Best Nationwide Online Savings and Money Market Account Rates

Updated January 27, 2023

All rates listed are Annual Percentage Yield (APY).
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    3.30%

  • 4.35%

    $1 Min. to Earn APY
    • Easy ACH transfers to other accounts without limits.
    • No fees or minimums.
    • Emigrant Bank, My Savings Direct's parent, has a history of offering competitive rates in one subsidiary, and then switching its focus to a different subsidiary.

    | December 28, 2022 |

    Everyone loves to attack this one, but I've had a few of these accounts and here's the one thing I know. If I go to their site and want to transfer money from my external account, it is a same day thing. I... More Reviews

  • 4.30%

    $2,000 Min. to Earn APY
    • Brilliant Bank only entered the online banking market in August 2022.
    • ACH transfers are limited to $5,000/day and charged at $2.55 per transfer.
    • Initial reviews are not glowing.

    | November 22, 2022 |

    The lady was nice on the phone but too many issues not ironed out. Would opt for a very slightly lower rate in order not to play guinea pig. More Reviews

  • 4.25%

    $0 Min. to Earn APY

    | January 4, 2023 |

    I've been a customer for many years. The folks are always really helpful. Just a great bank all around. I am not entirely sure about Western States as an online bank, might be hesitant to do business wi... More Reviews

  • 4.25%

    $1,000 Min. to Earn APY
    • Consistently competitive rates.
    • Friendly service that you would expect from a small bank.
    • $1,000 minimum to open.
    • External transfers are limited to $30,000 per week.
    • Paperless options are not available.

    | January 8, 2023 |

    I live in the Baltimore area. CFG is a local Maryland-only bank. It has been heavily covered in local media that they are the leading Maryland bankers for the cannabis industry here. Some will view that p... More Reviews

  • 4.21%

    $5,000 Min. to Earn APY
    • Sometimes offers competitive rates.
    • Bank reports that this rate is for new customers only.
    • Bank has a long history of alternating between competitive and non-competitive savings rates.
    • Customer reviews are not glowing.

    | January 6, 2023 |

    Ugh! I filled in all of the info requested, and received an email asking for documents (driver's license and utility bills). I sent them. Then I received a second request, this time with a link to go to fo... More Reviews

  • 4.17%

    $100 Min. to Earn APY
    Cornerstone Money Market Account. Bank reports that this account is available to new customers only. Old account holders in the savings product are earning 1.10%.

    | July 14, 2021 |

    My husband and I opened an account here. We were happy to get the slightly higher rate for a bit, but they were quick to lower it. And, then the fees started. More Reviews

  • 4.16%

    $5,000 Min. to Earn APY
    High-Rise savings. Rate available for new accounts only.
  • 4.15%

    $0 Min. to Earn APY
    • Consistently competitive rates.
    • No minimum balance, account fees or balance caps to earn best rate.
    • Bask Bank also offers a mileage savings account which earns American Airlines miles in lieu of interest.

    | December 4, 2022 |

    Great rates, so I opened a new savings account. Provided CORRECT information for my existing financial institute so funds could be transferred, but nothing ever showed up. Bask had no answers. Just repeate... More Reviews

  • 4.08%

    $50 Min. to Earn APY
    • Competitive rates.
    • Friendly service.
    • Bank does not offer ACH processing. Transfers must be initiated from outside bank.
    • Not a no fee account.

    | October 13, 2022 |

    Seems to be run by one really nice young lady who is working her ass off to answer the phone. I feel so sorry for her, but the absence of a transfer process made this one too difficult for me. More Reviews

  • 4.05%

    $100 Min. to Earn APY
    • Consistently competitive rates.
    • Competent friendly customer service.
    • Customers have been experiencing long wait times to reach customer service.
    • Some functionality has been removed from the website and it is no longer possible to close a No Penalty CD online.

    | October 13, 2022 |

    I just banks by their hold times and this one is out of hand now. Fortunately, they do have a call back option (and they do call back much later). My prior experiences with the bank would lead to a 5-st... More Reviews

  • 4.05%

    $2,500 Min. to Earn APY
    • Strong APY that has been consistently competitive.
    • Convenient transfer rules.
    • Cambridge Savings Bank, Ivy's parent, is over 188 years old.
    • $2,500 minimum deposit to open account.
    • Not available to CA residents.

    | September 20, 2022 |

    Quite pleased with this one so far. Rate is consistently above anything else. I am just hoping they continue to be in the top tier of competitiveness! More Reviews

  • 4.00%

    $0 Min. to Earn APY
    • No Minimum balance required.
    • No Transfer limits.
    • Free ATM card and no ATM fees.
    • May be slow to raise rates.
    • Name is concerning for a bank, but bank was previously Radius Bank.

    | September 18, 2022 |

    Let's see. A bank with a name like "LendingClub" that is focused on predatory straight cash lending in an economy that has gone from flush with cash to a deep recession (depression?) and that has a website... More Reviews

