Highest Yielding Savings Account Rates for Fort Smith, AR

Includes Online Banks, Local Banks and Credit Unions / Updated June 6, 2023

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

    		4.50%
    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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    Discover Bank

    		3.90%
    Learn More on the Discover Bank website
  		• 5.25% Online Rate
    $2,000 Min. to Earn APY
    Luminary Money Market. Bank reports that this rate is available for new accounts only. External transfers are limited to $5,000/day and are not free.

    | 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% Online Rate
    $25,000 Min. to Earn APY
    Direct Money Market Account.
  		• 5.00% Online Rate
    $100 Min. to Earn APY
    Direct Savings. Bank reports that this rate is available for new accounts only.
  		• 4.92% Online Rate
    $1 Min. to Earn APY
    Online Savings Account.

    | 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% Online Rate
    $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

  		• 4.85% Online Rate
    $1 Min. to Earn APY
    Online transfers limited to $1,500 per day and $10,000 per month.

    | 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% Online Rate
    $1,000 Min. to Earn APY

    | 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

  		• 4.85% Online Rate
    $5,000 Min. to Earn APY
    Platinum Savings. Bank reports that this rate is available for new accounts only.

    | 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% Online Rate
    $1 Min. to Earn APY
    UFB Preferred Savings. Bank reports that this rate is for new customers only.

    | 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% Online Rate
    $0 Min. to Earn APY
    eMoneyMarket Special. Bank reports that rate is extended for new money only.
  		• 4.80% Online Rate
    $2,500 Min. to Earn APY
    Online Savings Account. Ivy Bank's Indexed Savings Account offers 4.17% APY.

    | 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% Online Rate
    $1 Min. to Earn APY

    | 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% Online Rate
    $0 Min. to Earn APY
    Interest Savings Account.

    | 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% Online Rate
    $1 Min. to Earn APY
    Money Market Premier. Bank reports that this rate is for new customers only.

    | October 13, 2022 |

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

  		• 4.75% Online Rate
    $50 Min. to Earn APY
    Money Market Account. Bank does not offer ACH processing; customers need to initiate ACH externally.

    | 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% Online Rate
    $100 Min. to Earn APY
    High-Yield Savings Account. Outbound transfers limited to $10,000/day or less.

    | April 1, 2023 |

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

  		• 4.55% Online Rate
    $0 Min. to Earn APY
    High Yield 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% Online Rate
    $1,000 Min. to Earn APY
    CIBC Agility Savings Account.

    | 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% Online Rate
    $0 Min. to Earn APY
    Personal Savings Account.

    | 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% Online Rate
    $1 Min. to Earn APY
    Not available to residents of states with PNC branch locations.
  		• 4.50% Online Rate
    $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).

    | 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% Online Rate
    $10,000 Min. to Earn APY
  		• 4.35% Online Rate
    $1 Min. to Earn APY
    MySavings Account.

    | 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% Online Rate
    $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% Online Rate
    $0 Min. to Earn APY

    | 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% Online Rate
    $1,000 Min. to Earn APY
    External outbound transfers are limited to $25,000 per day.

    | 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% Online Rate
    $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% Bank with nearby branch - View
    $25,000 Min. to Earn APY

    | May 27, 2023 |

    Citi Bank located on 15410 Whittier Blvd, Whittier, CA 90603 has violated CA BUSINESS AND PROFESSIONAL CODE 17200, Chapter 1 of Part 3 of Division 7. My husband and I, each with separate business accounts... More Reviews

  		• 4.25% Online Rate
    $100,000 Min. to Earn APY
  		• 4.15% Online Rate
    $0 Min. to Earn APY

    | 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% Online Rate
    $0 Min. to Earn APY
    Online Money Market Account. Ally's Online Savings account rate is only 3.75% 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

  		• 4.15% Online Rate
    $0 Min. to Earn APY
    External transfers may take up to 3 business days and may be limited to $25,000/day.

    | May 12, 2023 |

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

  		• 4.15% Online Rate
    $1 Min. to Earn APY

    | 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% Online Rate
    $1,000 Min. to Earn APY
  		• 4.05% Online Rate
    $0 Min. to Earn APY

    | May 27, 2023 |

    Citi Bank located on 15410 Whittier Blvd, Whittier, CA 90603 has violated CA BUSINESS AND PROFESSIONAL CODE 17200, Chapter 1 of Part 3 of Division 7. My husband and I, each with separate business accounts... More Reviews

  		• 4.02% Online Rate
    $25,000 Min. to Earn APY
  		• 4.00% Online Rate
    $0 Min. to Earn APY

    | December 6, 2022 |

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

  		• 4.00% Online Rate
    $0 Min. to Earn APY
  		• 4.00% Online Rate
    $0 Min. to Earn APY

    | 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% Online Rate
    $0 Min. to Earn APY

    | 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

  		• 4.00% Online Rate
    $0 Min. to Earn APY
    Required direct deposit. Rate is 1.20% without direct deposit.
  		• 4.00% Online Rate
    $1 Min. to Earn APY
  		• 3.92% Online Rate
    $100 Min. to Earn APY
  		• 3.87% Online Rate
    $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% Online Rate
    $0 Min. to Earn APY

    | 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% Online Rate
    $0 Min. to Earn APY
  		• 3.85% Online Rate
    $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

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.

