Georgia

Image Courtesy: www.pixabay.com

You are viewing savings rates in Atlanta, Georgia

Atlanta, Georgia 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!

Atlanta, GA - June 18, 2019

Savings Account National Average Rate: 0.22% ?

Advertiser Disclosure
BankS APY Vs.
Nat'l
Av.
MIN Miles?
2.16% 9.95x $25,000 5047.68
2.02% 9.31x $10,000 5069.24
1.97% 9.08x $25,000 5078.86
1.77% 8.16x $25,000 5015.09
1.76% 8.11x $1 5078.86
1.50% 6.91x $1 5043.57
1.41% 6.50x $25,000 4935.93
1.30% 5.99x $10,000 5047.73
1.26% 5.81x $100 5015.09
1.25% 5.76x $25,000 4998.71
1.16% 5.35x $1 4934.87
1.15% 5.30x $1 5047.73
1.06% 4.88x $10,000 5037.19
1.00% 4.61x $1,000 5047.68
1.00% 4.61x $1 4998.71
1.00% 4.61x $25,000 5025.43
1.00% 4.61x $100 5015.09
1.00% 4.61x $25,000 5043.67
0.90% 4.15x $25,000 5076.37
0.85% 3.92x $25,000 4871.44
0.85% 3.92x $2,500 4988.30
0.85% 3.92x $100 5078.86
0.80% 3.69x $25,000 4901.88
0.75% 3.46x $10,000 4871.44
0.75% 3.46x $25,000 4985.15
0.75% 3.46x $100 4951.68
0.75% 3.46x $25,000 5003.33
0.75% 3.46x $100 4988.30
0.75% 3.46x $2,500 5001.44
0.75% 3.46x $25,000 5047.26
0.75% 3.46x $10,000 5025.43
0.75% 3.46x $1,000 4935.93
0.75% 3.46x $100 4957.45
0.75% 3.46x $25,000 5050.06
0.75% 3.46x $100 4913.10
0.70% 3.23x $10,000 4901.88
0.70% 3.23x $25,000 4913.10
0.65% 3.00x $2,500 4871.44
0.65% 3.00x $10,000 5076.37
0.65% 3.00x $100 5001.44
0.65% 3.00x $25,000 4866.91
0.65% 3.00x $25,000 5015.24
0.60% 2.76x $25,000 5051.22
0.60% 2.76x $25,000 5046.96
0.58% 2.67x $25,000 4948.66
0.55% 2.53x $2,500 4997.02
0.55% 2.53x $1,000 5076.37
0.55% 2.53x $100 4967.84
0.55% 2.53x $1 5047.26
0.55% 2.53x $10,000 4866.91
0.55% 2.53x $50 4948.66
0.51% 2.35x $50 4884.16
0.50% 2.30x $25,000 4982.41
0.50% 2.30x $1 4901.88
0.50% 2.30x $2,500 5051.22
0.50% 2.30x $100 4957.37
0.50% 2.30x $100 4985.23
0.50% 2.30x $2,500 4906.29
0.50% 2.30x $5 4871.44
0.50% 2.30x $100 4985.15
0.50% 2.30x $10,000 5050.09
0.50% 2.30x $1,000 4967.84
0.50% 2.30x $10,000 5003.33
0.50% 2.30x $25,000 4927.31
0.50% 2.30x $100 4998.71
0.50% 2.30x $25,000 4965.38
0.50% 2.30x $25,000 4870.83
0.50% 2.30x $100 4901.87
0.50% 2.30x $25,000 5035.21
0.50% 2.30x $1,000 5025.43
0.50% 2.30x $1,000 5043.67
0.50% 2.30x $25,000 5039.44
0.50% 2.30x $25,000 4980.55
0.50% 2.30x $2,500 4866.91
0.50% 2.30x $1 5050.06
0.50% 2.30x $10,000 5039.43
0.50% 2.30x $10,000 5046.96
0.50% 2.30x $10,000 5015.24
0.50% 2.30x $25,000 5022.19
0.50% 2.30x $1,000 4913.10
