Save money and be informed. CreditDonkey is a credit card comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Savings


Compare Savings

CIT Bank

  • Savings: Savings Builder up to 0.40% APY with $25,000+ balance or $100 monthly deposit.
Pros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing

Our Review: StarStarStarStarHalf Star (4.5) CIT Bank offers a high interest rate. But how reliable is this online bank? Read this review to find out if what you heard is true... Read full review

CIT Bank Money Market Account - 0.45% APY

HSBC Bank

  • Savings: HSBC Direct Savings: 0.15% APY. $1 minimum opening deposit and no monthly service fee. Deposit checks easily by taking a picture with your phone using HSBC Mobile Banking.
  • ATMs: Any HSBC ATMs in the U.S.; HSBC ATMs abroad may incur additional fees and foreign conversion rates.
Pros:
  • Global presence
  • High online savings APY
Cons:
  • Not in every state

Our Review: StarStarStarStarHalf Star (4.3) HSBC Bank offers a full array of services for different needs, including a high-yield online savings and several checking options. But there are downsides. Read on for the pros and cons... Read full review

HSBC $200 Advance Checking Bonus

Discover Bank

  • Savings: 0.40% APY
  • ATMs: Over 60,000 no-fee ATMs
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs

Our Review: StarStarStarStarHalf Star (4.6) Discover offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account... Read full review

Online Savings Account - Earn 0.40% APY

Digit

  • Savings: Yes
Pros:
  • No minimum balance
  • Save without thinking
  • 1% annual savings bonus
Cons:
  • High monthly fee
  • No phone support
  • Not for long term savings

Our Review: StarStarStarHalf StarEmpty Star (3.3) Digit automatically builds a savings fund for you by withdrawing small, affordable amounts. But it's not perfect. Is it worth the fee? Let's find out... Read full review

30 Days for Free

Qapital

  • Savings: Yes
Pros:
  • No minimum balance
  • Rules-triggered savings
Cons:
  • No interest
  • Only available on a smartphone
  • No phone support

Our Review: StarStarStarStarEmpty Star (4.0) Qapital "forces" you to save by rounding up your purchases or following rules you've chosen. So can this mobile app for beginning savers help you? Read on to find out... Read full review

Rize

  • Savings: Yes

Axos Bank

  • Savings: 0.61% APY. No minimum opening deposit. No monthly maintenance fee. Daily Compounding Interest.

StarStarStarStarEmpty Star (4.0) Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account... Read full review

Rewards Checking - Up to 1.25% APY

TD Bank

  • Savings: 0.05% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.
  • ATMs: Approximately 1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida
Pros:
  • Extended banking hours
  • Low requirements to waive monthly fees
  • No foreign transaction fees
Cons:
  • No free checking
  • Low APY
  • Only on East Coast

Our Review: StarStarStarStarEmpty Star (3.9) TD Bank offers extended customer hours and easy online banking. Are these perks worth it? Find out what makes TD Bank a great choice for you and some reasons to look elsewhere... Read full review

TD $300 Beyond Checking Bonus

Ally Bank

  • Savings: 0.50% APY
  • ATMs: Over 43,000 no-fee Allpoint ATMs
Pros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers

Our Review: StarStarStarStarHalf Star (4.4) Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here... Read full review

Online Savings Account - 0.50% APY

Synchrony Bank

  • Savings: 0.50% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle
  • ATMs: Any ATMs with Plus or Accel logos
Pros:
  • Savings with ATM card
  • High APY
  • All balance tiers receive same rate
Cons:
  • No checking account
  • $2,000 minimum deposit for CDs
  • Limited customer service hours

Our Review: StarStarStarStarHalf Star (4.3) Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account... Read full review

High Yield Savings - 0.50% APY

Marcus by Goldman Sachs

  • Savings: 0.50% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.
  • ATMs: None

Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons... Read full review

Marcus Online Savings - Earn 0.50% APY

Capital One

  • Savings: 0.40% APY
  • ATMs: Over 40,000 no-fee Capital One & Allpoint ATMs
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks

Our Review: StarStarStarStarHalf Star (4.3) Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you... Read full review

360 Checking Account

UFB Direct

  • Savings: 0.20% APY for balances of $10,000 and above.

