Savings & Money Market Rates 2025

FDIC Insured up to $250,000  •  National rate is 0.06%  •  April 25th, 2025

What you'll need to open your new account

Advertiser Disclosure
Sponsored Offers
Savings (Rate as of 4/25/2025)
3.60%APY
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  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 3.60%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
Member FDIC.

Promoted offer: It only takes about 5 minutes to open a fee-free account.
Savings (Rate as of 4/25/2025)
4.30%APY
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  • Min to Open: $0
  • Min to Earn APY: $0
  • Rate: 4.30%
  • No Monthly Fees
  • Min to Avoid Fee: $0
  • Write Checks: No
Member FDIC.

Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money
Savings (Rate as of 4/25/2025)
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
Member FDIC.
Savings (Rate as of 4/25/2025)
4.40%APY
Star Icon Star Icon Star Icon Star Icon Star Icon
  • Min to Open: $1,000
  • Min to Earn APY: $1,000
  • Rate: 4.31%
  • Monthly Fee: $5.00
  • Min to Avoid Fee: $0
  • Write Checks: No
Member FDIC.
Other Banks
Rates as of April 25th, 2025
Banks & Reviews APY Rate Min to Earn APY
City National Bank (Savings) 0.01% 0.01% $50
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
US Bank (Savings) 0.01% 0.01% $25
US Bank (Savings) 0.01% 0.01% $25
Wells Fargo Bank (Savings) 0.01% 0.01% $0
Wells Fargo Bank (MMA) 0.01% 0.01% $0
USAA iCrossing ED (Savings) 0.01% 0.01% $0
BMO Bank (Savings) 0.01% 0.01% $0
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% $300
Bank of Hope (Savings) 0.01% 0.01% $0
Bank of Hope (MMA) 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
US Bank (MMA $10k) 0.01% 0.01% $0
Tri Counties Bank (MMA $10k) 0.01% 0.01% $0
US Bank (MMA $10k) 0.01% 0.01% $0
Wells Fargo Bank (MMA $10k) 0.01% 0.01% $0
Banc of California NA (MMA $10k) 0.01% 0.01% $2,500
Mechanics Bank CA (MMA) 0.02% 0.02% $100
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
Citizens Business Bank (MMA) 0.02% 0.02% $5,000
Comerica Bank (MMA $10k) 0.02% 0.02% $1
Mechanics Bank CA (MMA $10k) 0.02% 0.02% $100
Westamerica Bank (MMA) 0.03% 0.03% $1,000
Citibank (Savings) 0.03% 0.03% $0
Armed Forces Bank (Savings) 0.03% 0.03% $0
Farmers and Merchants Bank of Long Beach (MMA) 0.03% 0.03% $0
Provident Savings Bank FSB (MMA $10k) 0.03% 0.03% $10,000
El Dorado Savings Bank (MMA $10k) 0.03% 0.03% $5,000
El Dorado Savings Bank (MMA) 0.03% 0.03% $5,000
Bank of the Sierra (MMA) 0.04% 0.04% $2,500
Universal Bank (Savings) 0.04% 0.04% $0
Bank of the Sierra (MMA $10k) 0.04% 0.04% $2,500
Fremont Bank (MMA) 0.05% 0.05% $2,500
Citizens Trust Bank (Savings) 0.05% 0.05% $100
The Golden 1 CU (MMA) 0.05% 0.05% $0
Malaga Bank FSB (MMA) 0.05% 0.05% $100
Malaga Bank FSB (Savings) 0.05% 0.05% $100
Oak Valley Community Bank (Savings) 0.05% 0.05% $0
Applied Bank (Savings) 0.05% 0.05% $100
Luana Savings Bank (Savings) 0.05% 0.05% $100
San Diego County CU - editorial (Savings) 0.05% 0.05% $100
Pacific Premier Bank (MMA) 0.05% 0.05% $1
Union Bank (Savings) 0.05% 0.05% $0
Washington Savings Bank (Savings) 0.05% 0.05% $10
America First FCU (Savings) 0.05% 0.05% $1
The Golden 1 CU (Savings) 0.05% 0.05% $0
Montecito Bank and Trust (MMA) 0.05% 0.05% $0
United Fidelity Bank (Savings) 0.05% 0.05% $250
Oak Valley Community Bank (MMA) 0.05% 0.05% $0
The Park National Bank (MMA) 0.05% 0.05% $2,500
