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More Banks | APY | Rate | Min for APY | As of date |
---|---|---|---|---|
PNC Bank, NA Savings $25k | 0.01% | 0.01% | $0 | 7/26/2024 |
Burke & Herbert Bank & Trust Company MMA $10k | 0.01% | 0.01% | $0 | 7/26/2024 |
PNC Bank, NA Savings $10k | 0.01% | 0.01% | $0 | 7/26/2024 |
Fifth Third Bank MMA $10k | 0.01% | 0.01% | $0 | 7/26/2024 |
Amerant Bank MMA $10k | 0.01% | 0.01% | $0 | 7/26/2024 |
The Home Loan Savings Bank MMA | 0.01% | 0.01% | $0 | 7/26/2024 |
Bank of Hope MMA | 0.01% | 0.01% | $0 | 7/26/2024 |
Bank of Hope Savings | 0.01% | 0.01% | $0 | 7/26/2024 |
Burke & Herbert Bank & Trust Company MMA | 0.01% | 0.01% | $0 | 7/26/2024 |
Amerant Bank MMA | 0.01% | 0.01% | $0 | 7/26/2024 |
USAA Federal Savings Bank Savings | 0.01% | 0.01% | $0 | 7/26/2024 |
PNC Bank, NA Savings | 0.01% | 0.01% | $0 | 7/26/2024 |
Fifth Third Bank MMA | 0.01% | 0.01% | $0 | 7/26/2024 |
PNC Bank, NA MMA $10k | 0.02% | 0.02% | $0 | 7/26/2024 |
PNC Bank, NA MMA | 0.02% | 0.02% | $0 | 7/26/2024 |
Applied Bank MMA | 0.02% | 0.02% | $0 | 7/26/2024 |
First Federal Community Bank, NA Savings | 0.02% | 0.02% | $0 | 7/26/2024 |
First Federal Community Bank, NA Savings $10k | 0.02% | 0.02% | $0 | 7/26/2024 |
The Home Loan Savings Bank MMA $10k | 0.02% | 0.02% | $0 | 7/26/2024 |
PNC Bank, NA MMA $25k | 0.02% | 0.02% | $0 | 7/26/2024 |
First Federal Community Bank, NA Savings $25k | 0.02% | 0.02% | $0 | 7/26/2024 |
The Home Loan Savings Bank MMA $25k | 0.03% | 0.03% | $0 | 7/26/2024 |
Burke & Herbert Bank & Trust Company MMA $25k | 0.03% | 0.03% | $0 | 7/26/2024 |
First Federal Community Bank, NA MMA | 0.04% | 0.04% | $0 | 7/26/2024 |
America First FCU Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Farmers & Merchants Bank Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Washington Savings Bank Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Amerant Bank Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Burke & Herbert Bank & Trust Company Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Union Bank (Michigan) Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Applied Bank Savings | 0.05% | 0.05% | $0 | 7/26/2024 |
Washington Savings Bank MMA | 0.05% | 0.05% | $0 | 7/26/2024 |
Burke & Herbert Bank & Trust Company Savings $10k | 0.05% | 0.05% | $0 | 7/26/2024 |
Burke & Herbert Bank & Trust Company Savings $25k | 0.05% | 0.05% | $0 | 7/26/2024 |
The Home Loan Savings Bank Savings $25k | 0.07% | 0.07% | $0 | 7/26/2024 |
The Home Loan Savings Bank Savings $10k | 0.07% | 0.07% | $0 | 7/26/2024 |
The Home Loan Savings Bank Savings | 0.07% | 0.07% | $0 | 7/26/2024 |
Schools First FCU Savings $10k | 0.10% | 0.10% | $0 | 7/26/2024 |
Schools First FCU Savings | 0.10% | 0.10% | $0 | 7/26/2024 |
Bethpage Federal Credit Union Savings | 0.10% | 0.10% | $0 | 7/26/2024 |
Connexus Credit Union Savings | 0.10% | 0.10% | $0 | 7/26/2024 |
Bethpage Federal Credit Union Savings $25k | 0.10% | 0.10% | $0 | 7/26/2024 |
Bethpage Federal Credit Union Savings $10k | 0.10% | 0.10% | $0 | 7/26/2024 |
Schools First FCU Savings $25k | 0.10% | 0.10% | $0 | 7/26/2024 |
Farmers & Merchants Bank Savings $10k | 0.10% | 0.10% | $0 | 7/26/2024 |
