Savings & Money Market Rates 2025

FDIC Insured up to $250,000  •  National rate is 0.06%  •  January 15th, 2025

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Other Banks
Rates as of January 15th, 2025
Banks & Reviews APY Rate Min to Earn APY
Banc of California NA (MMA $10k) 0.01% 0.01% $2,500
Tri Counties Bank (MMA) 0.01% 0.01% $0
chase (Savings) 0.01% 0.01% $0
First Technology Credit Union (Savings) 0.01% 0.01% $5
USAA iCrossing ED (Savings) 0.01% 0.01% $0
US Bank (Savings) 0.01% 0.01% $0
Wells Fargo Bank (Savings) 0.01% 0.01% $0
US Bank (Savings) 0.01% 0.01% $0
BMO Bank N.A. (Savings) 0.01% 0.01% $0
Union Bank (Savings) 0.01% 0.01% $0
City National Bank (Savings) 0.01% 0.01% $50
US Bank (MMA) 0.01% 0.01% $0
US Bank (MMA) 0.01% 0.01% $0
Bank of America NA (Savings) 0.01% 0.01% $0
The Park National Bank (Savings) 0.01% 0.01% $0
Bank of Hope (Savings) 0.01% 0.01% $0
Provident Savings Bank FSB (MMA) 0.01% 0.01% $2,500
Banc of California NA (MMA) 0.01% 0.01% $2,500
Bank of Hope (MMA) 0.01% 0.01% $0
Tri Counties Bank (MMA $10k) 0.01% 0.01% $0
US Bank (MMA $10k) 0.01% 0.01% $0
US Bank (MMA $10k) 0.01% 0.01% $0
Applied Bank (MMA) 0.02% 0.02% $0
Mechanics Bank CA (MMA) 0.02% 0.02% $100
Comerica Bank (MMA) 0.02% 0.02% $1
Citizens Business Bank (MMA) 0.02% 0.02% $0
Mechanics Bank CA (MMA $10k) 0.02% 0.02% $100
Comerica Bank (MMA $10k) 0.02% 0.02% $1
Westamerica Bank (MMA) 0.03% 0.03% $0
Farmers and Merchants Bank of Long Beach (MMA) 0.03% 0.03% $0
citibank (Savings) 0.03% 0.03% $0
Armed Forces Bank (Savings) 0.03% 0.03% $25
El Dorado Savings Bank (MMA) 0.03% 0.03% $0
Provident Savings Bank FSB (MMA $10k) 0.03% 0.03% $2,500
El Dorado Savings Bank (MMA $10k) 0.03% 0.03% $0
Universal Bank (Savings) 0.04% 0.04% $0
Luana Savings Bank (Savings) 0.05% 0.05% $0
First Citizens Bank (MMA) 0.05% 0.05% $0
San Diego County CU - editorial (Savings) 0.05% 0.05% $0
The Golden 1 CU (MMA) 0.05% 0.05% $0
OneUnited Bank (MMA) 0.05% 0.05% $500
Malaga Bank FSB (MMA) 0.05% 0.05% $0
Malaga Bank FSB (Savings) 0.05% 0.05% $0
United Fidelity Bank fsb (Savings) 0.05% 0.05% $0
Oak Valley Community Bank (Savings) 0.05% 0.05% $0
Wells Fargo Bank (MMA) 0.05% 0.05% $0
Fremont Bank (MMA) 0.05% 0.05% $0
Applied Bank (Savings) 0.05% 0.05% $0
Pacific Premier Bank (MMA) 0.05% 0.05% $0
Oak Valley Community Bank (MMA) 0.05% 0.05% $0
Washington Savings Bank (Savings) 0.05% 0.05% $0
The Golden 1 CU (Savings) 0.05% 0.05% $0
Montecito Bank and Trust (MMA) 0.05% 0.05% $0
America First FCU (Savings) 0.05% 0.05% $1
FirstBank (MMA) 0.05% 0.05% $0
The Park National Bank (MMA) 0.05% 0.05% $0
Citizens Trust Bank (Savings) 0.05% 0.05% $100
Farmers and Merchants Bank of Central California (MMA) 0.05% 0.05% $0
Montecito Bank and Trust (MMA $10k) 0.05% 0.05% $0