0.50% 2.30x $25,000 4863.86
0.50% 2.30x $2,500 5017.45
0.50% 2.30x $1 4902.42
0.50% 2.30x $25,000 5014.25
0.50% 2.30x $1 5039.88
0.46% 2.12x $100 4952.63
0.46% 2.12x $10,000 5046.59
0.45% 2.07x $25,000 4910.36
0.45% 2.07x $25,000 4945.04
0.45% 2.07x $25,000 4903.64
0.45% 2.07x $25,000 4901.17
0.45% 2.07x $25,000 4957.45
0.45% 2.07x $25,000 5116.71
0.45% 2.07x $2,500 4992.80
0.45% 2.07x $5,000 5014.25
0.45% 2.07x $10,000 4937.82
0.44% 2.03x $10,000 5102.02
0.41% 1.89x $25,000 5049.07
0.41% 1.89x $100 5046.59
0.40% 1.84x $1,000 5051.22
0.40% 1.84x $25,000 4957.37
0.40% 1.84x $100 4997.02
0.40% 1.84x $50 4910.36
0.40% 1.84x $5,000 4903.64
0.40% 1.84x $100 4983.98
0.40% 1.84x $50 4886.15
0.40% 1.84x $25,000 5072.01
0.40% 1.84x $2,500 5050.09
0.40% 1.84x $50 4911.04
0.40% 1.84x $25,000 4901.22
0.40% 1.84x $100 4946.77
0.40% 1.84x $50 4908.63
0.40% 1.84x $25,000 5001.75
0.40% 1.84x $2,500 4897.98
0.40% 1.84x $2,500 4980.55
0.40% 1.84x $1 4957.45
0.40% 1.84x $1 5046.96
0.40% 1.84x $10,000 5063.03
0.40% 1.84x $1 5015.24
0.40% 1.84x $100 5059.85
0.40% 1.84x $100 4895.78
0.40% 1.84x $1,000 5032.56
0.40% 1.84x $1 5022.19
0.40% 1.84x $10,000 5116.71
0.40% 1.84x $25 4917.15
0.40% 1.84x $250 4825.85
0.40% 1.84x $10,000 4863.86
0.40% 1.84x $10,000 5042.21
0.40% 1.84x $100 4934.87
0.38% 1.75x $1,000 5049.07
0.38% 1.75x $2,500 4948.66
0.36% 1.66x $25,000 5093.52
0.36% 1.66x $1 5050.06
0.35% 1.61x $2,500 4980.99
0.35% 1.61x $250 4903.64
0.35% 1.61x $1 5072.01
0.35% 1.61x $25,000 4926.46
0.35% 1.61x $100 4901.17
0.35% 1.61x $2,500 4951.68
0.35% 1.61x $10,001 5116.04
0.35% 1.61x $25,000 4862.88
0.35% 1.61x $10,000 4901.22
0.35% 1.61x $10,001 5037.03
0.35% 1.61x $2,500 4901.87
0.35% 1.61x $1,000 5035.21
0.35% 1.61x $100 5025.43
0.35% 1.61x $1,000 4908.63
0.35% 1.61x $5,000 5039.44
0.35% 1.61x $25,000 5034.28
0.35% 1.61x $1 5015.24
0.35% 1.61x $10,000 4830.01
0.35% 1.61x $100 5032.56
0.35% 1.61x $2,500 4915.83
0.35% 1.61x $1 4876.87
0.35% 1.61x $25,000 4981.84
0.35% 1.61x $1,000 4952.63
0.35% 1.61x $25 5014.25
0.35% 1.61x $1 4937.82
0.35% 1.61x $2,500 4957.17
0.34% 1.57x $25,000 4825.85
0.30% 1.38x $1 4902.41
0.30% 1.38x $5,000 4982.41
0.30% 1.38x $2,500 4957.37
0.30% 1.38x $2,500 5132.81
0.30% 1.38x $25,001 4963.71
0.30% 1.38x $10,000 4933.08
0.30% 1.38x $2,500 5132.79
0.30% 1.38x $10,000 5052.06
0.30% 1.38x $1 4862.88
0.30% 1.38x $1,000 4901.22
0.30% 1.38x $2,500 4946.77
0.30% 1.38x $100 4965.38