  • 4.00%

    $1 Min. to Earn APY
    • Highly responsive customer service by phone.
    • Rates are ordinarily competitive.
    • Transfer limits are $1,500/day and $10,000/month.
    • Customers report receiving lots of cross-selling solicitations for lending products.

    | December 12, 2022 |

    One of the better banks on this list. It is a local bank (in NJ and PA).
    That doesn't always gets you more personalized service on the online side, but in this case it does. I called once or twice and... More Reviews

  • 4.00%

    $100 Min. to Earn APY
    • Formerly known as Comenity Direct.
    • Outbound ACH transfers limited to $10,000/day or less.
    • Customers report receiving lots of cross-selling solicitations for lending products.

    | December 17, 2022 |

    Some serious amateur hour here. I have a small savings account that is connected to numerous external accounts. I thought I would throw a little into a 5-year CD because it is the top rate on this site, ... More Reviews

  • 4.00%

    $100 Min. to Earn APY
    • Rate requires download of bank app and recording of over 12,500 average daily steps (or 10,000 if over age of 65).
    • Easy transfers.
    • Consistently competitive rates.
    • Rates are much lower for those who do not meet step goals.

    | October 2, 2022

    easy workaround - open account with minimum balance, download app, do your steps, fund your account at end of month. easy. More Reviews

  • 4.00%

    $1,000 Min. to Earn APY
    • Consistently competitive savings rates.
    • No monthly fees.
    • Strong mobile app with full functionality.
    • $1,000 minimum deposit and minimum balance to obtain APY.
    • Bank assesses a $20 fee for closing account within 90 days.

    | October 11, 2022 |

    Never a problem. More Reviews

  • 3.90%

    $2,500 Min. to Earn APY
    ConnectionPlus Savings. New customers only, but existing customers may transfer assets online to new account.

    | April 12, 2022 |

    Opened account at the branch and discovered that I was only getting 0.20% and three months passed before I figured it out. Be careful with this one. More Reviews

  • 3.77%

    $1,000 Min. to Earn APY
    • Fast ACH transfers that are free of limits.
    • Friendly and helpful customer service.
    • Savings rate is not always competitive.
    • Bank fees may be assessed.

    | October 26, 2022 |

    The best bank in Canada by far. But, not competitive in the US at all. The good news is that I could move everything out to buy treasuries in my brokerage account with two clicks (unlike Synchrony which wa... More Reviews

  • 3.75%

    $0 Min. to Earn APY
    • Bank enables IRAs and trusts to open accounts.
    • Bank enables designating up to 10 beneficiaries.
    • Accounts may come with an ATM card and up to $5 per month in reimbursements for ATM fees.
    • Transfer limits are imposed that may limit you to withdrawing your money, unlike other well-recognized online banks.
    • Customer service is weaker than its competitors, and ordinarily not US-based.

    | October 20, 2022 |

    I have been banking with Synchrony for 7 years and am still amazed at how little they know about Banking 101! The eternal hold button works though! Will send letters looking for paperwork that was submitte... More Reviews

  • 3.75%

    $1 Min. to Earn APY
    • Very competitive rates with no monthly transaction or maintenance fees.
    • Citizens is one of the oldest and most established US financial institutions.
    • Customers may open savings and CD accounts in the name of a trust.
    • Account requires a $5,000 minimum balance to open and to earn interest.

    | May 17, 2022 |

    I have accounts at some of these other names where I make a little more, but if I need something (to access my cash or to cover an obligation somewhere), this is the place I go. Great service by phone too... More Reviews

  • 3.65%

    $0 Min. to Earn APY
    • Consistently competitive savings rates.
    • Friendly customer service that is very responsive.
    • Interest is paid quarterly, instead of monthly.

    | July 18, 2022 |

    And how is this an online bank if they are inundating me with invitations to a customer appreciation free movie showing in some remote location in Utah? More Reviews

  • 3.64%

    $1 Min. to Earn APY
    • Consistently among most competitive online savings rates.
    • Users complain of poor and inattentive customer service.
    • Website is poorly laid out and confusing.

    | October 30, 2022 |

    I got into this one and a couple of other small Utah banks last years when I saw that they were a little higher than national rates (something like 0.70% versus 0.50%). Whatever I made with this adjustme... More Reviews

  • 3.60%

    $100,000 Min. to Earn APY
  • 3.56%

    $100,000 Min. to Earn APY

    | January 8, 2022 |

    This is misleading to list this on this site. The account cannot be easily opened online. Wouldn't mess with it unless I were playing with millions anyway. And, then I wouldn't mess with it because who kno... More Reviews

  • 3.50%

    $0 Min. to Earn APY
    • A recognized institution that was formed by the merger of an average online bank and the Teachers Insurance and Annuity Association of America.
    • Savings and CD rates are ordinarily not competitive.
    • Website is very weak.
    • Customer service is inaccessible and very poor.

    | October 17, 2021 |

    The savings rate is 0.50% as listed here. Their money market rate is only 0.40%. These guys are deceptive! They keep one rate high so that customers like me see them on a site like this and go through and ... More Reviews

