Great Online
Bank Accounts
FDIC Insured
up to $250,000
Higher Rates vs National Average
Great Online
Bank Accounts
FDIC Insured
up to $250,000
Higher Rates vs National Average
Advertiser Disclosure
| More Banks | APY | Rate | For APY | As of date |
|---|---|---|---|---|
| Burke & Herbert Bank & Trust Company MMA | 0.01% | 0.01% | $1,000 | 3/31/2023 |
| Bank of Hope Savings | 0.01% | 0.01% | $500 | 3/31/2023 |
| Truist MMA | 0.01% | 0.01% | $200 | 3/31/2023 |
| Bank of America Savings | 0.01% | 0.01% | $100 | 3/31/2023 |
| Truist Savings | 0.01% | 0.01% | $25 | 3/31/2023 |
| Applied Bank MMA | 0.02% | 0.02% | $500 | 3/31/2023 |
| TD Bank, NA Savings | 0.02% | 0.02% | $1 | 3/31/2023 |
| Woodforest National Bank Savings | 0.03% | 0.03% | $25 | 3/31/2023 |
| Armed Forces Bank, N.A. Savings | 0.03% | 0.03% | $25 | 3/31/2023 |
| Burke & Herbert Bank & Trust Company MMA $25k | 0.03% | 0.03% | $25,000 | 3/31/2023 |
| GTE Financial Credit Union Savings | 0.05% | 0.05% | $100 | 3/31/2023 |
| America First FCU Savings | 0.05% | 0.05% | $1 | 3/31/2023 |
| Northwest Federal Credit Union Savings | 0.05% | 0.05% | $1 | 3/31/2023 |
| Apple Federal Credit Union Savings | 0.05% | 0.05% | $5 | 3/31/2023 |
| Woodforest National Bank MMA | 0.05% | 0.05% | $25 | 3/31/2023 |
| Washington Savings Bank Savings | 0.05% | 0.05% | $50 | 3/31/2023 |
| Burke & Herbert Bank & Trust Company Savings | 0.05% | 0.05% | $50 | 3/31/2023 |
| Pendleton Community Bank, Inc. Savings | 0.05% | 0.05% | $50 | 3/31/2023 |
| Union Bank (Michigan) Savings | 0.05% | 0.05% | $50 | 3/31/2023 |
| Applied Bank Savings | 0.05% | 0.05% | $100 | 3/31/2023 |
| Citibank MMA | 0.05% | 0.05% | $100 | 3/31/2023 |
| Old Dominion National Bank Savings | 0.05% | 0.05% | $100 | 3/31/2023 |
| Washington Savings Bank MMA | 0.05% | 0.05% | $2,500 | 3/31/2023 |
| Farmers Bank MMA | 0.05% | 0.05% | $1,000 | 3/31/2023 |
| Woodforest National Bank Savings $10k | 0.05% | 0.05% | $10,000 | 3/31/2023 |
| Langley FCU MMA | 0.05% | 0.05% | $100 | 3/31/2023 |
| Langley FCU Savings | 0.05% | 0.05% | $100 | 3/31/2023 |
| Virginia Credit Union MMA | 0.05% | 0.05% | $100 | 3/31/2023 |
| Old Dominion National Bank Savings $10k | 0.10% | 0.10% | $10,000 | 3/31/2023 |
| Farmers Bank MMA $10k | 0.10% | 0.10% | $10,000 | 3/31/2023 |
| United Bank Savings | 0.10% | 0.10% | $2,500 | 3/31/2023 |
| Farmers Bank Savings | 0.10% | 0.10% | $100 | 3/31/2023 |
| Schools First FCU Savings | 0.10% | 0.10% | $5 | 3/31/2023 |
| State Department Federal Credit Union Savings | 0.10% | 0.10% | $1 | 3/31/2023 |
| Presidential Bank, FSB Savings | 0.15% | 0.15% | $100 | 3/31/2023 |
| Investors eAccess MMA | 0.15% | 0.15% | $0 | 4/1/2023 |