Bank of Marin (MMA) 0.05% 0.05% $0
San Diego County CU - editorial (MMA $10k) 0.05% 0.05% $0
Bank of Marin (MMA $10k) 0.05% 0.05% $0
Farmers and Merchants Bank of Central California (MMA $10k) 0.05% 0.05% $0
Malaga Bank FSB (MMA $10k) 0.05% 0.05% $0
Wells Fargo Bank (MMA $10k) 0.05% 0.05% $0
Pacific Premier Bank (MMA $10k) 0.05% 0.05% $0
Cathay Bank (MMA $10k) 0.05% 0.05% $0
FirstBank (MMA $10k) 0.05% 0.05% $0
Citizens Business Bank (MMA $10k) 0.05% 0.05% $0
Farmers and Merchants Bank of Long Beach (MMA $10k) 0.05% 0.05% $0
HCN Bank (MMA) 0.05% 0.05% $0
Universal Bank (MMA) 0.05% 0.05% $0
Fremont Bank (MMA $10k) 0.05% 0.05% $0
United Fidelity Bank fsb (MMA) 0.05% 0.05% $0
Washington Savings Bank (MMA) 0.05% 0.05% $0
Cathay Bank (MMA) 0.05% 0.05% $0
San Diego County CU - editorial (MMA) 0.05% 0.05% $0
First Citizens Bank (MMA $10k) 0.05% 0.05% $0
Westamerica Bank (MMA $10k) 0.06% 0.06% $0
Bethpage Federal Credit Union (Savings) 0.10% 0.10% $0
Gateway Bank FSB (Savings) 0.10% 0.10% $0
Schools First Federal Credit Union (Savings) 0.10% 0.10% $0
First Citizens Bank (Savings) 0.10% 0.10% $0
Global Credit Union (Savings) 0.10% 0.10% $50
First Federal Savings and Loan Association of San Rafael (Savings) 0.10% 0.10% $0
Sterling Bank and Trust FSB (Savings) 0.10% 0.10% $0
Connexus Credit Union (Savings) 0.10% 0.10% $100
Oak Valley Community Bank (savings_jumbo 100) 0.10% 0.10% $0
Citizens Trust Bank (MMA) 0.10% 0.10% $1,000
Bethpage Federal Credit Union (Savings $10k) 0.10% 0.10% $0
United Fidelity Bank fsb (MMA $10k) 0.10% 0.10% $0
First Foundation Bank (MMA $10k) 0.10% 0.10% $500
HCN Bank (MMA $10k) 0.10% 0.10% $0
Universal Bank (MMA $10k) 0.10% 0.10% $0
Bethpage Federal Credit Union (Savings $25k) 0.10% 0.10% $0
First Foundation Bank (MMA) 0.10% 0.10% $500
Sterling Bank and Trust FSB (MMA $10k) 0.15% 0.15% $0
Presidential Bank FSB (MMA) 0.15% 0.15% $1,000
Sterling Bank and Trust FSB (MMA) 0.15% 0.15% $0
CIBC Bank USA (MMA) 0.15% 0.15% $0
Charles Schwab Bank (savings_jumbo 0) 0.15% 0.15% $0
Charles Schwab Bank (Savings) 0.15% 0.15% $0
Global Credit Union (MMA) 0.20% 0.20% $5,000
First Northern Bank of Dixon (MMA) 0.20% 0.20% $2,500
Bethpage Federal Credit Union (MMA) 0.20% 0.20% $0
Bethpage Federal Credit Union (MMA $10k) 0.20% 0.20% $0
Bethpage Federal Credit Union (MMA $25k) 0.20% 0.20% $0
TABBank (MMA) 0.25% 0.25% $0
First Technology Credit Union (MMA) 0.25% 0.25% $25
First Horizon Bank (Savings) 0.25% 0.25% $0
Do not use (Savings) 0.25% 0.25% $100
Lone Star Bank (MMA) 0.25% 0.25% $0
WebBank (Savings) 0.25% 0.25% $1,000
AxosBank (MMA) 0.25% 0.25% $0
Connexus Credit Union (MMA) 0.25% 0.25% $1,000
Do not use (MMA) 0.25% 0.25% $2,500
First Horizon Bank (Savings $10k) 0.25% 0.25% $0
CIBC Bank USA (MMA $10k) 0.25% 0.25% $0
