Many come from online-only banks. Let’s take a look at the best high interest checking accounts so you know you are making the right choice. Note: This list focuses on the account’s overall features, not just the highest interest rate. For that list please visit our best high-interest savings accounts list.

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1. High Interest Savings Accounts Credit Unions
2. High Interest Savings Account Calculator
3. High Interest Savings Account Canada

Here’s a list of the best high interest savings accounts. Get up to 5% APY with a rewards account or up to 2.5% on a basic account. We don’t receive any sort of commission for any of these, and ALL banks are included in this list.

Contents

• 1 Best Basic Savings Rates

Best Basic Savings Rates

Leaving money in a regular bank account will usually get you a terrible interest rate, currently close to 0%. With a little research, you can find accounts that offer competitive rates. These are all ordinary savings accounts and are FDIC insured up to $250,000. They do not have any requirements to earn these rates.

Here are the best options available, rated highest to lowest:

High Interest Savings Accounts Credit Unions

• Wealthfront – 2.57% APY cash account (our review)
• Northpointe – 2.55% APY savings ($25,000 minimum; our review)
• Vio Bank – 2.52% APY savings account ($100 minimum) (our review)
• Salem Five Direct – 2.51% APY Savings (our review)
• BBVA – 2.50% APY money market (also comes with $100 bonus – our review)
• WebBank – 2.50% APY savings ($1,000 minimum) (our review)
• Western State Bank – 2.50% APY money market (our review)
• Northern Bank – 2.50% APY money market ($5,000 minimum)
• Investors Bank – 2.50% money market (our review)
• Customers Bank – 2.50% APY savings account ($25,000 minimum)
• Banesco – 2.47% APY savings (minimum $300)
• Earn.bank – 2.46% APY money market ($10,000 minimum to waive fee) (our review)
• Memory Bank– 2.45% money market (our review)
• Comenity – 2.45% APY savings
• UFB Direct – 2.45% money market on balances $25,000 and higher
• Rising Bank – 2.40% savings account (pays monthly)
• All America Bank – 2.40% APY on balances up to $50,000 with money market checking (our review)
• Red Neck Bank – 2.40% APY money market on balances up to $50,000 (our review)
• TAB Bank – 2.40% savings (minimum $2,500 balance)
• MySavingsDirect – 2.40% APY savings (no minimum) (our review)
• Quontic Bank – 2.40% APY money market (minimum $100,000)
• CIBC – 2.39% savings (minimum $1,000)
• NASB – 2.38% APY savings account ($50,000 minimum; our review)
• Citibank – 2.36% APY savings (not available in all states) (our review)
• Popular Bank – 2.36% APY savings (minimum $5,000) (our review)
• VirtualBank – 2.36% APY eMoney Market Account (Guaranteed For 1 Year) (our review)
• PurePoint – 2.35% APY savings account (minimum $10,000)
• Bank7 – 2.35% APY savings & money market account (our review)
• PNC – 2.35% savings account [Our review]. Excludes states with branches
• HSBC Direct – 2.30% APY savings (comes with $100 bonus, currently)
• Live Oak Bank – 2.30% APY savings
• Northpointe – 2.30% APY money market, guaranteed for 24 months (minimum $25,000) (our review)
• Sallie Mae – 2.30% APY money market
• CIT Bank – 2.30% APY savings account (requires minimum $25,000 or $100 monthly deposits) (our review)
• Personal Capital – 2.30% APY cash account (our review)
• MutualOne Bank – 2.27% APY savings
• SFGI – 2.27% savings
• SoFi – 2.25% checking/savings account (our review)
• Synchrony – 2.25% APY
• USAlliance CU – 2.25% savings (note: $5 withdrawal fee)
• Northfield Bank – 2.25% APY platinum savings, max $100,000 (our review) (still accepting new applicants?)
• Customers Bank – 2.25% APY savings account (minimum $25,000, no max)
• FNBO Direct – 2.25% APY savings
• My ebanc – 2.25% APY money market (minimum $100,000)
• BankPurely – 2.25% APY money market (minimum $25,000)
• iGoBanking – 2.25% money market (minimum $25,000)
• YieldStreet – 2.20% APY savings
• CitizensAccess – 2.2% APY savings (minimum $5,000)
• Marcus by Goldman Sachs – 2.15% APY savings
• Empower Banking – 2.15% APY savings (our review)
• Ally – 2.10% APY
• Barclays – 2.10% APY
• Discover – 2.10% APY savings (2.15% option here) [our review]
• E*Trade Bank – 2.10% premium savings (minimum $1,000 to avoid fee)
• American Express – 2.10% APY savings account
• Sallie Mae – 2.10% APY savings
• Varo – 2.12 APY savings
• Alliant Credit Union– 2.10% APY
• Radius Bank – 2.05% APY savings (minimum $25,000)
• Bank5 Connect – 2.05% APY savings
• Simple – 2.02% APY savings ($2,000 minimum)
• Capital One 360 – 2.00% APY Money market (minimum $10,000)
• PenFed – 2.00% APY premium savings
• BBVA Compass – 2.00% APY money market
• MidFirst Direct – 2.00% APY savings
• Memory Bank – 1.60% APY checking (this is the only high-interest checking option)
• Capital One 360 – 1.00% APY savings