0.30% 1.38x $25,000 4969.61
0.30% 1.38x $1 4901.87
0.30% 1.38x $25,000 5050.94
0.30% 1.38x $25,000 5019.05
0.30% 1.38x $2,500 5001.75
0.30% 1.38x $1 5097.29
0.30% 1.38x $25,000 5048.70
0.30% 1.38x $1 4870.77
0.30% 1.38x $100 4830.01
0.30% 1.38x $1 5082.79
0.30% 1.38x $200 5116.71
0.30% 1.38x $100 4876.87
0.30% 1.38x $25,000 4991.26
0.30% 1.38x $10,000 4981.84
0.30% 1.38x $10 4852.30
0.30% 1.38x $1 4863.86
0.30% 1.38x $1,000 5042.21
0.30% 1.38x $10,000 5067.10
0.30% 1.38x $1 4957.17
0.25% 1.15x $100 5132.81
0.25% 1.15x $100 4943.76
0.25% 1.15x $50 4963.71
0.25% 1.15x $100 4900.31
0.25% 1.15x $100 4906.29
0.25% 1.15x $1,000 4997.21
0.25% 1.15x $100 4933.08
0.25% 1.15x $200 4980.99
0.25% 1.15x $500 5047.68
0.25% 1.15x $200 4968.13
0.25% 1.15x $100 4932.79
0.25% 1.15x $100 5132.79
0.25% 1.15x $1 4945.04
0.25% 1.15x $1 5072.01
0.25% 1.15x $1 4926.46
0.25% 1.15x $100 5125.96
0.25% 1.15x $1 5050.09
0.25% 1.15x $10,000 5051.84
0.25% 1.15x $1 5037.19
0.25% 1.15x $200 4968.26
0.25% 1.15x $1,000 4953.24
0.25% 1.15x $1 5003.33
0.25% 1.15x $2,500 5116.04
0.25% 1.15x $500 5025.88
0.25% 1.15x $10,000 4927.31
0.25% 1.15x $100 4901.22
0.25% 1.15x $200 5043.57
0.25% 1.15x $1 4998.71
0.25% 1.15x $1 5022.19
0.25% 1.15x $2,500 4965.38
0.25% 1.15x $1 4969.61
0.25% 1.15x $1 5047.26
0.25% 1.15x $1 4870.83
0.25% 1.15x $1,000 4901.87
0.25% 1.15x $10,000 5040.37
0.25% 1.15x $5 5035.21
0.25% 1.15x $1 5050.94
0.25% 1.15x $100 4935.93
0.25% 1.15x $1 5039.44
0.25% 1.15x $25,000 5088.99
0.25% 1.15x $1 5019.05
0.25% 1.15x $100 5001.75
0.25% 1.15x $100 4897.98
0.25% 1.15x $1 5037.47
0.25% 1.15x $10,000 4958.14
0.25% 1.15x $25 4866.91
0.25% 1.15x $10,000 5034.28
0.25% 1.15x $1 5046.96
0.25% 1.15x $10,000 4884.44
0.25% 1.15x $1 5097.29
0.25% 1.15x $1 5059.85
0.25% 1.15x $2,500 4830.01
0.25% 1.15x $1 4915.83
0.25% 1.15x $1 4825.85
0.25% 1.15x $10,000 4991.26
0.25% 1.15x $2,500 4981.84
0.25% 1.15x $25 4916.28
0.25% 1.15x $10 5000.16
0.25% 1.15x $100 4868.86
0.25% 1.15x $1,000 5014.25
0.25% 1.15x $1,000 5067.10
0.25% 1.15x $100 4918.71
0.20% 0.92x $25,001 4969.45
0.20% 0.92x $1,000 4943.76
0.20% 0.92x $1,000 4963.71
0.20% 0.92x $1 4997.21
0.20% 0.92x $25,000 4968.13
0.20% 0.92x $10,000 5046.39
0.20% 0.92x $1,000 5052.06
0.20% 0.92x $25,000 4901.89
0.20% 0.92x $1 5051.84
0.20% 0.92x $25,000 5046.69
0.20% 0.92x $1 4836.01
0.20% 0.92x $1 5022.19
0.20% 0.92x $24,999 5116.04
0.20% 0.92x $10,000 5051.46
0.20% 0.92x $25,000 5014.69