| Wells Fargo Savings | 0.15% | 0.15% | $25 | 3/31/2023 |
| Farmers Bank MMA $25k | 0.15% | 0.15% | $25,000 | 3/31/2023 |
| Pendleton Community Bank, Inc. MMA | 0.15% | 0.15% | $1,000 | 3/31/2023 |
| Union Bank (Michigan) Savings $10k | 0.15% | 0.15% | $10,000 | 3/31/2023 |
| Union Bank (Michigan) MMA | 0.15% | 0.15% | $5,000 | 3/31/2023 |
| Union Bank (Michigan) Savings $25k | 0.20% | 0.20% | $25,000 | 3/31/2023 |
| Pendleton Community Bank, Inc. MMA $25k | 0.20% | 0.20% | $25,000 | 3/31/2023 |
| Axos Bank MMA | 0.25% | 0.25% | $1 | 3/31/2023 |
| Northpointe Bank MMA | 0.25% | 0.25% | $2,500 | 3/31/2023 |
| Sandy Spring Bank MMA | 0.25% | 0.25% | $2,500 | 3/31/2023 |
| WebBank Savings | 0.25% | 0.25% | $1,000 | 3/31/2023 |
| Presidential Bank, FSB MMA | 0.25% | 0.25% | $1,000 | 3/31/2023 |
| Lone Star Bank MMA | 0.25% | 0.25% | $250 | 3/31/2023 |
| Northpointe Bank Savings | 0.25% | 0.25% | $100 | 3/31/2023 |
| Wells Fargo MMA | 0.25% | 0.25% | $50 | 3/31/2023 |
| Sandy Spring Bank Savings | 0.25% | 0.25% | $25 | 3/31/2023 |
| First Horizon Bank Savings | 0.30% | 0.30% | $50 | 3/31/2023 |
| Presidential Bank, FSB MMA $10k | 0.30% | 0.30% | $10,000 | 3/31/2023 |
| Northpointe Bank MMA $10k | 0.35% | 0.34% | $10,000 | 3/31/2023 |
| Northpointe Bank Savings $10k | 0.35% | 0.34% | $10,000 | 3/31/2023 |
| BMO Harris Bank MMA | 0.35% | 0.35% | $5,000 | 4/1/2023 |
| GTE Financial Credit Union MMA | 0.35% | 0.35% | $2,500 | 3/31/2023 |
| Lone Star Bank Savings | 0.40% | 0.40% | $200 | 3/31/2023 |
| Apple Federal Credit Union MMA | 0.40% | 0.40% | $5 | 3/31/2023 |
| PurePoint Financial Savings | 0.40% | 0.40% | $10,000 | 4/1/2023 |
| GTE Financial Credit Union MMA $10k | 0.50% | 0.50% | $10,000 | 3/31/2023 |
| FinWise Bank MMA | 0.50% | 0.50% | $1,000 | 3/31/2023 |
| FinWise Bank Savings | 0.50% | 0.50% | $500 | 3/31/2023 |
| Boeing Employees Credit Union Savings | 0.50% | 0.50% | $1 | 3/31/2023 |
| Schools First FCU MMA | 0.55% | 0.55% | $2,000 | 3/31/2023 |
| Fulton Bank, NA MMA | 0.55% | 0.55% | $1,000 | 3/31/2023 |
| Banesco USA Savings | 0.55% | 0.55% | $300 | 4/1/2023 |
| Northwest Federal Credit Union MMA | 0.56% | 0.56% | $1 | 3/31/2023 |
| First Horizon Bank MMA | 0.60% | 0.60% | $50 | 3/31/2023 |
| Axos Bank Savings | 0.61% | 0.61% | $250 | 3/31/2023 |
| Northwest Federal Credit Union MMA $25k | 0.64% | 0.64% | $25,000 | 3/31/2023 |
| Langley FCU MMA $10k | 0.65% | 0.65% | $10,000 | 3/31/2023 |
| Fulton Bank, NA MMA $10k | 0.65% | 0.65% | $10,000 | 3/31/2023 |
| United Bank MMA | 0.65% | 0.65% | $1,000 | 3/31/2023 |
| Amalgamated Bank Savings | 0.66% | 0.66% | $1 | 3/31/2023 |
| Amalgamated Bank MMA | 0.70% | 0.70% | $1 | 3/31/2023 |
| Amalgamated Bank Savings $10k | 0.75% | 0.75% | $10,000 | 3/31/2023 |