Farmers & Merchants Bank Savings $25k | 0.15% | 0.15% | $0 | 7/26/2024 |
Union Bank (Michigan) Savings $10k | 0.15% | 0.15% | $0 | 7/26/2024 |
CIBC Bank USA MMA | 0.15% | 0.15% | $0 | 7/26/2024 |
Union Bank (Michigan) Savings $25k | 0.20% | 0.20% | $0 | 7/26/2024 |
Connexus Credit Union MMA | 0.25% | 0.25% | $0 | 7/26/2024 |
Northpointe Bank Savings | 0.25% | 0.25% | $0 | 7/26/2024 |
Lone Star Bank MMA | 0.25% | 0.25% | $0 | 7/26/2024 |
Presidential Bank, FSB MMA | 0.25% | 0.25% | $0 | 7/26/2024 |
TAB Bank MMA | 0.25% | 0.25% | $0 | 7/26/2024 |
Axos Bank MMA | 0.25% | 0.25% | $0 | 7/26/2024 |
WebBank Savings | 0.25% | 0.25% | $0 | 7/26/2024 |
Northpointe Bank MMA | 0.25% | 0.25% | $0 | 7/26/2024 |
Axos Bank MMA $10k | 0.25% | 0.25% | $0 | 7/26/2024 |
CIBC Bank USA MMA $10k | 0.25% | 0.25% | $0 | 7/26/2024 |
First Horizon Bank Savings $25k | 0.30% | 0.30% | $0 | 7/26/2024 |
First Horizon Bank Savings $10k | 0.30% | 0.30% | $0 | 7/26/2024 |
First Horizon Bank Savings | 0.30% | 0.30% | $0 | 7/26/2024 |
Northpointe Bank Savings $10k | 0.35% | 0.34% | $0 | 7/26/2024 |
Northpointe Bank MMA $10k | 0.35% | 0.34% | $0 | 7/26/2024 |
GTE Financial Credit Union MMA | 0.40% | 0.40% | $0 | 7/26/2024 |
First Federal Community Bank, NA MMA $10k | 0.40% | 0.40% | $0 | 7/26/2024 |
Lone Star Bank Savings | 0.40% | 0.40% | $0 | 7/26/2024 |
Union Bank (Michigan) MMA $25k | 0.45% | 0.45% | $0 | 7/26/2024 |
Union Bank (Michigan) MMA $10k | 0.45% | 0.45% | $0 | 7/26/2024 |
Union Bank (Michigan) MMA | 0.45% | 0.45% | $0 | 7/26/2024 |
Charles Schwab Bank Savings | 0.48% | 0.48% | $0 | 7/26/2024 |
First Horizon Bank MMA | 0.50% | 0.50% | $0 | 7/26/2024 |
First Horizon Bank MMA $25k | 0.50% | 0.50% | $0 | 7/26/2024 |
First Federal Community Bank, NA MMA $25k | 0.50% | 0.50% | $0 | 7/26/2024 |
First Horizon Bank MMA $10k | 0.50% | 0.50% | $0 | 7/26/2024 |
Presidential Bank, FSB Savings | 0.50% | 0.50% | $0 | 7/26/2024 |
Boeing Employees Credit Union Savings | 0.50% | 0.50% | $0 | 7/26/2024 |
Axos Bank Savings | 0.61% | 0.61% | $0 | 7/26/2024 |
GTE Financial Credit Union MMA $10k | 0.65% | 0.65% | $0 | 7/26/2024 |
GTE Financial Credit Union Savings | 0.75% | 0.75% | $0 | 7/26/2024 |
Bethpage Federal Credit Union MMA $25k | 0.75% | 0.75% | $0 | 7/26/2024 |
Bethpage Federal Credit Union MMA $10k | 0.75% | 0.75% | $0 | 7/26/2024 |
Schools First FCU MMA | 0.75% | 0.75% | $0 | 7/26/2024 |
FinWise Bank MMA | 0.75% | 0.75% | $0 | 7/26/2024 |
FinWise Bank Savings | 0.75% | 0.75% | $0 | 7/26/2024 |
Bethpage Federal Credit Union MMA | 0.75% | 0.75% | $0 | 7/26/2024 |
First Internet Bank of Indiana Savings | 0.81% | 0.80% | $0 | 7/26/2024 |
Amalgamated Bank Savings | 0.81% | 0.81% | $0 | 7/26/2024 |
Boeing Employees Credit Union MMA | 1.00% | 1.00% | $0 | 7/26/2024 |
Schools First FCU MMA $25k | 1.00% | 0.99% | $0 | 7/26/2024 |
Amalgamated Bank MMA $10k | 1.00% | 1.00% | $0 | 7/26/2024 |
Schools First FCU MMA $10k | 1.00% | 0.99% | $0 | 7/26/2024 |
Amalgamated Bank MMA | 1.00% | 1.00% | $0 | 7/26/2024 |
Vio Bank Savings | 1.10% | 1.09% | $0 | 7/26/2024 |
Banesco USA Savings | 1.35% | 1.34% | $0 | 7/26/2024 |
America First FCU MMA | 1.50% | 1.49% | $0 | 7/26/2024 |