UFB High Yield Savings - Earn up to 0.20% APY

Citibank

  • Savings: 0.04% - 0.15% APY. No minimum deposit. $4.50 monthly fee unless you maintain an average monthly balance of $500.
  • ATMs: 2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs.
Pros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY

Our Review: StarStarStarHalf StarEmpty Star (3.5) Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Read this review to find out... Read full review

Citi Accelerate Savings Account - 0.50% APY

Charles Schwab Bank

  • Savings: 0.05% APY
  • ATMs: Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.
Pros:
  • No account minimum
  • No service fees
  • Refund all ATM fees
Cons:
  • Only checking or savings
  • Must do banking online

Our Review: StarStarStarStarEmpty Star (4.1) Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons... Read full review

High Yield Investor Checking – Unlimited ATM Rebates

Santander Bank

  • Savings: 0.03% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account.
  • ATMs: Over 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locations
Pros:
  • Easy to waive monthly fees
  • High APY for CDs
  • Free student checking
Cons:
  • Low interest for Premier Plus Checking

Our Review: StarStarStarStarEmpty Star (3.8) If you're in the Northeast, Santander Bank offers solid basic checking and savings options, as well as competitive rates for CDs. Read on to see if it fits your needs... Read full review

Individual Retirement Account (IRA) - $1,000 Bonus

M&T Bank

  • Savings: 0.01% - 0.02% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account
  • ATMs: More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia.
Pros:
  • Free checking option
  • High APY for Promo CD
  • Free savings with checking
Cons:
  • Fee heavy
  • Subpar savings APY
  • Limited branches

Our Review: StarStarStarHalf StarEmpty Star (3.4) If you are on the upper East Coast, you probably see M&T Bank frequently. With a free checking option and a range of deposit accounts, does it meet your needs?... Read full review

Personal Checking Account - Up to $250 Bonus

Citizens Bank

  • Savings: Several types of Savings accounts. 0.01% - 0.02% APY. No minimum opening deposit. $4.99 monthly maintenance fee, unless you have a minimum daily balance of $200 in your account, or have a qualifying Citizens Bank checkings account.
  • ATMs: More than 3100 ATMs across 11 states.
Pros:
  • One Deposit Checking
  • GoalTrack Savings
  • 24/7 customer service
Cons:
  • Low APY
  • Heavy overdraft fees
  • Limited branches

Our Review: StarStarStarStarEmpty Star (3.8) Are you looking for a bank that will not only keep your money, but also help push you to meet your financial goals? If so, you may want to consider Citizens Bank... Read full review

Personal Checking Account - $300 Bonus

Huntington Bank

  • Savings: 0.02% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50.
  • ATMs: Over 1,800 ATMs
Pros:
  • Free checking option
  • 24-hr grace for overdrafts
  • All day deposit
  • 24-hr customer service
Cons:
  • Limited branches
  • Low savings APY

Our Review: StarStarStarStarEmpty Star (3.9) Huntington Bank provides great accounts benefits like free Overdraft Protection Transfers and 24/7 customer service. Read on to see if this bank is right for you... Read full review

Huntington 25 Checking Account - $300 Bonus

Bank of America

  • Savings: 0.01% APY (up to 0.05% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100.
  • ATMs: Over 16,000 ATMs around the country.
Pros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees

Our Review: StarStarStarEmpty StarEmpty Star (3.2) Bank of America offers a nationwide network, many account options, and user-friendly online banking. But does this convenience come at a cost? Read on... Read full review

Advantage Plus Banking Checking Account - $100 Bonus

US Bank

  • Savings: 0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance.
  • ATMs: More than 4,700 ATMs across the country
Pros:
  • Promo CD with high APY
  • Free student account
  • 24/7 customer service
Cons:
  • High minimums to waive fees
  • Low savings APY

Our Review: StarStarStarHalf StarEmpty Star (3.7) U.S. Bank is the country's fifth largest bank, but does that make them a bank that will suit your banking needs? Do you need one of the country's largest banks or is a smaller bank more your style?... Read full review

Personal Checking Account - $100 Bonus

PNC Bank

  • Savings: 0.01% APY (0.02% APY - 0.03% APY Relationship rates). Minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account.
  • ATMs: 15,000 ATMs across 37 states and the District of Columbia.
Pros:
  • Virtual Wallet tools
  • Relatively easy to waive fees
  • Free student account
Cons:
  • Limited branches
  • Low APY

Our Review: StarStarStarHalf StarEmpty Star (3.5) PNC Bank has relatively low requirements to waive fees and offers many financial tools to help you meet savings goals. Read on to see if this East Coast bank is right for you... Read full review

High Yield Savings Account - 0.40% APY

Fifth Third Bank

  • Savings: 0.01% APY. No minimum deposit. $5 per month unless 1) you have a Fifth Third Checking Account, or 2) You maintain an average monthly balance of $500 or more, or 3) You or someone under age 18 is an owner of the account, 4) You are enrolled in Fifth Third Military Banking.
  • ATMs: Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
Pros:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
Cons:
  • Higher balance requirements
  • Low savings APY
  • Limited branches