The 4 Most Recognized Online Banks

Marcus by Goldman Sachs



Marcus, the online banking arm of Goldman Sachs, offers high Savings and No Penalty CD rates with no transaction fees ever. Throughout its existence, Marcus has been consistently interest rate competitive and offered super fast ACH transfers (although you can also deposit by check or wire transfer), easy web access and strong customer service. While the FDIC only insures an individual’s account balances to $250,000, you can maintain up to $1 million in a Marcus account.

Citizens Bank


Citizens logo

Citizens Bank N.A. is one of the oldest and most established banks in the US and has now been in the online banking space for several years. Accounts here have been consistently competitive and Citizens never charge any fees so long as you maintain a $5,000 balance.

Ally Bank



Ally Bank is the former GMAC bank but its strong advertising campaign has built an independent name recognition over the last decade. The bank today is known for its great customer service, user-friendly mobile apps, and low CD early withdrawal penalties. Once you open an Ally account, you also have access to offers on their suite of other products, including Ally Invest, a recently launched online trading platform.

Synchrony Bank



Synchrony Bank, formerly GE Capital Retail Bank, has offered very competitive online savings and CD rates for some time and is well recognized for its strong customer service. A Synchrony account gives access to a travel discount program and an ATM card for easier access to your cash. However, the bank lacks a mobile app and the website can be frustrating.

Summary of Online Savings Rates

Bank Institution Interest Rate (APY) Minimum Balance
for APY		 Best For
Brilliant Bank, a division of Equity Bank 5.25% $2,000 Money Market Account
TotalDirect, a division of City National Bank of Florida 5.07% $25,000 Money Market
Popular Direct 5.00% $100 Direct Savings
Primis Bank 4.92% $1 Online Savings Account
Vio Bank, A Division of MidFirst Bank 4.88% $100 Cornerstone Money Market
CIT Bank, a division of First-Citizens Bank and Trust 4.85% $5,000 Platinum Savings

RATES&INFO SAVINGS ACCOUNT QUESTIONS AND ANSWERS

What is a savings account?

A savings account is an interest-bearing bank account that allows you to preserve your cash. Your cash is secure as long as you remain within FDIC limits (or NCUA limits for federal credit unions).

What is a money market account?

A money market account is virtually identical to a savings account, except not bound by certain transaction restrictions (the most significant of which is a limit of 6 outbound transactions to outside bank accounts per month). Rates&Info does not distinguish between savings accounts and money market accounts. We list the best rates above for both products above.

Is my money safe in a savings or money market account?

As long as your total deposit accounts (savings, checking, CDs, etc.) with each bank do not exceed $250,000 for each ownership category, your deposits are insured in full by the Federal Deposit Insurance Corporation (FDIC) which is backed by the full faith and credit of the U.S. Learn more here. The National Credit Union Administration (NCUA) provides similar insurance for deposits with its member credit unions.

How do I find the best high interest savings account?

The table above lists the best online bank accounts with high interest rates. It also lists the highest yielding money market accounts and the best high yield savings account rates at banks and credit unions near you. By listing all of these rates on one table, Rates&Info enables you to determine the best bank for your savings account based on not just the best high yield savings rates that are available to you but also the convenience of a local branch.

What is the best online bank for savings?

The five most recognized online banks for savings in the US are currently Ally Bank, Barclays Bank Delaware, CIT Bank, Goldman Sachs Bank and Synchrony Bank. All of these have low account opening requirements and low or no minimum account maintenance requirements. The rates at these banks can vary. This table shows you which of these banks, and others, have the highest online savings account rates. Customer service levels, website and mobile app functionality, and transfer speeds also vary widely. User reviews on other websites may help you to determine which of these is the best for your needs.

What is the best easy access savings account? What is the best bank for savings accounts? What is the best regular savings account for me?

Many people still prefer to keep their money at local credit unions and local banks because they prefer personal (not telephonic or internet-based) interaction with their banks, want to build a relationship with a local banker for other transactional matters, and often need cash or cashier’s checks instantly. The table above demonstrates all of the rates in one table so that you can compare rates at these institutions with online rates. If online rates are more competitive than those rates at banks and credit unions near you, you should consider opening a savings account at a bank with a branch near you and tying it to an online savings account where you can keep cash above those minimum levels required by your local bank or credit union.

How do I open an online savings account?

Opening an online savings account or money market account is simple. Online banks first verify your identity through a driver’s license or other ID and a credit pull from Experian or Equifax (usually soft). You will then need to fund the account through mailing a check or entering an ABA and account number from an account that you may have at another bank (a funding account). Confirming ownership of the funding account requires entering your username and password for that account or confirming the amounts of one or two small test deposits after they have arrived.

What is the best fixed-rate savings account?

Savings rates can be lowered or raised at any time by the bank or credit union at their discretion. That is the nature of the product. If you have cash that you are extremely unlikely to require access to and seek a higher rate of return, you should consider a certificate of deposit (CD). You can compare CD rates at online banks, local banks and credit unions here.

What is the best child savings account?

A child savings account is a great way to teach children about the importance of saving money. This is a hard lesson to teach when rates are so low (and remain below real inflation rates)! Although some online banks (Ally and Capital One 360) offer these accounts, local banks are usually better set up for child savings accounts. Depending on the state in which you reside, a guardian (usually a parent) is required to open the account and to oversee the account until the age of 18 or 21. Because of the documentation required, you should consider opening a child savings account at a bank with which you or your spouse already have a banking relationship.

The graph above shows how the average rates for online savings accounts have trended over the last several years.

Learn More about online savings on BestCashCow →

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