Other Basic Options

• Marcus by Goldman Sachs – 2.35% 13-month no penalty CD ($500 minimum)
• Ally – 2.30% no penalty 11-month CD ($25,000 minimum) (our review)
• My ebanc – 2.30% 11-month no-penalty CD ($10,000 minimum); 2.40% rate for $100k+
• Susquehanna Community Bank – 2.53% APY premium savings account; 3.00% introductory rate ($100,000 minimum; see our review)

• [CA, CT, GA, ME, MD, MA, NJ, NY, PA, RI, TX, VA, WA] Unitedbank – 2.50% APY money market (our review)
• [AR, IA, KS, MN, MO, NE, OK, TX] Great Southern Bank – 2.48% APY money market (our review)
• CommunityWide – 2.10% APY savings (note: funds are locked in for 3 months at a time)
• [NY/NJ] Northfield Bank – 2.25% on their Platinum savings online account [$2,500 – $100k]

• Government inflation bonds (not FDIC insured) are currently offering 1.9%, you’re limiting to purchasing $10,000 annually.

All of these rates will fluctuate over time, and we’re constantly updating this list. There is an advantage to a bank who has a proven track record of giving good interest rates since some of the top rates might be ‘bait-and-switch’ soon to be lowered. Banks like Ally, Alliant, Discover, American Express and some others have been known to offer competitive interest rates for many years. Their rates will also fluctuate but will likely always be a good rate.

Another thing to keep in mind is that while most banks automatically increase your rate as interest rates increase, some don’t. We wrote data points on which do and which don’t here. Keep that in mind when choosing a bank.

Most of these are savings accounts, though there is the SoFi account with check-writing capabilities with a nice interest rate, and the Memory Bank checking account with an okay interest rate. We wrote about these and additional options for getting a high yield on your checking account in this post.

Best CD Rates

Nationwide CD Offers:

• Quontic Bank 2.85% 12-month CD ($1,000 minimum)
• Maple Bank 2.85% 12-month CD ($25,000 minimum)
• Merrick Bank 2.71% 12-month CD ($25,000 minimum)
• Virtualbank 2.55% 12-month CD ($10,000 minimum)
• Popular Direct 2.45% 12-month CD ($10,000 minimum)

Other CD Offers:

• American Heritage CU 4% 4-month CD on up to $2,000 (join with donation)

Best Business Savings Rates

• Merrill Lynch Preferred Deposit – 2.07% APY. Initial deposit must be $100,000, after that there is no minimum balance requirement. Maximum deposit is $500 million.
• Capital One 360 – 2.00% business savings (12 months only; max $1M). They also charge a cash deposit fee of $2 per $1,000 if you deposit $5,000 or more per month in cash.
• Community Bank of Pleasant Hill – 1.89% business money management account
• NBKC Bank – 1.51% business money market
• Customers Bank – 1.50% APY business checking [there might be geographic limitations]
• Usalliance – rate varies from .75% to 2.25% depending on deposit amount (note: $5 withdrawal fee)
• Axos Bank – 1.06% business premium savings
• Live Oak Bank – 1.05% business savings
• Axos Bank – .80% APY business checking
• [OH] First Federal Lakewood – 2.68% APY money market for one year

Mega High-Interest (Nationwide)

Aside from basic accounts offering competitive interest rates, there are ultra high-yield options which are more involved and take time and patience to deal with. Bear in mind, all of the best options have velocity limits, sometimes it’s $5k, $10k, $15k, or $20k. You’ll never be netting more than $1,000 in annual interest from any of these accounts, and it’s usually much less than that. Someone who is impatient or doesn’t have spare time would best use a standard high-interest savings account options and forget about the velocity-limited accounts.

Below you’ll find all mega high interest accounts which are available nationwide, and in the next segment we list the regional options.

More Restrictive Options:

Mega High-Interest (Regional)

Below are the regional accounts we’ve reviewed on the site. There are many more as well.

