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Savings & Money Market Rates 2020

FDIC Insured up to $250,000  •  National rate is 0.06%  •  October 22nd, 2020

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Savings (10/22/2020)
0.76%APY
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  • For APY: $100
  • Rate: 0.76%
  • No Monthly Fees
  • Write Checks: No
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Savings (10/22/2020)
0.61%APY
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  • For APY: $250
  • Rate: 0.60%
  • No Monthly Fees
  • Write Checks: No
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Other Banks
Updated October 22nd, 2020
Banks & Reviews APY Rate For APY
BB&T (MMA) 0.01% 0.01% $200
Bank of America (Savings) 0.01% 0.01% $100
Wells Fargo (MMA) 0.01% 0.01% $50
First Horizon Bank (Savings) 0.01% 0.01% $50
First Horizon Bank (MMA) 0.01% 0.01% $50
Wells Fargo (Savings) 0.01% 0.01% $25
BB&T (Savings) 0.01% 0.01% $25
TD Bank, NA (MMA) 0.01% 0.01% $1
SunTrust Bank (Savings) 0.01% 0.01% $1
Amalgamated Bank (Savings) 0.01% 0.01% $1
First Horizon Bank (MMA $25k) 0.02% 0.02% $25,000
Applied Bank (MMA) 0.02% 0.02% $500
Sandy Spring Bank (Savings) 0.03% 0.03% $25
Woodforest National Bank (Savings) 0.03% 0.03% $25
Sandy Spring Bank (MMA) 0.03% 0.03% $2,500
Citibank (MMA) 0.04% 0.04% $100
Northwest Federal Credit Union (MMA) 0.04% 0.04% $1
Washington Savings Bank (Savings) 0.05% 0.05% $50
Amalgamated Bank (MMA) 0.05% 0.05% $1
TD Bank, NA (Savings) 0.05% 0.05% $1
Northwest Federal Credit Union (Savings) 0.05% 0.05% $1
Apple Federal Credit Union (Savings) 0.05% 0.05% $5
Radius Bank (MMA) 0.05% 0.05% $10
Woodforest National Bank (MMA) 0.05% 0.05% $25
Armed Forces Bank, N.A. (Savings) 0.05% 0.05% $25
United Bank (Savings) 0.05% 0.05% $50
Pendleton Community Bank, Inc. (Savings) 0.05% 0.05% $50
Burke & Herbert Bank & Trust Company (Savings) 0.05% 0.05% $50
Langley FCU (Savings) 0.05% 0.05% $100
Langley FCU (MMA) 0.05% 0.05% $100
Pendleton Community Bank, Inc. (MMA) 0.05% 0.05% $1,000
Applied Bank (Savings) 0.05% 0.05% $100
Woodforest National Bank (Savings $10k) 0.05% 0.05% $10,000
TD Bank, NA (MMA $10k) 0.05% 0.05% $10,000
Washington Savings Bank (MMA) 0.05% 0.05% $2,500
Amalgamated Bank (Savings $10k) 0.05% 0.05% $10,000
Farmers Bank (MMA) 0.05% 0.05% $1,000
Burke & Herbert Bank & Trust Company (MMA) 0.05% 0.05% $1,000
Fulton Bank, NA (MMA) 0.05% 0.05% $1,000
United Bank (MMA) 0.05% 0.05% $1,000
Fulton Bank, NA (MMA $10k) 0.07% 0.07% $10,000
Langley FCU (MMA $10k) 0.10% 0.10% $10,000
Armed Forces Bank, N.A. (MMA) 0.10% 0.10% $25
Union Bank (Michigan) (Savings) 0.10% 0.10% $50
UFB Direct (MMA) 0.10% 0.10% $5,000
Union Bank (Michigan) (MMA) 0.10% 0.10% $5,000
Farmers Bank (MMA $10k) 0.10% 0.10% $10,000
TD Bank, NA (MMA $25k) 0.10% 0.10% $25,000
Radius Bank (MMA $10k) 0.10% 0.10% $10,000
Amalgamated Bank (MMA $25k) 0.10% 0.10% $25,000
Burke & Herbert Bank & Trust Company (MMA $25k) 0.10% 0.10% $25,000
Pendleton Community Bank, Inc. (MMA $25k) 0.10% 0.10% $25,000
Fulton Bank, NA (MMA $25k) 0.10% 0.10% $25,000
State Department Federal Credit Union (Savings) 0.10% 0.10% $1
Farmers Bank (MMA $25k) 0.15% 0.15% $25,000
Union Bank (Michigan) (Savings $10k) 0.15% 0.15% $10,000
