,000 6775.52
0.20% 0.92x $1 6677.47
0.20% 0.92x $300 6673.27
0.20% 0.92x $25,001 0.00
0.17% 0.78x $10,000 6627.68
0.17% 0.78x $5,000 6686.00
0.16% 0.74x $10,000 6841.24
0.16% 0.74x $1,000 6672.10
0.15% 0.69x $100 6691.25
0.15% 0.69x $2,500 0.00
0.15% 0.69x $25,000 6687.85
0.15% 0.69x $20,000 6991.94
0.15% 0.69x $2,500 7048.41
0.15% 0.69x $1 6982.76
0.15% 0.69x $1 6698.83
0.15% 0.69x $10,000 6694.07
0.15% 0.69x $10,000 6694.87
0.15% 0.69x $25,000 6825.09
0.15% 0.69x $5,000 6946.70
0.15% 0.69x $10,000 6962.40
0.15% 0.69x $2,500 6689.26
0.15% 0.69x $1 6702.87
0.15% 0.69x $1 6841.24
0.15% 0.69x $500 6986.96
0.15% 0.69x $25,000 6699.73
0.15% 0.69x $10,000 6666.81
0.15% 0.69x $1 6697.36
0.15% 0.69x $1 6956.31
0.15% 0.69x $1 6694.78
0.15% 0.69x $1 6937.64
0.15% 0.69x $1 6605.65
0.15% 0.69x $1,000 6705.92
0.15% 0.69x $2,500 6666.03
0.15% 0.69x $1 6686.00
0.15% 0.69x $25,000 6976.58
0.15% 0.69x $25,000 6866.70
0.15% 0.69x $1,000 7026.68
0.15% 0.69x $25,000 6993.53
0.15% 0.69x $1 6775.52
0.15% 0.69x $100 6677.15
0.15% 0.69x $1 6781.56
0.15% 0.69x $1 6979.29
0.15% 0.69x $1 0.00
0.15% 0.69x $1 0.00
0.12% 0.55x $2,000 6993.26
0.10% 0.46x $100 6956.43
0.10% 0.46x $1 6627.68
0.10% 0.46x $100 6676.42
0.10% 0.46x $1 6775.45
0.10% 0.46x $300 6687.85
0.10% 0.46x $10,000 6991.94
0.10% 0.46x $1 6993.16
0.10% 0.46x $300 6782.35
0.10% 0.46x $1 7048.41
0.10% 0.46x $1 6693.89
0.10% 0.46x $10,001 6981.65
0.10% 0.46x $500 6982.76
0.10% 0.46x $1 6694.07
0.10% 0.46x $1 6697.49
0.10% 0.46x $1 6694.87
0.10% 0.46x $1 6661.44
0.10% 0.46x $1 6702.51
0.10% 0.46x $2,500 6825.09
0.10% 0.46x $1 7047.78
0.10% 0.46x $100 7025.36
0.10% 0.46x $1,000 6946.70
0.10% 0.46x $10,000 6684.73
0.10% 0.46x $2,500 6962.40
0.10% 0.46x $25,000 6594.00
0.10% 0.46x $500 6679.95
0.10% 0.46x $100 6689.26
0.10% 0.46x $10,000 7025.29
0.10% 0.46x $250 6678.79
0.10% 0.46x $1 6674.91
0.10% 0.46x $10,000 6620.44
0.10% 0.46x $1 6702.87
0.10% 0.46x $100 6966.44
0.10% 0.46x $1 6841.24
0.10% 0.46x $5,000 6986.96
0.10% 0.46x $2,500 6699.73
0.10% 0.46x $200 6666.81
0.10% 0.46x $2,500 6697.36
0.10% 0.46x $1 6956.31
0.10% 0.46x $50 6609.09
0.10% 0.46x $25,000 7004.06
0.10% 0.46x $10,000 6695.19
0.10% 0.46x $25,000 6986.05
0.10% 0.46x $100 6705.76
0.10% 0.46x $10,000 6775.43
0.10% 0.46x $100 6616.69
0.10% 0.46x $10,000 7017.49
0.10% 0.46x $500 6666.03
0.10% 0.46x $100 6686.00
0.10% 0.46x $100 6928.00
0.10% 0.46x $500 6932.19
0.10% 0.46x $1 6976.58
0.10% 0.46x $1 7065.03
0.10% 0.46x $300 6677.83
0.10% 0.46x $10,000 6953.74
0.10% 0.46x $25,000 6611.17
0.10% 0.46x $1 6652.50
0.10% 0.46x $200 7026.68
0.10% 0.46x $2,500 6993.53
0.10% 0.46x $2,500 6649.61
0.10% 0.46x $1 6993.17
0.10% 0.46x $25,000 7066.77
0.10% 0.46x $2,000 6665.35
0.10% 0.46x $2,500 6781.56
0.10% 0.46x $2,500 6675.67
0.09% 0.41x $1 6942.71
0.08% 0.37x $2,500 6942.71
0.08% 0.37x $25,000 6941.28
0.08% 0.37x $25,000 7018.11