• [LA] La Capitol Federal Credit Union 4.25% On Balances Up To $5,000 – Direct Deposit Not Required
• [NV] Greater Nevada Credit Union – Aspire Checking 4% APY On Balances Up To $50,000
• [AL] Guardian Credit Union 4% APY On Balances Up To $30,000 Ultimate Checking Account
• [LA ] Bank of Ruston: Priority Checking Account 4% APY On Balances Up To $15,000
• [NH,ME] Northeast Credit Union 4% Checking on up to $15,000
• [Iowa, Nebraska, Minnesota, South Dakota] Iowa State Bank 3.25% APY on up to $25k
• [MO, AR, OK, KS, IA, NE, IL, KY, TN]: Old Missouri Bank 3.01% APY Rewards Checking Account On Balances Up To $25,000
• [MO] Ozark Bank 5% APY Checking on Balances up to $10,000
• [MD, DE] Destinations Credit Union: 3% Reward Checking Account, Up to $10,000
• [Wisconsin, Illinois]: Landmark Credit Union 7.50% APY High Rate – Balances Of Up To $500
• In Indiana, Michigan, Ohio, Illinois, Wisconsin: New Buffalo Savings Bank: 2.27% APY On Balances Up To $35,000 & $50 Amazon Giftcard
• [VA, NC] Beacon Credit Union 5.05% APY On Balances Up To $2,500
• [WY & NE] Meridian Trust Federal Credit Union 4% APY On Balances Up To $15,000
• [IL, IA only] South East National Bank 3% APY On Balances Up o $10,000
• [AR & MS only] First Financial Bank 4.07% APY on Balances Up To $15,000 – Direct Deposit Not Required
• [KS] State Security Bank 3% APY On Balances Up To $10,000 – Direct Deposit Not Required
• [El Paso, TX only] Evolve FCU Rewards ePriority Checking Account – 5.12% APY On Balances Up To $10,000
• [VA only?] MainStreet Bank – 3% APY Rewards Checking – Direct Deposit Not Required
• [Parts of AZ, CA] Meriwest Credit Union 3.50% savings account on up to $5k [must be opened within 30 days of joining]
• [Parts of NY] Solvay Bank 4% APY Checking on Balances up to $15,000
• [NY/NJ] Kearny Bank 3.05% APY On Balances Up To $25,000 – Direct Deposit Not Required
• [MO, IL only] Scott Credit Union – Up To 4.05% APY On Balances Up To $25,000
• [MN, PA & MI] Genisys Credit Union 4.06% APY High Yield Checking Account – Up To $7,500
• [TX, NV, VA, MI] InTouch Credit Union High Yield Checking Account – 4.59% APY On Balances Up To $30,000
• [TX, MS, & LA] Origin Bank Performance Checking: 4% APY On Balances Up To $40,000 – Direct Deposit Not Required

High Interest Savings Account Calculator

• In Nevada: [NV only] Greater Nevada Credit Union – Aspire Checking 4% APY On Balances Up To $50,000
• In parts of Georgia: MidSouth FCU 5% APY Checking Account on up to $10,000
• In Iowa Premier Bank 5% APY Checking on Balances up to $5,000
• In Minnesota: St Paul Federal Credit Union 4.99% On Balances Up To $20,000
• In Illinois: Hometown Community Banks 5.01% APY Checking Account (10 Debit Card Transactions Required)
• Parts of Illinois: Crossroads Bank 5.05% APY checking on up to $15,000
• In Louisiana: Gibsland Bank 4.11% APY on up to $15,000
• In Missouri: Legacy Bank & Trust i-Profit 4% APY on Up To $10,000
• In Wyoming: WyHy FCU 4% APY SmartReturns Checking Account On Balances Up To $15,000 – Direct Deposit Not Required
• In California: Patelco Reverse Tiered Money Market Account – Up To 3% APY
• In Ohio: Bridge Credit Union 10% APY Account On Balances Up To $1,500 (Lots Of Monthly Requirements)
• In Nebraska: Liberty First Credit Union 3% APY On Balances Up To $30,000

• In Michigan: Financial Plus Credit Union 4.15% APY On Balances Up To $10,000
• In Michigan: Chief Financial Credit Union 5% APY – No Direct Deposit Required
• In Michigan: Adventure Credit Union – 4% APY On Balances Up To $10,000
• In Michigan: Kellogg Community Credit Union 4% APY Checking Account On Balances Up To $15,000
• In Michigan: Honor Credit Union 2.5% APY Benefits Checking Account On Balances Up To $10,000
• In Michigan: AAA High-Yield Checking – 2.85% On Balances Up To $10,000

• In Massachusetts: 2.75% on balances up to $25,000
• In Massachusetts: Alden Credit Union 5.125% APY Rewards Checking Account, up to $5,000
• In Massachusetts: Randolph Savings Bank Apex Checking 2.75% APY On Balances Up To $25,000
• In South Dakota: Reliabank Ultimate Checking – 4.01% APY On Balances Up To $25,000 – Direct Deposit Not Required
• In Washington: O Bee Credit Union 7.52% APY On Balances Up To $500
• In Washington: STCU 5.09% APY on balances up to $500 with no requirements
• In Washington: Inspirus 8.00% APY on $500 in Savings and Checking – $1000 total
• In Washington: BECU 4.07% APY on balances up to $500 and 4% on savings balances up to $500

High Interest Savings Account Canada