Our Review: StarStarStarHalf StarEmpty Star (3.3) Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you... Read full review

Fifth Third Checking Account - Up to $250 Bonus

Regions Bank

  • Savings: Two types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee.
  • ATMs: More than 2200 ATMs in 16 Southern and Midwestern US states.
Pros:
  • $50 to open checking account
  • Relationship Rewards program
  • LifeGreen Savings annual bonus
Cons:
  • No free checking option
  • Limited branches
  • Low savings APY

Our Review: StarStarStarHalf StarEmpty Star (3.4) Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you... Read full review

LifeGreen Savings Account – Up to $100 Annual Savings Bonus

Wells Fargo

  • Savings: 0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.
  • ATMs: More than 13,000 ATMs across the country.

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options... Read full review

SunTrust Bank

  • Savings: 0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.
  • ATMs: More than 2160 ATMs across 11 southeastern states and Washington DC.
Pros:
  • High APY for CDs
  • Free student account
  • Good customer service
Cons:
  • No free checking option
  • Low savings APY
  • Limited branches

Our Review: StarStarStarHalf StarEmpty Star (3.7) If customer service ranks high on your list, SunTrust Bank may be one you want to check out. While they offer interest rates comparable to most "big banks," they do offer that warm, fuzzy feeling some people look for in a bank... Read full review

Personal Checking and Savings Account - $1,000 Bonus

KeyBank

  • Savings: 0.01% APY. $10 minimum opening deposit. $4 monthly maintenance fee unless you 1) have $300 daily balance, or have 2) $5 monthly minimum direct deposit or recurring transfer from another Key account, or 3) have a HelloWallet Financial Wellness Score of at least 1.
  • ATMs: More than 1,500 ATMs in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.
Pros:
  • HelloWallet financial tools
  • Free checking option
  • 24/7 customer service
Cons:
  • Limited branches
  • High account fees

Our Review: StarStarStarHalf StarEmpty Star (3.3) Are you looking for a no-frills checking account or maybe a bank that offers relationship banking services/interest rates? You may have found your fit with KeyBank... Read full review

Referral Program - Up to $500 Bonus

TCF Bank

  • Savings: 0.01% APY. Minimum deposit of $25 - $50, depending on account. May have monthly maintenance fee of $0 - $10, depending on account. Can be waived with minimum balance of $100 or $1000, depending on account.
  • ATMs: 836 ATMs across Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, and South Dakota.

TCF is a Midwestern bank with almost 400 branches throughout the Midwest area. TCF offers a wide array of banking products for personal and business use, but their ATM network may be narrower than others... Read full review

Acorns

  • Savings: No
Pros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options

Our Review: StarStarStarHalf StarEmpty Star (3.7) Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit... Read full review

$10 Sign-Up Bonus

Chase

  • Savings: Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
    Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
  • ATMs: 16,000 Chase ATMs
Pros:
  • More than 4,700 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states

Our Review: StarStarStarStarEmpty Star (4.1) Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you... Read full review

Chase Bank $200 Bonus

Associated Bank

Pros:
  • Wide ATM network
  • 24/7 customer service
  • Special Term CD with high APY
Cons:
  • No free checking option
  • High account fees
  • Limited branches

Our Review: StarStarStarHalf StarEmpty Star (3.6) If you live in the Midwest, you've likely heard of Associated Bank. Its account offerings are basic with higher fees, but is it a good fit for you? Read on... Read full review

Badgers - $200 Bonus

Betterment

Pros:
  • No minimum investment
  • Many customized portfolios
  • Automatically invest extra funds
Cons:
  • Limited investment options
  • High fees for large investors

Our Review: StarStarStarStarEmpty Star (4.1) Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better... Read full review

Get 1 Month Managed Free

Varo Bank

  • Savings: 0.40% APY on all balances. Opportunity to earn 2.80% APY if your daily savings balance does not exceed $10,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
  • ATMs: Over 55,000 fee-free AllPoint ATMs

Online Savings Account


Articles on Savings

Best High Yield Savings Accounts

Best High Yield Savings Accounts

Make your money work harder for you in a high-yield savings account. Here are the top savings accounts to grow your money.

You might also be interested in

CIT Bank Savings Connect vs Savings Builder

CIT Bank Savings Connect vs Savings Builder

CIT Bank has even more ways to save now. Savings Connect and Savings Builder both offer competitive rates. Find out bank account is best for you.

Next Page:

About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
© 2021 CreditDonkey Inc. All Rights Reserved.