BankPurely, a division of Flushing Bank Savings | 1.50% | 1.49% | $0 | 7/26/2024 |
Bank5 Connect Savings | 1.50% | 1.49% | $0 | 7/26/2024 |
FinWise Bank MMA $10k | 1.51% | 1.50% | $0 | 7/26/2024 |
CIT Bank, N.A MMA | 1.55% | 1.54% | $0 | 7/26/2024 |
America First FCU MMA $10k | 1.70% | 1.69% | $0 | 7/26/2024 |
Boeing Employees Credit Union MMA $10k | 1.75% | 1.74% | $0 | 7/26/2024 |
Amalgamated Bank Savings $25k | 1.76% | 1.75% | $0 | 7/26/2024 |
Amalgamated Bank Savings $10k | 1.76% | 1.75% | $0 | 7/26/2024 |
Synchrony Bank MMA | 2.25% | 2.22% | $0 | 7/26/2024 |
Varo Bank Savings | 3.00% | 2.96% | $0 | 7/26/2024 |
Northpointe Bank Savings $25k | 3.25% | 3.20% | $0 | 7/26/2024 |
Northpointe Bank MMA $25k | 3.25% | 3.20% | $0 | 7/26/2024 |
EverBank MMA | 3.75% | 3.68% | $0 | 7/26/2024 |
EverBank MMA | 3.75% | 3.68% | $0 | 7/27/2024 |
EverBank MMA | 3.75% | 3.68% | $0 | 7/27/2024 |
EverBank MMA | 3.75% | 3.68% | $0 | 7/27/2024 |
First Internet Bank of Indiana MMA | 3.77% | 3.70% | $0 | 7/26/2024 |
Discover Bank MMA | 4.00% | 3.92% | $0 | 7/26/2024 |
Ally Bank Savings | 4.20% | 4.11% | $0 | 7/26/2024 |
Ally Bank MMA | 4.20% | 4.11% | $0 | 7/26/2024 |
American Express National Bank Savings | 4.25% | 4.16% | $0 | 7/26/2024 |
Capital One Savings | 4.25% | 4.25% | $0 | 7/27/2024 |
American Express Savings | 4.25% | 4.16% | $1 | 7/27/2024 |
Discover Bank Savings | 4.25% | 4.16% | $0 | 7/26/2024 |
Quorum Federal Credit Union Savings | 4.25% | 4.17% | $0 | 7/26/2024 |
Live Oak Bank Savings | 4.40% | 4.31% | $0 | 7/26/2024 |
Sallie Mae Bank Savings | 4.50% | 4.40% | $0 | 7/26/2024 |
Quontic Bank Savings | 4.50% | 4.40% | $0 | 7/26/2024 |
Morgan Stanley Private Bank Savings | 4.50% | 4.40% | $0 | 7/26/2024 |
SoFi Savings | 4.60% | 4.60% | $0 | 7/27/2024 |
Sallie Mae Bank MMA | 4.65% | 4.55% | $0 | 7/26/2024 |
FNBO Direct Savings | 4.75% | 4.65% | $0 | 7/26/2024 |
Synchrony Bank Savings | 4.75% | 4.64% | $0 | 7/26/2024 |
Valley Direct Savings | 4.75% | 4.64% | $0 | 7/26/2024 |
Rising Bank Savings | 4.90% | 4.79% | $0 | 7/26/2024 |
Northern Bank Direct, a div of Northern Bank & Trust Company MMA | 4.95% | 4.84% | $0 | 7/26/2024 |
LendingClub Savings | 5.00% | 5.00% | $0 | 7/27/2024 |
CIT Bank, N.A Savings | 5.00% | 4.88% | $0 | 7/26/2024 |
CIBC Bank USA Savings | 5.01% | 4.90% | $0 | 7/27/2024 |
Salem Five Direct Savings | 5.01% | 4.89% | $0 | 7/26/2024 |
TAB Bank Savings | 5.02% | 4.90% | $0 | 7/26/2024 |
BankPurely, a division of Flushing Bank MMA | 5.05% | 4.94% | $0 | 7/26/2024 |
Popular Direct Savings | 5.05% | 4.93% | $0 | 7/26/2024 |
Primis Bank Savings | 5.07% | 4.95% | $0 | 7/26/2024 |
BMO Alto Savings | 5.10% | 4.96% | $0 | 7/27/2024 |
Western State Bank MMA | 5.15% | 5.02% | $0 | 7/26/2024 |
Bread Savings Savings | 5.15% | 5.02% | $0 | 7/27/2024 |
Jenius Bank Savings | 5.25% | 5.25% | $0 | 7/27/2024 |
UFB Direct MMA | 5.25% | 5.12% | $0 | 7/26/2024 |
UFB Direct Savings | 5.25% | 5.12% | $0 | 7/26/2024 |
VirtualBank, a division of First Horizon Bank MMA | 5.25% | 5.13% | $0 | 7/26/2024 |
CFG Community Bank MMA | 5.25% | 5.12% | $0 | 7/26/2024 |
Banesco USA MMA | 5.25% | 5.12% | $0 | 7/26/2024 |
Vio Bank MMA | 5.30% | 5.16% | $0 | 7/26/2024 |