WebBank (Savings $10k) 0.25% 0.25% $1,000
AxosBank (MMA $10k) 0.25% 0.25% $0
Global Credit Union (MMA $10k) 0.25% 0.25% $5,000
First Technology Credit Union (MMA $10k) 0.25% 0.25% $25
First Horizon Bank (Savings $25k) 0.25% 0.25% $0
Royal Business Bank (MMA) 0.30% 0.30% $2,500
Lone Star Bank (Savings) 0.30% 0.30% $0
First Horizon Bank (MMA $25k) 0.35% 0.35% $0
Do not use (MMA $10k) 0.35% 0.34% $5,000
First Horizon Bank (MMA $10k) 0.35% 0.35% $0
First Horizon Bank (MMA) 0.35% 0.35% $0
BECU (Savings) 0.35% 0.35% $0
River Valley Community Bank (MMA) 0.38% 0.38% $1,000
First Northern Bank of Dixon (MMA $10k) 0.40% 0.40% $2,500
FinWise Bank (Savings) 0.40% 0.40% $0
OneUnited Bank (Savings) 0.40% 0.40% $200
GTEFinancial (MMA) 0.40% 0.40% $0
Royal Business Bank (MMA $10k) 0.45% 0.45% $10,000
River Valley Community Bank (MMA $10k) 0.47% 0.47% $1,000
BECU (MMA) 0.50% 0.50% $0
City National Bank (MMA $10k) 0.50% 0.50% $2,500
City National Bank (MMA) 0.50% 0.50% $2,500
5 Star Bank (MMA) 0.50% 0.50% $1,000
Redwood Capital Bank (MMA) 0.50% 0.50% $0
Presidential Bank FSB (Savings) 0.50% 0.50% $500
AxosBank (Savings) 0.61% 0.61% $0
GTEFinancial (MMA $10k) 0.65% 0.65% $10,000
FinWise Bank (MMA) 0.65% 0.65% $0
Amalgamated Bank (MMA) 0.65% 0.65% $0
Amalgamated Bank (MMA $10k) 0.65% 0.65% $0
Schools First Federal Credit Union (MMA) 0.75% 0.75% $0
Bank of Stockton (MMA $10k) 0.75% 0.75% $100
Redwood Capital Bank (MMA $10k) 0.75% 0.75% $0
Bank of Stockton (MMA) 0.75% 0.75% $100
GTEFinancial (Savings) 0.75% 0.75% $100
BMO Bank N.A. (MMA $10k) 0.80% 0.80% $0
BMO Bank N.A. (MMA) 0.80% 0.80% $0
First Internet Bank of Indiana (Savings) 0.81% 0.80% $0
Armed Forces Bank (MMA) 1.00% 1.00% $25
Goldwater Bank (MMA) 1.00% 1.00% $0
America First FCU (MMA) 1.00% 1.00% $1
EverBank (MMA) 1.00% 0.99% $0
Goldwater Bank (Savings) 1.00% 1.00% $0
The Golden 1 CU (MMA $10k) 1.00% 1.00% $0
KS StateBank (MMA) 1.00% 1.00% $0
Santa Cruz County Bank (MMA) 1.00% 1.00% $5,000
KS StateBank (MMA $10k) 1.00% 1.00% $0
Santa Cruz County Bank (MMA $10k) 1.00% 1.00% $5,000
Gateway Bank FSB (MMA $10k) 1.10% 1.09% $0
Gateway Bank FSB (MMA) 1.10% 1.09% $0
VioBank (Savings) 1.10% 1.09% $100
5 Star Bank (Savings) 1.13% 1.12% $0
BECU (MMA $10k) 1.26% 1.25% $0
America First FCU (MMA $10k) 1.30% 1.29% $10,000
BanescoUSA (Savings) 1.35% 1.34% $300
Amalgamated Bank (Savings) 1.41% 1.40% $0
BankFive (Savings) 1.50% 1.49% $100
BankPurely (Savings) 1.50% 1.49% $100
CIT Bank (MMA) 1.55% 1.54% $100
Stride Bank (Savings) 2.00% 1.98% $0
EverBank (MMA) 2.02% 2.00% $0
Synchrony Bank (MMA) 2.25% 2.22% $0
Luana Savings Bank (MMA) 2.48% 2.45% $0
Varo Bank (Savings) 2.50% 2.47% $0
First National Bank of America (Savings) 3.00% 2.96% $1,000
Star One CU - editorial (Savings) 3.25% 3.20% $0