0.20% 0.92x $1 5088.99
0.20% 0.92x $10,000 5083.36
0.20% 0.92x $200 4980.55
0.20% 0.92x $100 5039.43
0.20% 0.92x $10,000 5063.03
0.20% 0.92x $100 5097.29
0.20% 0.92x $10,000 4933.47
0.20% 0.92x $1 5048.70
0.20% 0.92x $1,000 5049.07
0.20% 0.92x $50 0.00
0.20% 0.92x $1 4931.37
0.20% 0.92x $100 4952.49
0.20% 0.92x $10,000 4954.47
0.20% 0.92x $2,500 4991.26
0.20% 0.92x $200 4981.84
0.20% 0.92x $25,000 4972.30
0.20% 0.92x $25,000 5095.00
0.20% 0.92x $100 4916.28
0.20% 0.92x $5,000 5048.83
0.20% 0.92x $50 4934.62
0.20% 0.92x $100 4947.01
0.20% 0.92x $100 5067.10
0.19% 0.88x $25,000 5015.22
0.16% 0.74x $10,000 5093.52
0.15% 0.69x $1,001 4969.45
0.15% 0.69x $500 4884.26
0.15% 0.69x $1 4982.41
0.15% 0.69x $25,000 5082.70
0.15% 0.69x $1 4968.13
0.15% 0.69x $200 5076.37
0.15% 0.69x $100 5052.06
0.15% 0.69x $2,500 4886.15
0.15% 0.69x $5,000 5125.96
0.15% 0.69x $10,000 4901.89
0.15% 0.69x $25,000 4968.26
0.15% 0.69x $25,000 5026.36
0.15% 0.69x $10,000 4983.62
0.15% 0.69x $1 5046.69
0.15% 0.69x $25 5116.04
0.15% 0.69x $25,000 5104.18
0.15% 0.69x $100 5025.88
0.15% 0.69x $1,000 4927.31
0.15% 0.69x $1,000 5116.04
0.15% 0.69x $10,000 5098.03
0.15% 0.69x $2,500 5051.46
0.15% 0.69x $25,000 5069.24
0.15% 0.69x $2,500 5014.69
0.15% 0.69x $100 5088.99
0.15% 0.69x $1 5019.05
0.15% 0.69x $1 5035.43
0.15% 0.69x $10,001 4922.65
0.15% 0.69x $1,000 5034.28
0.15% 0.69x $2,500 4931.37
0.15% 0.69x $2,500 4895.78
0.15% 0.69x $2,500 4954.47
0.15% 0.69x $100 4952.29
0.15% 0.69x $100 5046.59
0.15% 0.69x $50 4992.80
0.15% 0.69x $100 4991.26
0.15% 0.69x $1 4972.30
0.15% 0.69x $10,000 5095.00
0.15% 0.69x $1 5044.96
0.15% 0.69x $100 5017.45
0.15% 0.69x $100 4923.18
0.15% 0.69x $1 5047.73
0.15% 0.69x $100 4868.86
0.14% 0.65x $1 5015.22
0.13% 0.60x $1,000 4884.44
0.13% 0.60x $25,000 5032.40
0.11% 0.51x $25,000 4981.59
0.10% 0.46x $100 4982.41
0.10% 0.46x $25,000 4935.79
0.10% 0.46x $50 4938.06
0.10% 0.46x $10,000 5082.70
0.10% 0.46x $1 5049.56
0.10% 0.46x $100 4945.44
0.10% 0.46x $1,000 5043.99
0.10% 0.46x $2,500 5046.39
0.10% 0.46x $50 4901.89
0.10% 0.46x $1 4968.26
0.10% 0.46x $100 5026.36
0.10% 0.46x $100 4983.62
0.10% 0.46x $1 5003.33
0.10% 0.46x $1,500 5104.18
0.10% 0.46x $25,000 4836.01
0.10% 0.46x $1 5037.03
0.10% 0.46x $50 4932.80
0.10% 0.46x $100 5116.04
0.10% 0.46x $500 5098.03
0.10% 0.46x $25,000 5096.25
0.10% 0.46x $1,000 5069.24
0.10% 0.46x $250 5043.67
0.10% 0.46x $25 5014.69
0.10% 0.46x $100 5093.52