  • 3.50%

    $0 Min. to Earn APY
    • Easy ACH transfers to other accounts without limits.
    • No fees or minimums.
    • Emigrant Bank, DSD's parent, has a history of offering competitive rates in one subsidiary, and then switching its focus to a different subsidiary.

    | December 28, 2022 |

    Everyone loves to attack this one, but I've had a few of these accounts and here's the one thing I know. If I go to their site and want to transfer money from my external account, it is a same day thing. I... More Reviews

  • 3.50%

    $0 Min. to Earn APY
    • Competitive rate in higher rate environments.
    • Safer than money market funds options offered by other online banks.
    • Principally designed for ETrade customers.
  • 3.50%

    $1,000 Min. to Earn APY
    • Excellent customer service from a small Midwestern bank.
    • Outbound external transfers limited to $25,000 per day.
    • No penalty CDs will lose all accrued interest if terminated between quarterly payments.

    | June 21, 2021 |

    This account is great. Had first opened an online savings account and then I locked into the 18-month No Penalty CD. While interest is still lost if you get out before a quarterly payment date, it provides... More Reviews

  • 3.46%

    $50,000 Min. to Earn APY

    | December 12, 2022 |

    Great rate, easily application process. It is the only rate as of today that beats a 13-month Treas so makes sense for anyone like me in Florida or another 0 state tax. More Reviews

  • 3.40%

    $0 Min. to Earn APY
    • Often more rate-competitive than more recognized names.
    • Website is difficult to navigate.
    • Phone support seems to handle student loans, savings products and something called Smartypig.

    | January 7, 2023 |

    Called and asked them to match rates offered through save better for a 15 year client since directly offered rates are no longer competitive. Received nasty response. My only regret now is that I need to c... More Reviews

  • 3.40%

    $0 Min. to Earn APY
    • Easy ACH transfers with no limits.
    • Customer service is highly reviewed.
    • Barclays is not particularly rate competitive in a rising rate environment.
    • Liz Truss's government's economy policies are raising questions about the continued viability of UK financial institutions.

    | November 9, 2021 |

    Higher rate but same old bank. Still engages in a process of not crediting deposits for two days after they are drawn. As a result, any transfers initiated after Wednesday will miss earning interest over t... More Reviews

  • 3.35%

    $100 Min. to Earn APY
  • 3.30%

    $0 Min. to Earn APY
    • Friendly Tampa, FL-based customer service that is easy to reach by phone.
    • Can be configured to appear on same interface with any Capital One credit cards.
    • Rates have not been consistently competitive.
    • Branch network employees will not answer questions about online accounts.

    | December 6, 2022 |

    The MOST organized bank with easy to read online banking ever! More Reviews

  • 3.30%

    $0 Min. to Earn APY
    • Excellent customer service from a recognized name in the financial industry.
    • Whereas the bank had been rate competitive in the past, Amex does not appear poised to compete on rates in this cycle.
  • 3.30%

    $0 Min. to Earn APY
    • The most recognized name in online banking.
    • Easy to get into and out of No Penalty CDs online.
    • Ally offers very reasonable easy withdrawal penalties on CDs.
    • Ally is no longer a rate leader.
    • Customer service wait times are long.

    | August 1, 2022 |

    Hard to imagine how Ally got to be so bad, but 1 hour to speak with anyone on the phone is just not good business. It however is slightly better than my other bank which is CIT which hangs up on me. More Reviews

  • 3.30%

    $1 Min. to Earn APY
    • Online banking division of Goldman Sachs.
    • Highly rated mobile app with strong customer service.
    • Bank offers same day ACH transfers to external accounts.
    • No custodial accounts.
    • Higher rates are now extended to new customers and those existing customers who successfully promote the bank.

    | December 7, 2021 |

    I've been unable to log on all evening because of the AWS outage. Also, I waited on hold for over 1 hour before giving up. Unable to get access to my money and disappointed by the AWS reliance with no re... More Reviews

  • 3.30%

    $100 Min. to Earn APY
    New money only.
  • 3.25%

    $1 Min. to Earn APY
    • Competitive rates.
    • Friendly service from a family-owned bank.
    • $5,000/day ACH transfer limits.

    | October 13, 2022 |

    might be a good as a local bank, but not set up as an online bank More Reviews

  • 3.15%

    $1,000 Min. to Earn APY
  • 3.10%

    $1,000 Min. to Earn APY
  • 3.01%

    $500 Min. to Earn APY
  • 3.00%

    $1 Min. to Earn APY
  • 3.00%

    $1 Min. to Earn APY
  • 2.70%

    $100 Min. to Earn APY

    | January 24, 2023 |

    Opened a high yield savings account in minutes. Got it linked to my local CU savings account in a couple of days. Can move money in and out easily to get the much higher interest than my local CU.
    A l... More Reviews

  • 2.50%

    $300,000 Min. to Earn APY
  • 2.00%

    $1 Min. to Earn APY
  • 2.00%

    $5 Min. to Earn APY
  • 1.72%

    $230,000 Min. to Earn APY
  • 1.51%

    $25,000 Min. to Earn APY
All rates listed above are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point.

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