| Schools First FCU MMA $10k | 0.75% | 0.75% | $10,000 | 3/31/2023 |
| Popular Community Bank Savings | 0.75% | 0.75% | $5,000 | 4/1/2023 |
| Amalgamated Bank MMA $25k | 0.80% | 0.80% | $25,000 | 3/31/2023 |
| First Internet Bank of Indiana Savings | 0.80% | 0.80% | $25 | 3/31/2023 |
| Langley FCU MMA $25k | 0.85% | 0.85% | $25,000 | 3/31/2023 |
| Fulton Bank, NA MMA $25k | 0.85% | 0.85% | $25,000 | 3/31/2023 |
| First Horizon Bank MMA $10k | 0.85% | 0.85% | $10,000 | 3/31/2023 |
| America First FCU MMA | 0.85% | 0.85% | $1 | 3/31/2023 |
| Old Dominion National Bank MMA | 1.00% | 1.00% | $1,000 | 3/31/2023 |
| Apple Federal Credit Union MMA $10k | 1.01% | 1.00% | $10,000 | 3/31/2023 |
| Apple Federal Credit Union MMA $25k | 1.05% | 1.04% | $25,000 | 3/31/2023 |
| Armed Forces Bank, N.A. MMA | 1.06% | 1.06% | $25 | 3/31/2023 |
| Armed Forces Bank, N.A. MMA $10k | 1.16% | 1.16% | $10,000 | 3/31/2023 |
| State Department Federal Credit Union MMA | 1.21% | 1.20% | $2,000 | 3/31/2023 |
| Armed Forces Bank, N.A. MMA $25k | 1.26% | 1.26% | $25,000 | 3/31/2023 |
| State Department Federal Credit Union MMA $25k | 1.26% | 1.25% | $25,000 | 3/31/2023 |
| Banesco USA MMA | 1.35% | 1.35% | $2,500 | 4/1/2023 |
| Banesco USA MMA | 1.35% | 1.34% | $2,500 | 3/31/2023 |
| Banesco USA Savings | 1.35% | 1.34% | $100 | 3/31/2023 |
| Virginia Credit Union MMA $10k | 1.50% | 1.49% | $10,000 | 3/31/2023 |
| BankPurely, a division of Flushing Bank Savings | 1.50% | 1.49% | $100 | 3/31/2023 |
| Bank5 Connect Savings | 1.50% | 1.49% | $100 | 3/31/2023 |
| FinWise Bank MMA $10k | 1.51% | 1.50% | $10,000 | 3/31/2023 |
| Boeing Employees Credit Union MMA | 1.51% | 1.50% | $1 | 3/31/2023 |
| America First FCU MMA $10k | 1.65% | 1.64% | $10,000 | 3/31/2023 |
| Virginia Credit Union MMA $25k | 1.75% | 1.74% | $25,000 | 3/31/2023 |
| Pentagon FCU Savings | 2.70% | 2.68% | $5 | 4/1/2023 |
| Varo Bank Savings | 3.00% | 2.96% | $1 | 3/31/2023 |
| Quorum Savings | 3.00% | 2.96% | $10,000 | 4/1/2023 |
| Bank of Hope MMA | 3.04% | 3.00% | $10,000 | 3/31/2023 |
| Northpointe Bank MMA $25k | 3.25% | 3.20% | $25,000 | 3/31/2023 |
| Northpointe Bank Savings $25k | 3.25% | 3.20% | $25,000 | 3/31/2023 |
| FNBO Direct Savings | 3.40% | 3.34% | $1 | 3/31/2023 |
| DollarSavingsDirect Savings | 3.50% | 3.44% | $1 | 4/1/2023 |
| Quorum Federal Credit Union Savings | 3.50% | 3.44% | $1 | 3/31/2023 |
| Morgan Stanley Private Bank Savings | 3.50% | 3.44% | $1 | 3/31/2023 |
| Discover Bank MMA | 3.50% | 3.44% | $0 | 4/1/2023 |
| First Internet Bank of Indiana MMA | 3.56% | 3.50% | $100 | 3/31/2023 |
| Discover Bank Savings | 3.60% | 3.54% | $0 | 4/1/2023 |