0.10% 0.46x $2,500 5005.72
0.10% 0.46x $100 5035.43
0.10% 0.46x $100 4958.14
0.10% 0.46x $1 5039.43
0.10% 0.46x $2,500 4922.65
0.10% 0.46x $1 5034.28
0.10% 0.46x $100 4933.47
0.10% 0.46x $1,500 0.00
0.10% 0.46x $100 4870.77
0.10% 0.46x $50 5112.71
0.10% 0.46x $100 5032.40
0.10% 0.46x $100 4954.47
0.10% 0.46x $15,000 4952.29
0.10% 0.46x $2,500 4972.30
0.10% 0.46x $1 5095.00
0.10% 0.46x $50 5044.96
0.10% 0.46x $50 4911.56
0.10% 0.46x $1 5048.83
0.10% 0.46x $100 4983.48
0.10% 0.46x $1 5047.43
0.10% 0.46x $2,500 4947.01
0.10% 0.46x $100 5052.27
0.10% 0.46x $1 5039.88
0.09% 0.41x $10,000 5102.02
0.09% 0.41x $10,000 4981.59
0.08% 0.37x $2,500 4935.79
0.08% 0.37x $10,000 4995.92
0.08% 0.37x $100 5005.72
0.08% 0.37x $5,000 5032.40
0.08% 0.37x $25,000 5046.66
0.07% 0.32x $100 5102.02
0.07% 0.32x $1 5096.25
0.06% 0.28x $100 4995.92
0.05% 0.23x $300 4969.45
0.05% 0.23x $200 4935.79
0.05% 0.23x $100 4901.88
0.05% 0.23x $100 5082.70
0.05% 0.23x $1 5054.17
0.05% 0.23x $1 5049.56
0.05% 0.23x $100 5043.99
0.05% 0.23x $1 5051.84
0.05% 0.23x $100 4953.24
0.05% 0.23x $25,000 5031.85
0.05% 0.23x $2,500 5104.18
0.05% 0.23x $25,000 5035.26
0.05% 0.23x $1 4836.01
0.05% 0.23x $100 4927.31
0.05% 0.23x $1 5021.51
0.05% 0.23x $100 5096.25
0.05% 0.23x $2,500 5051.46
0.05% 0.23x $100 5069.24
0.05% 0.23x $1 5083.36
0.05% 0.23x $1 5015.22
0.05% 0.23x $50 4884.44
0.05% 0.23x $1,500 5032.40
0.05% 0.23x $25,000 5082.79
0.05% 0.23x $2,501 4835.98
0.05% 0.23x $1 4952.29
0.05% 0.23x $1 4876.87
0.05% 0.23x $50 4972.30
0.05% 0.23x $100 4945.50
0.05% 0.23x $500 5048.83
0.05% 0.23x $2,500 4983.48
0.05% 0.23x $100 5042.21
0.05% 0.23x $2,500 5046.66
0.05% 0.23x $1 5052.27
0.05% 0.23x $2,500 5051.64
0.03% 0.14x $2,500 5035.39
0.03% 0.14x $100 5035.26
0.03% 0.14x $250 5015.14
0.03% 0.14x $1 5021.51
0.03% 0.14x $1 4981.59
0.03% 0.14x $10,000 5082.79
0.03% 0.14x $1 4835.98
0.03% 0.14x $2,500 5051.64
0.02% 0.09x $10,000 4901.22
0.02% 0.09x $10,000 5031.85
0.02% 0.09x $15,000 5015.14
0.02% 0.09x $25,000 5120.85
0.02% 0.09x $2,500 5047.43
0.01% 0.05x $1 4901.22
0.01% 0.05x $1 5054.17
0.01% 0.05x $50 5046.39
0.01% 0.05x $1 5031.85
0.01% 0.05x $1,000 5035.26
0.01% 0.05x $5,000 5015.14
0.01% 0.05x $1 5120.85
0.01% 0.05x $1 5056.27
0.01% 0.05x $2,500 4981.59
0.01% 0.05x $200 4922.65
0.01% 0.05x $2,500 5063.03
0.01% 0.05x $1 5082.79
0.01% 0.05x $2,500 5046.66
0.01% 0.05x $2,500 5051.64
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