Best Nationwide Online Savings and Money Market Account Rates

Updated June 7, 2023

All rates listed are Annual Percentage Yield (APY).
  • Annual Percentage Yield Details
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    4.50%

    No fee online savings account with a great rate. Member FDIC.
    • 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.
    Learn More on the Citizens website
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    | 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

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    4.85%

    Earn over 17x the national savings average. New money only. FDIC insured.
    • Consistently competitive savings rates.
    • No monthly fees.
    • Strong mobile app with full functionality.
    Learn More on the First Foundation Bank website

    | May 8, 2023 |

    This is just a wonderful bank to do business with. I have some concerns about all of these smaller California banks so my husband and I just stay below FDIC insurance amounts ($500,000 as a couple). It is ... More Reviews

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    4.00%

    Grow your money with a high yielding savings account. Member FDIC.
    Learn More on the Discover Bank website

  • 5.25%

    		$2,000 Min. to Earn APY
    • Brilliant Bank 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.
    • Bank reports that this rate is available for new accounts online. Customers who opened money market accounts prior to use of the "Luminary" name are earning a lower rate.

    | 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

  • 5.07%

    		$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.

    | May 22, 2023

    Your personal experiences OUTSIDE the bank shouldn't be the basis for your review of how the bank actually functions. More Reviews

  • 5.07%

    		$25,000 Min. to Earn APY
    • City National Bank of Florida, TotalDirect's parent, is owned by Banco de Crédito e Inversiones, a Chilean bank.
    • Users complain of customer service that is impossible to reach by phone or online, and difficulties with transfers.
    • Accounts are not permitted for residents of Florida, Puerto Rico, American Samoa, Guam, Northern Mariana Islands and the US Virgin Islands

  • 5.00%

    		$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 for a few months and then making that rate less competitive and focusing on 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

  • 5.00%

    		$100 Min. to Earn APY
    • Rate is extended for new customers only. Customers who opened accounts with the "High Rise" or "Ultimate" Savings names are earning a much lower rate.
    • Customers complain of web glitches in the application and the user experiences.
    • Transfers inbound and outbound may be restricted.

  • 4.92%

    		$1 Min. to Earn APY
    • No service fees or transaction limits.
    • Rate available to online accountholders only.
    • Online banking portal is reported to have been down frequently since February 2023 product launch.

    | April 29, 2023 |

    Primis's online savings account is a half-baked product that isn't ready for market. They brought this live and expect their customers to be these beta testers. I'd choose something else. More Reviews

  • 4.88%

    		$100 Min. to Earn APY
    • Customers appreciate friendly service of a small, mid-Western family owned bank.
    • Rate is extended for new customers only and customers who are not paying regular attention may be earning a much lower rate.
    • Web experience is generally considered to be average.
    • Transfers inbound and outbound are severely restricted.

    | 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

  • 4.85%

    		$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.

    | February 7, 2023 |

    I was a customer for years but they would not give me the 3.68% money market unless I was a new customer.... so I am no longer a customer More Reviews

  • 4.85%

    		$5,000 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.

    | May 3, 2023 |

    Something changed with CIT. They are offering a higher rate, but funding it by substantially increasing the hold times on transfers out and in. Marcus is terrible with the rates, but I can still get my m... More Reviews

  • 4.81%

    		$1 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.

    | March 13, 2023

    Correction: Apparently, they profit by paying less interest on previously opened accounts, where the lower rate stays the same, unless YOU request the account be converted to the NEWLY advertised account N... More Reviews

  • 4.80%

    		$0 Min. to Earn APY
    • Rate is extended for new customers only and customers who are not paying regular attention may be earning a much lower rate.
    • Web experience is not well reviewed.
    • Wall Street analysts believe that First Horizon Bank may be in jeopardy following its failed acquisition by TD Bank.

  • 4.80%

    		$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.

    | April 26, 2023 |

    Sometimes slow to raise the rate, but they always do. Service is fine. Would be five stars but transfers take days. More Reviews

  • 4.76%

    		$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

  • 4.75%

    		$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.

    | March 28, 2023 |

    I've had accounts with all of the more recognized banks over the years. Bask is the best for service and transfers, and the rate is better than any other. I will stick with Bask. More Reviews

  • 4.75%

    		$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

  • 4.75%

    		$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.

    | April 3, 2023 |

    everything is a challenge for these guys.

    I would not recommend it to anyone outside their geography who can get to one of their physical locations to fix stuff in person. More Reviews

  • 4.65%

    		$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.

    | April 1, 2023 |

    I like the fact that the rate is now competitive, and nothing else about this bank. More Reviews

  • 4.55%

    		$0 Min. to Earn APY
    • Bank will ask for extensive information to verify identity and may do a hard credit pull before opening a money market account.

    | 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

  • 4.52%

    		$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.

    | May 30, 2023 |

    Thank you to this site for showing this CD rate. I could not find it on the three leading sites (Bankrate, BestCashCow or Nerdwallet). Heck, I couldn't even find it easily on CIBC's own website, but that... More Reviews

  • 4.50%

    		$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

  • 4.50%

    		$1 Min. to Earn APY
    Not available to residents of states with PNC branch locations.

  • 4.50%

    		$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

  • 4.50%

    		$10,000 Min. to Earn APY

  • 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

  • 4.33%

    		$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

  • 4.30%

    		$250,000 Min. to Earn APY

    | 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

  • 4.25%

    		$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

  • 4.25%

    		$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

  • 4.25%

    		$2,500 Min. to Earn APY

  • 4.25%

    		$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

  • 4.25%

    		$100,000 Min. to Earn APY

  • 4.15%

    		$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

  • 4.15%

    		$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

  • 4.15%

    		$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.

    | May 12, 2023 |

    I can’t get a real live person ever! Don’t use them ! More Reviews

  • 4.15%

    		$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

  • 4.10%

    		$1,000 Min. to Earn APY

  • 4.02%

    		$25,000 Min. to Earn APY

  • 4.00%

    		$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

  • 4.00%

    		$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.

  • 4.00%

    		$0 Min. to Earn APY

    | 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

  • 4.00%

    		$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

  • 4.00%

    		$0 Min. to Earn APY
    Required direct deposit. Rate is 1.20% without direct deposit.

  • 4.00%

    		$1 Min. to Earn APY

  • 3.92%

    		$100 Min. to Earn APY

  • 3.87%

    		$0 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

  • 3.85%

    		$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

  • 3.85%

    		$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.
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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