Forbright Bank Savings | 5.30% | 5.30% | $0 | 7/27/2024 |
BrioDirect Savings | 5.30% | 5.16% | $0 | 7/26/2024 |
MyBankingDirect Savings | 5.45% | 5.31% | $0 | 7/26/2024 |
1 APY stands for Annual Percentage 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.
3 Not all banks are represented.
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.
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Min for APY | $0 | ||
---|---|---|---|
APY | 5.05% | Rate as of | 7/27/2024 |
Rate | 4.92% | Type | Savings |
Min for APY | $25 | ||
---|---|---|---|
APY | 0.03% | Rate as of | 7/27/2024 |
Rate | 0.03% | Type | Savings |
Min for APY | $50,000 | ||
---|---|---|---|
APY | 4.50% | Rate as of | 7/27/2024 |
Rate | 4.50% | Type | Savings |
Min for APY | $25 | ||
---|---|---|---|
APY | 0.01% | Rate as of | 7/27/2024 |
Rate | 0.01% | Type | Savings |
Min for APY | $0 | ||
---|---|---|---|
APY | 5.31% | Rate as of | 7/27/2024 |
Rate | 5.31% | Type | Savings |
Min for APY | $25 | ||
---|---|---|---|
APY | 0.01% | Rate as of | 7/27/2024 |
Rate | 0.01% | Type | Savings |
The one thing most children should be taught—though often, are not—is financial responsibility. Saving, setting goals, budgeting, and understanding how money works in our day-to-day lives. By opening a new children bank account, you give them ownership of their own money.
Open a savings account, help your children see their investments grow, and when they've obtained their goals, reward them with something they can buy.
It doesn't hurt that we represent some of the highest interest rates in banking. Many of our rates are 10 times higher than the national average. And, all investments are 100% insured by the FDIC up to $250,000.
Our rates are good for everyone. If you're not earning interest from your bank, we encourage you to sign up with a high yield savings account. Many local banks pay out 0.01% interest. Why not put your savings into an online bank and earn more?
See how our rates compare with the biggest banks below.
These banks don't have a minimum deposit, or the minimum deposit is much lower than other rates. Some banks require a significant amount of money to earn the reported rate. Banks marked for children are easy to open with little to no investment.
To see how much is required to receive the reported rate, hover over "Rate Information" below the bank's logo. Look for the "To Open" amount.
A good age to start teaching a child about money is between 6 and 8. You can start earlier with fake money, and teaching the concept of exchanging money for services. For example, make dinner a fake restaurant and have your children pay for the meal.
Starting as early as 6, children can earn an allowance, and invest that allowance into a bank account. They can start budgeting for their expenses, such as food, or rent.
Of course, it’s never too late to teach your child about money. Money is vital to our security and happiness. Any knowledge you can impart will be beneficial.
Editorial Disclosure: We work hard to present accurate information so you can make an informed decision. The content on this page does not represent the opinions of the banks we display. If you have any questions concerning this content, please contact us.