Bank of Hope (mma_jumbo 10000) 3.25% 3.20% $100,000
Star One CU - editorial (MMA $10k) 3.25% 3.20% $0
Beal Bank (MMA $10k) 3.25% 3.20% $10,000
Beal Bank (MMA) 3.25% 3.20% $1,000
Star One CU - editorial (MMA) 3.25% 3.20% $0
Discover Bank (MMA) 3.60% 3.54% $0
First Internet Bank of Indiana (MMA) 3.61% 3.55% $0
LendingClub (Savings) 3.70% 3.63% $0
CitizensAccess (Savings) 3.70% 3.63% $0
FNBO (Savings $10k) 3.75% 3.69% $0
Beal Bank (Savings) 3.75% 3.70% $0
FNBO (Savings) 3.75% 3.69% $0
Valley Bank (Savings) 3.75% 3.68% $0
Discover Bank (Savings) 3.75% 3.68% $0
American Express National (Savings) 3.80% 3.73% $0
Ally (mma_jumbo 0) 3.80% 3.73% $0
Ally (Savings) 3.80% 3.73% $0
Ally (MMA) 3.80% 3.73% $0
Quorum Federal Credit Union (Savings) 3.85% 3.78% $0
QuonticBank (Savings) 3.85% 3.78% $0
pnc (Savings) 3.95% 3.95% $0
Sallie Mae (Savings) 4.00% 3.92% $0
BankPurely (MMA $25k) 4.00% 3.92% $25,000
iGObanking (MMA $25k) 4.00% 3.92% $0
EverBank (MMA) 4.00% 3.92% $0
Sallie Mae (Savings $10k) 4.00% 3.92% $0
Sallie Mae (mma_jumbo 10000) 4.00% 3.92% $0
EverBank (MMA) 4.00% 3.92% $0
WesternStateBank (MMA) 4.00% 3.92% $0
DollarSavingsDirect (Savings) 4.00% 3.92% $0
Barclays (Savings) 4.00% 3.92% $0
Morgan Stanley Private Bank (Savings) 4.00% 3.92% $0
SoFi (Savings) 4.00% 4.00% $0
Sallie Mae (MMA) 4.00% 3.92% $0
UFBDirect (MMA) 4.01% 3.93% $0
UFBDirect (Savings) 4.01% 3.93% $0
Salem Five Direct (Savings) 4.01% 3.93% $0
Synchrony Bank (Savings) 4.10% 4.01% $0
MySavingsDirect (Savings) 4.10% 4.02% $0
Synchrony Bank (Savings) 4.10% 4.10% $0
BMO Alto (Savings) 4.10% 4.02% $0
Live Oak Bank (Savings) 4.20% 4.11% $0
Northern Bank and Trust Company (MMA) 4.25% 4.16% $500
VirtualBank, a division of First Horizon Bank (MMA) 4.25% 4.17% $0
AlumniFi Credit Union (Savings) 4.25% 4.25% $0
Langley FCU (Savings) 4.25% 4.25% $0
Forbright Bank (Savings) 4.25% 4.25% $0
TABBank (Savings) 4.26% 4.17% $0
Primis Bank (Savings) 4.35% 4.26% $0
CIT Bank (Savings) 4.35% 4.35% $5,000
Western Alliance Bank (Savings) 4.35% 4.35% $0
CIT Bank (Savings) 4.35% 4.26% $0
CFGCommunityBank (MMA) 4.37% 4.28% $1,000
CIBC Bank USA (Savings) 4.38% 4.29% $1
MidWest BankCentre (Savings) 4.40% 4.32% $1,000
Western Alliance Bank (Savings) 4.40% 4.30% $0
EverBank (Savings) 4.40% 4.30% $0
MyBankingDirect, a service of Flagstar Bank, N.A. (Savings) 4.45% 4.35% $1
VioBank (MMA) 4.46% 4.46% $0
Bread Savings (Savings) 4.50% 4.50% $0
Jenius Bank (Savings) 4.50% 4.40% $0
Poppy Bank (Savings) 4.50% 4.40% $1,000
BanescoUSA (MMA) 4.50% 4.40% $300
LendingClub (Savings) 4.50% 4.41% $0
Popular Direct (Savings) 4.60% 4.50% $100
Openbank (Savings) 4.75% 4.65% $500
QuonticBank (MMA) 4.75% 4.64% $0
BrioDirect (Savings) 4.75% 4.64% $0
Peak Bank (Savings) 4.75% 4.75% $0