| Quontic Bank MMA | 3.75% | 3.68% | $100 | 3/31/2023 |
| Colorado Federal Savings Bank Savings | 3.75% | 3.69% | $1 | 3/31/2023 |
| American Express National Bank Savings | 3.75% | 3.68% | $0 | 4/1/2023 |
| VirtualBank MMA | 3.87% | 3.80% | $100 | 3/31/2023 |
| Sallie Mae Savings | 3.95% | 3.87% | $0 | 4/1/2023 |
| Live Oak Bank Savings | 4.00% | 3.92% | $0 | 4/1/2023 |
| Quontic Bank Savings | 4.05% | 3.97% | $100 | 3/31/2023 |
| Sallie Mae MMA | 4.05% | 3.97% | $0 | 4/1/2023 |
| Valley Bank Savings | 4.20% | 4.11% | $1 | 4/1/2023 |
| BMO Harris Bank Savings | 4.20% | 4.11% | $0 | 4/1/2023 |
| Rising Bank Savings | 4.25% | 4.17% | $1,000 | 3/31/2023 |
| LendingClub Bank Savings | 4.25% | 4.17% | $1 | 3/31/2023 |
| LendingClub Savings | 4.25% | 4.25% | $0 | 4/1/2023 |
| CIBC Bank USA Savings | 4.27% | 4.19% | $1 | 4/1/2023 |
| Primis Bank Savings | 4.35% | 4.27% | $1 | 3/31/2023 |
| MySavingsDirect Savings | 4.35% | 4.26% | $0 | 4/1/2023 |
| MyBankingDirect Savings | 4.38% | 4.29% | $500 | 3/31/2023 |
| BankPurely, a division of Flushing Bank MMA | 4.45% | 4.35% | $25,000 | 3/31/2023 |
| Vio Bank Savings | 4.50% | 4.40% | $100 | 4/1/2023 |
| Salem Five Direct Savings | 4.61% | 4.52% | $10 | 4/1/2023 |
| CIT Bank Savings | 4.75% | 4.64% | $5,000 | 4/1/2023 |
| CFG Community Bank MMA | 5.02% | 4.90% | $1,000 | 3/31/2023 |
| UFB Direct MMA | 5.02% | 4.90% | $5,000 | 3/31/2023 |
| UFB Direct Savings | 5.02% | 4.90% | $0 | 3/31/2023 |
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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| For APY | $0 | ||
|---|---|---|---|
| APY | 3.40% | Rate as of | 4/1/2023 |
| Rate | 3.40% | Type | Savings |
| For APY | $25 | ||
|---|---|---|---|
| APY | 0.03% | Rate as of | 4/1/2023 |
| Rate | 0.03% | Type | Savings |
| For APY | $0 | ||
|---|---|---|---|
| APY | 4.00% | Rate as of | 4/1/2023 |
| Rate | 4.00% | Type | Savings |
| For APY | $25 | ||
|---|---|---|---|
| APY | 0.01% | Rate as of | 4/1/2023 |
| Rate | 0.01% | Type | Savings |
| For APY | $5,000 | ||
|---|---|---|---|
| APY | 4.40% | Rate as of | 4/1/2023 |
| Rate | 4.40% | Type | MMA |
| For APY | $25 | ||
|---|---|---|---|
| APY | 0.01% | Rate as of | 4/1/2023 |
| Rate | 0.01% | Type | Savings |
| For APY | $1 | ||
|---|---|---|---|
| APY | 4.25% | Rate as of | 4/1/2023 |
| Rate | 4.25% | Type | Savings |
| For APY | $25 | ||
|---|---|---|---|
| APY | 0.05% | Rate as of | 4/1/2023 |
| Rate | 0.05% | Type | Savings |
| For APY | $0 | ||
|---|---|---|---|
| APY | 3.80% | Rate as of | 4/1/2023 |
| Rate | 3.80% | Type | Savings |
| For APY | $25 | ||
|---|---|---|---|
| APY | 0.05% | Rate as of | 4/1/2023 |
| Rate | 0.05% | 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.