Savings & Money Market Rates 2025

FDIC Insured up to $250,000  •  National rate is 0.06%  •  May 19th, 2025

What you'll need to open your new account

Advertiser Disclosure
Sponsored Offers
Savings (Rate as of 5/19/2025)
4.20%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 4.11%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
No Review
Next >
Member FDIC.

Promoted offer: No fees. Easy deposits and quick withdrawals.
Savings (Rate as of 5/19/2025)
3.60%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 3.60%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
Read Review
Next >
Member FDIC.

Promoted offer: It only takes about 5 minutes to open a fee-free account.
Savings (Rate as of 5/19/2025)
4.10%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $100
  • Min to Earn APY: $5,000
  • Rate: 4.10%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
Read Review
Next >
Member FDIC.

Promoted offer: Get up to a $300 Cash Bonus. See site for details.
Savings (Rate as of 5/19/2025)
4.30%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 4.30%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
No Review
Next >
Member FDIC.

Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money
MMA (Rate as of 5/19/2025)
3.90%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 3.83%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: Yes
Read Review
Next >
Member FDIC.
Savings (Rate as of 5/19/2025)
3.90%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 3.83%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
Read Review
Next >
Member FDIC.
Savings (Rate as of 5/19/2025)
4.25%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $1,000
  • Min to Earn APY: $1,000
  • Rate: 4.16%
  • Monthly Fee: $5.00
  • Min to Avoid Fee: $0
  • Write Checks: No
No Review
Next >
Member FDIC.
Other Banks
Rates as of May 19th, 2025
Banks & Reviews APY Rate Min to Earn APY
Citizens Bank NA (MMA $10k) 0.01% 0.01% $0
US Bank (MMA $10k) 0.01% 0.01% $0
Fifth Third Bank (MMA $10k) 0.01% 0.01% $0
Bank of Hope (MMA) 0.01% 0.01% $0
Citizens Bank NA (MMA) 0.01% 0.01% $0
The Home Loan Savings Bank (MMA) 0.01% 0.01% $500
Bank of Hope (Savings) 0.01% 0.01% $0
US Bank (MMA) 0.01% 0.01% $0
Comerica Bank (Savings) 0.01% 0.01% $1
USAA iCrossing ED (Savings) 0.01% 0.01% $0
Fifth Third Bank (MMA) 0.01% 0.01% $0
First Federal Community Bank NA (Savings) 0.02% 0.02% $100
PNC Bank NA (Savings) 0.02% 0.02% $1
Comerica Bank (MMA) 0.02% 0.02% $1
Connexus Credit Union (Savings) 0.02% 0.02% $100
Applied Bank (MMA) 0.02% 0.02% $500
The Home Loan Savings Bank (MMA $10k) 0.02% 0.02% $10,000
Comerica Bank (MMA $10k) 0.02% 0.02% $1
The Mechanics Savings Bank (MMA $10k) 0.02% 0.02% $0
The Mechanics Savings Bank (MMA) 0.02% 0.02% $0
PNC Bank NA (savings_jumbo 10000) 0.03% 0.03% $1
First Federal Svgs and LA of Lorain (MMA) 0.03% 0.03% $100
PNC Bank NA (MMA $10k) 0.04% 0.04% $1
PNC Bank NA (MMA $25k) 0.04% 0.04% $1
PNC Bank NA (MMA) 0.04% 0.04% $1
PNC Bank NA (MMA) 0.04% 0.04% $1