OneUnited Bank (MMA) 0.05% 0.05% $500
Montecito Bank and Trust (MMA $10k) 0.05% 0.05% $0
Fremont Bank (MMA $10k) 0.05% 0.05% $2,500
First Citizens Bank (MMA $10k) 0.05% 0.05% $0
Malaga Bank FSB (MMA $10k) 0.05% 0.05% $100
Citizens Business Bank (MMA $10k) 0.05% 0.05% $5,000
Cathay Bank (MMA $10k) 0.05% 0.05% $0
FirstBank (MMA $10k) 0.05% 0.05% $0
Farmers and Merchants Bank of Long Beach (MMA $10k) 0.05% 0.05% $10,000
Pacific Premier Bank (MMA $10k) 0.05% 0.05% $1
San Diego County CU - editorial (MMA $10k) 0.05% 0.05% $100
Cathay Bank (MMA) 0.05% 0.05% $0
San Diego County CU - editorial (MMA) 0.05% 0.05% $100
HCN Bank (MMA) 0.05% 0.05% $0
United Fidelity Bank (MMA) 0.05% 0.05% $1,000
Washington Savings Bank (MMA) 0.05% 0.05% $10
Universal Bank (MMA) 0.05% 0.05% $1,000
FirstBank (MMA) 0.05% 0.05% $0
First Citizens Bank (MMA) 0.05% 0.05% $0
Westamerica Bank (MMA $10k) 0.06% 0.06% $1,000
Sterling Bank and Trust FSB (Savings) 0.10% 0.10% $0
Schools First Federal Credit Union (Savings) 0.10% 0.10% $5
Global Credit Union (Savings) 0.10% 0.10% $50
First Federal Savings and Loan Association of San Rafael (Savings) 0.10% 0.10% $0
First Citizens Bank (Savings) 0.10% 0.10% $50
Gateway Bank FSB (Savings) 0.10% 0.10% $500
First Foundation Bank (MMA) 0.10% 0.10% $500
First Foundation Bank (MMA $10k) 0.10% 0.10% $500
United Fidelity Bank (MMA $10k) 0.10% 0.10% $10,000
HCN Bank (MMA $10k) 0.10% 0.10% $0
Citizens Trust Bank (MMA) 0.10% 0.10% $1,000
Universal Bank (MMA $10k) 0.10% 0.10% $2,500
CIBC Bank USA (MMA) 0.15% 0.15% $1
Charles Schwab Bank (Savings) 0.15% 0.15% $0
Charles Schwab Bank (savings_jumbo 0) 0.15% 0.15% $0
First Technology Credit Union (MMA) 0.15% 0.15% $0
Presidential Bank FSB (MMA) 0.15% 0.15% $1,000
Sterling Bank and Trust FSB (MMA $10k) 0.15% 0.15% $0
First Technology Credit Union (MMA $10k) 0.15% 0.15% $0
Sterling Bank and Trust FSB (MMA) 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
Connexus Credit Union (MMA) 0.25% 0.25% $1,000
Northpointe Bank (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
Global Credit Union (MMA $10k) 0.25% 0.25% $10,000
Gateway Bank FSB (MMA) 0.25% 0.25% $2,500
Northpointe Bank (MMA) 0.25% 0.25% $2,500
CIBC Bank USA (MMA $10k) 0.25% 0.25% $10,000
WebBank (Savings $10k) 0.25% 0.25% $1,000
AxosBank (MMA $10k) 0.25% 0.25% $0
TABBank (MMA) 0.25% 0.25% $0
First Northern Bank of Dixon (MMA $10k) 0.30% 0.30% $2,500
Royal Business Bank (MMA) 0.30% 0.30% $2,500
BECU (Savings) 0.30% 0.30% $1
Lone Star Bank (Savings) 0.30% 0.30% $0
Northpointe Bank (MMA $10k) 0.35% 0.34% $5,000
River Valley Community Bank (MMA) 0.38% 0.38% $1,000
5 Star Bank (MMA) 0.40% 0.40% $1,000
OneUnited Bank (Savings) 0.40% 0.40% $200
GTEFinancial (MMA) 0.40% 0.40% $0
Amalgamated Bank (Savings) 0.41% 0.41% $0
Royal Business Bank (MMA $10k) 0.45% 0.45% $10,000
BECU (MMA) 0.45% 0.45% $0
River Valley Community Bank (MMA $10k) 0.47% 0.47% $10,000
Bank of Marin (MMA) 0.50% 0.50% $1,000
Presidential Bank FSB (Savings) 0.50% 0.50% $500
Redwood Capital Bank (MMA) 0.50% 0.50% $1
Bank of Marin (MMA $10k) 0.50% 0.50% $1,000
City National Bank (MMA) 0.50% 0.50% $2,500
City National Bank (MMA $10k) 0.50% 0.50% $2,500
Amalgamated Bank (MMA $10k) 0.60% 0.60% $0
Amalgamated Bank (MMA) 0.60% 0.60% $0
AxosBank (Savings) 0.61% 0.61% $0
GTEFinancial (MMA $10k) 0.65% 0.65% $10,000
GTEFinancial (Savings) 0.75% 0.75% $100
5 Star Bank (Savings) 0.75% 0.75% $0