Apple Federal Credit Union (MMA) 0.15% 0.15% $5
Presidential Bank, FSB (Savings) 0.15% 0.15% $100
Northwest Federal Credit Union (MMA $25k) 0.18% 0.18% $25,000
Langley FCU (MMA $25k) 0.20% 0.20% $25,000
Union Bank (Michigan) (Savings $25k) 0.20% 0.20% $25,000
Apple Federal Credit Union (MMA $10k) 0.20% 0.20% $10,000
Investors eAccess (MMA) 0.25% 0.25% $0
Old Dominion National Bank (MMA) 0.25% 0.25% $1,000
Presidential Bank, FSB (MMA) 0.25% 0.25% $1,000
Northpointe Bank (Savings) 0.25% 0.25% $100
Beal Bank USA (MMA) 0.25% 0.25% $1,000
Northpointe Bank (MMA) 0.25% 0.25% $2,500
Apple Federal Credit Union (MMA $25k) 0.25% 0.25% $25,000
Virginia Credit Union (MMA) 0.30% 0.30% $10,000
Presidential Bank, FSB (MMA $10k) 0.30% 0.30% $10,000
Old Dominion National Bank (Savings) 0.30% 0.30% $100
First Internet Bank of Indiana (Savings) 0.35% 0.35% $25
Virginia Credit Union (MMA $25k) 0.40% 0.40% $25,000
UFB Direct (Savings) 0.40% 0.40% $10,000
PurePoint Financial (Savings) 0.40% 0.40% $10,000
UFB Direct (MMA) 0.40% 0.40% $5,000
State Department Federal Credit Union (MMA) 0.40% 0.40% $2,000
UFB Direct (Savings) 0.40% 0.40% $0
Discover Bank (MMA) 0.45% 0.45% $0
BrioDirect (Savings) 0.50% 0.50% $25
Capital One (Savings) 0.50% 0.50% $0
Lone Star Bank (Savings) 0.50% 0.50% $200
Old Dominion National Bank (Savings $25k) 0.50% 0.50% $25,000
State Department Federal Credit Union (MMA $25k) 0.50% 0.50% $25,000
Beal Bank USA (MMA $25k) 0.51% 0.51% $25,000
Lone Star Bank (MMA) 0.53% 0.53% $250
CIT Bank (Savings) 0.55% 0.55% $100
Northpointe Bank (Savings $10k) 0.55% 0.54% $10,000
Northpointe Bank (MMA $10k) 0.55% 0.54% $10,000
VirtualBank (MMA) 0.55% 0.55% $100
DollarSavingsDirect (Savings) 0.55% 0.55% $1
Colorado Federal Savings Bank (Savings) 0.55% 0.55% $1
Sallie Mae Bank (Savings) 0.55% 0.55% $0
American Express National Bank (Savings) 0.60% 0.60% $1
Sallie Mae Bank (MMA) 0.60% 0.60% $0
BMO Harris Bank (MMA) 0.60% 0.60% $5,000
Ally Bank (Savings) 0.60% 0.60% $0
CIT Bank (MMA) 0.60% 0.60% $100
Pentagon Federal Credit Union (Savings) 0.60% 0.60% $5
BankDirect (MMA) 0.60% 0.60% $10,000
First Internet Bank of Indiana (MMA) 0.60% 0.60% $100
ableBanking, a division of Northeast Bank (MMA) 0.60% 0.60% $250
Rising Bank (Savings) 0.60% 0.60% $1,000
Citizens Access (Savings) 0.60% 0.60% $5,000
Sallie Mae (MMA) 0.60% 0.60% $0
Discover Bank (Savings) 0.60% 0.60% $0
Live Oak Bank (Savings) 0.70% 0.70% $0
Popular Direct (Savings) 0.70% 0.70% $5,000
CIBC Bank USA (Savings) 0.70% 0.70% $1
CFG Community Bank (MMA) 0.76% 0.76% $1,000
Salem Five Direct (Savings) 0.80% 0.80% $100

The listings that appear on this page are from companies from which this website may receive compensation, which may impact how, where and in what order products appear. Rates are accurate and available as of the date seen for Bankrate customers. Identify yourself as a Bankrate consumer to get the Bankrate.com rate. 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.

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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.

* The national average interest rate is currently 0.07% per the FDIC's website. Not all offers will earn 10x the interst rate over the national average. This figure is based on our highest advertised offer. Updated October, 2020.