First Federal Community Bank NA (MMA) 0.04% 0.04% $0
Farmers and Merchants Bank OH (Savings) 0.05% 0.05% $0
Washington Savings Bank (Savings) 0.05% 0.05% $10
Applied Bank (Savings) 0.05% 0.05% $100
First Federal Savings and Loan Association of Lakewood (Savings) 0.05% 0.05% $100
America First FCU (Savings) 0.05% 0.05% $1
Citizens Trust Bank (Savings) 0.05% 0.05% $100
Northwest Bank (MMA) 0.05% 0.05% $0
Luana Savings Bank (Savings) 0.05% 0.05% $100
Washington Savings Bank (MMA) 0.05% 0.05% $10
Main Street Bank Corp (MMA) 0.05% 0.05% $0
Third Federal Savings and Loan Association of Cleveland (MMA) 0.05% 0.05% $5,000
GenoaBank (MMA) 0.05% 0.05% $1,000
Main Street Bank Corp (MMA $10k) 0.05% 0.05% $0
Third Federal Savings and Loan Association of Cleveland (MMA $10k) 0.05% 0.05% $5,000
The Home Loan Savings Bank (Savings) 0.07% 0.07% $100
Buckeye Community Bank (MMA $10k) 0.10% 0.10% $0
GenoaBank (MMA $10k) 0.10% 0.10% $10,000
Citizens Trust Bank (MMA) 0.10% 0.10% $1,000
Buckeye Community Bank (MMA) 0.10% 0.10% $0
Civista Bank (MMA) 0.14% 0.14% $2,500
Civista Bank (MMA $10k) 0.14% 0.14% $2,500
Northwest Bank (MMA $10k) 0.15% 0.15% $5,000
Presidential Bank FSB (MMA) 0.15% 0.15% $1,000
The Hocking Valley Bank (Savings) 0.15% 0.15% $0
North Valley Bank (Savings) 0.15% 0.15% $0
First National Bank of Pennsylvania (MMA) 0.15% 0.15% $0
CIBC Bank USA (MMA) 0.15% 0.15% $1
Charles Schwab Bank (Savings) 0.15% 0.15% $0
North Valley Bank (MMA) 0.25% 0.25% $1,000
TABBank (MMA) 0.25% 0.25% $0
Northpointe Bank (Savings) 0.25% 0.25% $100
Lone Star Bank (MMA) 0.25% 0.25% $0
Connexus Credit Union (MMA) 0.25% 0.25% $1,000
AxosBank (MMA) 0.25% 0.25% $0
KeyBank NA (MMA $10k) 0.25% 0.25% $5,000
WebBank (Savings) 0.25% 0.25% $1,000
Northpointe Bank (MMA) 0.25% 0.25% $2,500
KeyBank NA (MMA) 0.25% 0.25% $5,000
First National Bank of Pennsylvania (MMA $10k) 0.25% 0.25% $10,000
AxosBank (MMA $10k) 0.25% 0.25% $0
CIBC Bank USA (MMA $10k) 0.25% 0.25% $10,000
The Citizens National Bank of Bluffton (MMA $10k) 0.30% 0.30% $5,000
The Citizens National Bank of Bluffton (MMA) 0.30% 0.30% $5,000
Lone Star Bank (Savings) 0.30% 0.30% $0
BECU (Savings) 0.30% 0.30% $1
First Federal Savings and Loan Association of Lakewood (MMA $10k) 0.35% 0.35% $10,000
Northpointe Bank (MMA $10k) 0.35% 0.34% $5,000
GTEFinancial (MMA) 0.40% 0.40% $0
First Federal Community Bank NA (MMA $10k) 0.40% 0.40% $2,500
5Star Bank (MMA) 0.40% 0.40% $1,000
The Community Bank (MMA) 0.40% 0.40% $0
Amalgamated Bank (Savings) 0.41% 0.41% $0
BECU (MMA) 0.45% 0.45% $0
Presidential Bank FSB (Savings) 0.50% 0.50% $500
Amalgamated Bank (MMA) 0.60% 0.60% $0
AxosBank (Savings) 0.61% 0.61% $0
North Valley Bank (MMA $10k) 0.65% 0.65% $10,000
GTEFinancial (MMA $10k) 0.65% 0.65% $10,000
GTEFinancial (Savings) 0.75% 0.75% $100
5Star Bank (Savings) 0.75% 0.75% $0
First Internet Bank of Indiana (Savings) 0.81% 0.80% $0
America First FCU (MMA) 1.00% 1.00% $0
First Federal Svgs and LA of Lorain (MMA $10k) 1.00% 1.00% $10,000
KS StateBank (MMA $10k) 1.00% 1.00% $2,500