The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guarantee the accuracy or availability of any rates shown. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

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1 APY stands for Annual Percent Yield. It's different from Rate because it takes into account compounding interest for the year.

2 MMA stands for Money Market Account. It's a savings and checking hybrid, allowing you to earn interest and use checks 6 times a month.

What are you looking for?

Investing your money in the right type of account is important. Banks offer a variety of different accounts. These accounts vary in fees, interest rates, and opening balance requirements. Some accounts also limit the number of times you can access your money. To find the best account for your needs, know the difference between accounts offered.

Types of Accounts

Checking Account

A checking account allows for multiple daily access to your money. Some checking accounts earn interest, but not all. Checks and debit cards are available to use the money in checking accounts.

Savings Account

A savings account is the most basic savings option offered by a financial institution. Most banks offer at least one savings account. Federal regulations only allow six withdrawals each month from a savings account. You cannot write checks from a savings account.

Money Market Account (MMA)

A money market account is similar to a savings account. You can write checks just like a checking account but are limited to six withdrawals per month.

Certificate of Deposit (CD)

A certificate of deposit is a long-term savings strategy. CDs are created to earn higher interest rates based on their term length. Terms range from one week to many years. Breaking a term by withdrawing the investment early—before term maturity—will result in a fee that is different per bank. Jumbo CDs earn higher interest, though require a large investment.

High Yield Accounts

High yield saving, checking, MMA, and CD accounts offer considerably higher interest rates. Local brick-and-mortar banks often do not offer competitive rates. These institutions offer other benefits to draw new members. Online banks, however, offer high yield interest to attract members. The banks that BankTruth represents are high yield interest accounts. Some of these will require a larger account balance to earn the interest, though just as many do not require anything special.

Rates and Fees

Different banks offer different interest rates on all account types. The higher the interest rates, the more money you earn. For example, high yield savings accounts generally earn more than 1.00%. Typical savings accounts only earn 0.01%. If you have $1,000 invested in both accounts, the account with 0.01% interest will earn $0.10 in one year. The high yield account offering 1.00% will earn $10 in one year.

Fees for these accounts depend on the bank and the account type. The monthly fees for accounts should offer ways to waive the monthly fees. Keeping a certain amount in the account or signing up for direct deposit are two common ways to waive fees. Be sure you know the account fees, and the ways to waive the fees before you open an account. Some accounts do not have any fees.

Online Banking

Most banks offer some online and mobile banking, allowing you to see account balances and make transfers or deposits. You can pay bills, turn your debit card on and off, and set up account alerts. Some online banking allows you to make a budget to better track your spending habits.

Where most banks offer some form of online banking, some banks are online only. These banks have no local branches. Online only banks generally have high-interest rates and few to no fees. Since they are not paying for buildings, they pass the savings onto the customer. Everything for your account is online, including opening the account and making transfers. Online only banks generally require you to set up the account with an external bank. This enables you to make transfers to and from the online-only account.

Opening an Online Account

When opening an online account, choose between opening the account in your name or a joint account. Typically you open a joint account with another family member or your spouse. If a person is not 18 years or older, a parent or guardian will have to cosign to open the account with them. You can open these accounts as joint accounts or custodial accounts. A custodial account means the parent controls the account until the child is 18.

To open an account online, you will need the following information:

  • Address
  • Date of birth
  • Social Security Number
  • Driver license number or other government-issued ID
  • External bank routing number or debit card information
  • Email address

Some banks might ask about your other bank accounts, employment, and income. If you are opening a joint account, you will need the above information for both names listed on the account.

Banks allow you to open more than one of a specific type of account. A beneficial feature if you are saving for some specific, such as a vacation or large purchase. Most banks have specific accounts for college, retirement funds, children, and teens.

FDIC Insured

When opening an account, be sure the bank is FDIC insured. FDIC stands for the Federal Deposit Insurance Corporation. It is a government corporation of the United States of America. Investing your money in a bank that is FDIC insured means your money is protected up to $250,000 per bank. If the bank were to fail, you will not lose your investment. The NCUA protects credit unions the same way the FDIC protects banks.

What Account Is Best?

To find the best account depends on the access you need to your money. If you have money you can set aside for a long time, a CD will earn the best interest rates. If you need more access to your money, consider one of the other accounts. The more you can invest and leave alone, the more interest you will earn.

Online only accounts generally have higher interest rates than typical banks. Look into all the different bank options to find the bank and account that best fits your needs. Be sure to know the interest rate on the account as well as the fees.