0.08% 0.37x $10,000 6705.76
0.08% 0.37x $1 6994.26
0.08% 0.37x $25,000 7066.77
0.08% 0.37x $25,000 6694.75
0.07% 0.32x $2,500 6945.61
0.07% 0.32x $1 7007.43
0.07% 0.32x $25,000 6678.78
0.07% 0.32x $2,500 7017.49
0.07% 0.32x $25,000 6916.19
0.07% 0.32x $1 6953.74
0.06% 0.28x $100 6942.71
0.06% 0.28x $10,000 6782.35
0.06% 0.28x $10,000 7018.11
0.06% 0.28x $10,000 6866.70
0.06% 0.28x $10,000 7066.77
0.06% 0.28x $10,000 7025.20
0.06% 0.28x $1,000 6993.23
0.05% 0.23x $2,500 6934.41
0.05% 0.23x $100 6606.01
0.05% 0.23x $100 6945.61
0.05% 0.23x $1 6991.94
0.05% 0.23x $2,500 6782.35
0.05% 0.23x $1 6993.17
0.05% 0.23x $1 6693.89
0.05% 0.23x $1,000 6981.65
0.05% 0.23x $1 6697.49
0.05% 0.23x $1,000 6694.87
0.05% 0.23x $1,000 6619.64
0.05% 0.23x $1 6825.09
0.05% 0.23x $1 6942.75
0.05% 0.23x $1 6993.31
0.05% 0.23x $5,000 6941.28
0.05% 0.23x $1 6684.73
0.05% 0.23x $1 6962.40
0.05% 0.23x $500 6594.00
0.05% 0.23x $1 7025.29
0.05% 0.23x $200 6620.44
0.05% 0.23x $1 6702.86
0.05% 0.23x $1 6678.78
0.05% 0.23x $1 6986.96
0.05% 0.23x $2,500 7018.11
0.05% 0.23x $100 6956.31
0.05% 0.23x $100 6700.54
0.05% 0.23x $500 6684.52
0.05% 0.23x $1,000 7004.06
0.05% 0.23x $100 6695.19
0.05% 0.23x $300 6986.05
0.05% 0.23x $2,500 6705.76
0.05% 0.23x $1 6775.43
0.05% 0.23x $200 7017.49
0.05% 0.23x $10,000 6916.19
0.05% 0.23x $500 6697.86
0.05% 0.23x $1,000 6705.92
0.05% 0.23x $1 6593.65
0.05% 0.23x $1 6928.00
0.05% 0.23x $500 6932.19
0.05% 0.23x $1 6866.70
0.05% 0.23x $1 6953.74
0.05% 0.23x $100 6611.17
0.05% 0.23x $1 6614.67
0.05% 0.23x $25,000 6841.22
0.05% 0.23x $1,000 6993.53
0.05% 0.23x $1 6649.61
0.05% 0.23x $1 6994.26
0.05% 0.23x $500 6775.52
0.05% 0.23x $1 6993.17
0.05% 0.23x $2,500 7066.77
0.05% 0.23x $10,000 6704.11
0.05% 0.23x $10,000 6990.68
0.05% 0.23x $2,500 6694.75
0.05% 0.23x $2,500 6702.57
0.04% 0.18x $15,000 6697.28
0.04% 0.18x $10,000 6801.36
0.04% 0.18x $1,000 6704.11
0.04% 0.18x $2,500 6675.67
0.03% 0.14x $2,500 6934.41
0.03% 0.14x $2,500 6694.57
0.03% 0.14x $1 6697.28
0.03% 0.14x $300 6941.28
0.03% 0.14x $1 6702.86
0.03% 0.14x $1 6916.19
0.03% 0.14x $1 6866.70
0.03% 0.14x $1 6801.36
0.03% 0.14x $10,000 6841.22
0.03% 0.14x $1 7066.77
0.03% 0.14x $10,000 6704.11
0.03% 0.14x $2,500 6990.68
0.03% 0.14x $2,500 7025.20
0.02% 0.09x $100 6961.33
0.02% 0.09x $100 6966.44
0.02% 0.09x $2,500 7025.20
0.01% 0.05x $1 6961.33
0.01% 0.05x $300 7007.43
0.01% 0.05x $1 6993.17
0.01% 0.05x $500 6702.51
0.01% 0.05x $1 6697.28
0.01% 0.05x $100 6946.70
0.01% 0.05x $100 6702.54
0.01% 0.05x $1 6992.95
0.01% 0.05x $300 6677.58
0.01% 0.05x $2,500 6841.22
0.01% 0.05x $1,000 6994.26
0.01% 0.05x $1 6704.11
0.01% 0.05x $1 6990.68
0.01% 0.05x $2,500 6694.75
0.01% 0.05x $1 6702.57
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 2019

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.

Use or Change these Amounts And Rates