BECU (MMA $10k) 1.00% 1.00% $10,000
KS StateBank (MMA) 1.00% 1.00% $2,500
Goldwater Bank (MMA) 1.00% 1.00% $0
Goldwater Bank (Savings) 1.00% 1.00% $0
VioBank (Savings) 1.10% 1.09% $0
America First FCU (MMA $10k) 1.30% 1.29% $10,000
BanescoUSA (Savings) 1.35% 1.34% $300
BankFive (Savings) 1.50% 1.49% $100
iGObanking (Savings) 1.50% 1.49% $0
BankPurely (Savings) 1.50% 1.49% $100
CIT Bank (MMA) 1.55% 1.54% $100
The Community Bank (MMA $10k) 2.00% 1.98% $5,000
Chime (Savings) 2.00% 1.98% $0
Synchrony Bank (MMA) 2.00% 1.98% $0
EverBank (MMA) 2.02% 2.00% $0
Luana Savings Bank (MMA) 2.43% 2.40% $0
Varo Bank (Savings) 2.50% 2.47% $0
First National Bank of America (Savings) 2.51% 2.48% $1,000
Wesbanco Bank Inc (MMA) 2.53% 2.50% $1,000
NBKC Bank (MMA) 3.00% 2.96% $0
Wesbanco Bank Inc (MMA $10k) 3.30% 3.25% $1,000
FNBO (Savings) 3.35% 3.30% $0
LendingClub (Savings) 3.40% 3.35% $0
Discover Bank (MMA) 3.50% 3.44% $0
Ally (Savings) 3.60% 3.54% $0
BMO Alto (Savings) 3.60% 3.54% $0
Discover Bank (Savings) 3.60% 3.54% $0
Ally (MMA) 3.60% 3.54% $0
American Express National (Savings) 3.60% 3.54% $0
FNBO (MMA) 3.60% 3.54% $0
First Internet Bank of Indiana (MMA) 3.61% 3.55% $0
CitizensAccess (Savings) 3.70% 3.63% $0
Valley Bank (Savings) 3.75% 3.68% $0
DollarSavingsDirect (Savings) 3.75% 3.68% $0
Quorum Federal Credit Union (Savings) 3.75% 3.69% $0
MySavingsDirect (Savings) 3.75% 3.68% $0
Northern Bank and Trust Company (MMA) 3.75% 3.68% $5,000
Laurel Road (Savings) 3.80% 3.73% $0
BankPurely (MMA $25k) 4.00% 3.93% $25,000
iGObanking (MMA $25k) 4.00% 3.92% $25,000
VirtualBank, a division of First Horizon Bank (MMA) 4.00% 3.93% $0
Morgan Stanley Private Bank (Savings) 4.00% 3.92% $0
Synchrony Bank (Savings) 4.00% 3.92% $0
Barclays (Savings) 4.00% 3.92% $0
UFBDirect (Savings) 4.01% 3.93% $0
UFBDirect (MMA) 4.01% 3.93% $0
Salem Five Direct (Savings) 4.01% 3.94% $0
Berkshire Bank (MMA) 4.10% 4.10% $0
Live Oak Bank (Savings) 4.10% 4.02% $0
Barclays (Savings) 4.10% 4.10% $0
CIBC Bank USA (Savings) 4.11% 4.04% $1
BanescoUSA (MMA $10k) 4.15% 4.07% $2,500
MYSafra Bank FSB (MMA) 4.15% 4.07% $5,000
BanescoUSA (MMA) 4.15% 4.07% $2,500
Bask Bank (Savings) 4.20% 4.11% $0
Forbright Bank (Savings) 4.25% 4.16% $0
TABBank (Savings) 4.26% 4.17% $0
Western Alliance Bank (Savings) 4.30% 4.21% $0
Bread Savings (Savings) 4.30% 4.21% $0
CFGCommunityBank (MMA) 4.32% 4.23% $1,000
Primis Bank (Savings) 4.35% 4.27% $0
VioBank (MMA) 4.36% 4.36% $0
LendingClub (Savings) 4.40% 4.31% $0
Openbank (Savings) 4.40% 4.31% $500
My Banking Direct (Savings) 4.40% 4.40% $1
Peak Bank (Savings) 4.44% 4.34% $0
Amalgamated Bank (MMA $10k) 4.50% 4.50% $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.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own website where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

For details on our best products and how we chose them click here.

Rates proudly provided by Bankrate logo For Bankrate's privacy policy, click here.

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.