Schools First Federal Credit Union (MMA) 0.75% 0.75% $2,000
Bank of Stockton (MMA) 0.75% 0.75% $100
Redwood Capital Bank (MMA $10k) 0.75% 0.75% $1
Bank of Stockton (MMA $10k) 0.75% 0.75% $100
BMO Bank (MMA $10k) 0.80% 0.80% $0
BMO Bank (MMA) 0.80% 0.80% $0
First Internet Bank of Indiana (Savings) 0.81% 0.80% $0
Goldwater Bank (MMA) 1.00% 1.00% $0
Armed Forces Bank (MMA) 1.00% 1.00% $0
Goldwater Bank (Savings) 1.00% 1.00% $0
America First FCU (MMA) 1.00% 1.00% $0
KS StateBank (MMA) 1.00% 1.00% $2,500
West Coast Community Bank (MMA) 1.00% 1.00% $5,000
KS StateBank (MMA $10k) 1.00% 1.00% $2,500
West Coast Community Bank (MMA $10k) 1.00% 1.00% $5,000
The Golden 1 CU (MMA $10k) 1.00% 1.00% $10,000
BECU (MMA $10k) 1.00% 1.00% $10,000
Gateway Bank FSB (MMA $10k) 1.10% 1.09% $10,000
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
BankPurely (Savings) 1.50% 1.49% $100
CIT Bank (MMA) 1.55% 1.54% $100
Stride Bank (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) 2.48% 2.45% $0
Varo Bank (Savings) 2.50% 2.47% $0
First National Bank of America (Savings) 2.51% 2.48% $1,000
NBKC Bank (MMA) 3.00% 2.96% $0
Star One Credit Union (Savings) 3.25% 3.20% $5
Star One Credit Union (MMA) 3.25% 3.20% $50
Beal Bank (MMA) 3.25% 3.20% $1,000
Star One Credit Union (MMA $10k) 3.25% 3.20% $50
Beal Bank (MMA $10k) 3.25% 3.20% $1,000
FNBO (Savings) 3.35% 3.30% $0
LendingClub (Savings) 3.40% 3.35% $0
Discover Bank (MMA) 3.50% 3.44% $0
BMO Alto (Savings) 3.60% 3.54% $0
FNBO (MMA) 3.60% 3.54% $0
Discover Bank (Savings) 3.60% 3.54% $0
Ally (Savings) 3.60% 3.54% $0
Ally (MMA) 3.60% 3.54% $0
First Internet Bank of Indiana (MMA) 3.61% 3.55% $0
American Express National (Savings) 3.70% 3.63% $0
CitizensAccess (Savings) 3.70% 3.63% $0
Northern Bank and Trust Company (MMA) 3.75% 3.68% $5,000
WesternStateBank (MMA) 3.75% 3.68% $0
Beal Bank (Savings) 3.75% 3.70% $500
MySavingsDirect (Savings) 3.75% 3.68% $0
DollarSavingsDirect (Savings) 3.75% 3.68% $0
Quorum Federal Credit Union (Savings) 3.75% 3.69% $0
Valley Bank (Savings) 3.75% 3.68% $0
QuonticBank (Savings) 3.85% 3.78% $1
Sallie Mae (MMA) 3.90% 3.83% $0
PNC Bank (Savings) 3.95% 3.95% $0
iGObanking (MMA $25k) 4.00% 3.92% $25,000
BankPurely (MMA $25k) 4.00% 3.92% $25,000
BanescoUSA (MMA) 4.00% 3.92% $2,500
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
Salem Five Direct (Savings) 4.01% 3.94% $0
UFBDirect (MMA) 4.01% 3.93% $0
UFBDirect (Savings) 4.01% 3.93% $0
Popular Direct (Savings) 4.05% 3.97% $0
CIT Bank (Savings) 4.10% 4.10% $5,000
Berkshire Bank (MMA) 4.10% 4.10% $0
Barclays (Savings) 4.10% 4.02% $0
Barclays (Savings) 4.15% 4.15% $0
Bask Bank (Savings) 4.20% 4.11% $0
Jenius Bank (Savings) 4.20% 4.11% $0
Live Oak Bank (Savings) 4.20% 4.11% $0
CIBC Bank USA (Savings) 4.21% 4.13% $1
MYSafra Bank FSB (MMA) 4.25% 4.16% $5,000
Western Alliance Bank (Savings) 4.25% 4.16% $0
QuonticBank (MMA) 4.25% 4.16% $1
Forbright Bank (Savings) 4.25% 4.25% $0
TABBank (Savings) 4.26% 4.17% $0
Rising Bank (Savings) 4.30% 4.22% $1,000
CFGCommunityBank (MMA) 4.32% 4.23% $1,000
Primis Bank (Savings) 4.35% 4.26% $0
VioBank (MMA) 4.36% 4.36% $0
LendingClub (Savings) 4.40% 4.31% $0
My Banking Direct (Savings) 4.40% 4.40% $1
Openbank (Savings) 4.40% 4.31% $500
Bread Savings (Savings) 4.40% 4.31% $0
BrioDirect (Savings) 4.45% 4.35% $25
Peak Bank (Savings) 4.54% 4.44% $0

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.