Check Out the Top Interest Savings Accounts for 2023!
Embrace the thrill of financial success by taking advantage of new opportunities and diversifying your funds. Take the plunge and start building your savings – you won't regret it!
Ready to get started on your journey to financial freedom? Check out this list of the best interest savings accounts in the U.S. right now. We've done the hard work of researching APY, other services, FDIC insurance, online reviews, and minimum balance to provide you with the best options available. With this list in hand, you’ll be well on your way to saving more and smartly!
Remember that Annual Percentage Yields (APYs) can fluctuate at any given time, but the figures provided here are from some of the top financial institutions as of January 2023.
Ally Bank
Take advantage of an amazing 0.50% Annual Percentage Yield and no minimum balance requirement with our savings account!
With its user-friendly features and no extra fees or monthly minimums, Ally Bank makes managing your finances as easy as possible. Boasting a highly competitive APY of 0.50%, you can open an account and start depositing remotely with no hassle. Plus, when you need help, you can access 24/7 remote support. Even better, Ally Bank integrates with Amazon Alexa, so you can move money between accounts with just a simple voice command. Additionally, they offer CDs, checking accounts, and IRA savings options. With Ally Bank, you get the convenience you need to store, grow, and access your funds with ease.
Despite not having any physical locations, Ally Bank is an excellent choice for your banking needs. While you can't deposit money at an ATM or visit a branch, you can easily arrange a wire transfer from another institution, have your employer send a direct deposit, or mail a physical check to their offices in Philadelphia.
American Express Savings
Enjoy a generous annual percentage yield of 0.50% with no minimum balance required! Take advantage of this opportunity now and start earning more from your money.
Unlock the power of your money with American Express’s personal savings option. With the trusted name and security of a large, established brand, you can enjoy an APY of 0.50% and reap the benefits of their commitment to financial education. Access valuable resources and articles on their website and take advantage of 24/7 customer support. Start saving today with American Express!
With AmEx, you can enjoy up to nine withdrawals per month, making it easier to manage your budget and cover unexpected expenses.
American Express may offer great personal savings and credit options, but unfortunately, they don't have a functional checking option. That's a definite drawback if you're looking for a one-stop banking provider. They do offer prepaid debit cards, but these should not be confused with debit cards that are connected directly to a checking account. If you're someone who uses a debit card frequently, you might want to look into a different provider.
Marcus by Goldman Sachs
Earn an impressive 0.50% APY on your money with zero minimum balance requirement! Store your funds and start earning great returns today.
If you're looking for a better-than-average savings account, Marcus by Goldman Sachs is the perfect choice. With an impressive APY of 0.50%, you'll be earning 10x more than the current national average of 0.05%. And that's not all: Marcus also offers CDs and loan options, making it a great all-in-one financial solution.
While Amex may be hard to come by, Marcus provides an easy way to link to other financial institutions. If you're looking for a second savings account that you won't need immediate access to, this account is an ideal option.
Vio Bank
Open a high-yield savings account today and enjoy an impressive 0.66% APY with just a $100 minimum balance!
Vio Bank stands out as a top choice with their incredibly competitive APY rate. They specialize in CDs, high-yield savings accounts, and offer a 100% online platform. With MidFirst Bank as their trusted banking partner, Vio brings traditional banking security and usability to an online platform, making it an ideal option for many.
Despite offering an attractive APY, Vio does have a couple of drawbacks. Unfortunately, they don't offer a checking service, which means you'll have to look elsewhere for a one-stop shop for all your online banking needs. Additionally, there's a minimum $100 deposit requirement to open an account, so bear this in mind if you’re just starting to save.
If you're looking to start building your savings with just a little bit of money (at least $100!), Vio Bank is a great option to get the most out of your funds.
LandMark Credit Union
Earn 7.50% Annual Percentage Yield (APY) on your first $500 deposited with us! Unlock the potential of your savings and take advantage of this great rate today!
No minimum balance required!
Experience financial freedom with Landmark Credit Union! This online bank is expanding rapidly, offering competitive interest rates and a wide range of services. From mobile banking to home equity loans, student loans, auto loans, and personal loans, the possibilities are endless. Plus, every member receives a VISA debit card to make accessing their funds easier than ever. Don't wait any longer - join Landmark Credit Union today!
Take advantage of this incredible offer! Right now, new savings customers can get a staggering 7.50% APY on their first $500 deposit. All you need to do is set up a qualifying direct deposit of $250 or more, and you're good to go! Just remember, if you close the account before 90 days, you'll face a $100 penalty - but with a rate like that, we think it's worth it!
Webster Bank
Experience an incredible 9.18% Annual Percentage Yield (APY) today!
No Minimum Balance Required!
Take advantage of Webster Bank's incredible 9.18% APY when you open a Save Market Savings Account! With just a few clicks, you can sign up online, select your deposit amount, choose your term length (up to 5 years), and pick an investment portfolio. Don't wait - lock in your savings with this unbeatable rate today!
Don't risk your deposit, but enjoy market-driven yields that pay out at the end of your pre-established investment term! This innovative concept combines the best of both worlds - the returns of an investment account with the security of a savings account.
Phoenix Capital Group
Earn up to 12% APY with this incredible opportunity!
Since 2003, Phoenix Capital Group has been empowering entrepreneurs and management teams to maximize their potential. Specializing in the retail, restaurant, and hospitality sectors, the Boston-based private investment firm has a mission to help their partners grow by optimizing operations, cutting costs, and fostering expansion.
For customers looking to make a long-term commitment, they're offering up to 12% Annual Yield Percentage! Invest a minimum of $100K and choose between a three, five, or seven-year term today!
Our Top Choice: Axos Bank
Experience the highest possible return on your savings with an APY of 0.61% and no minimum balance required!
Axos Bank is our top pick when it comes to the best wholly online banking experience. With their High Yield Savings Account offering an APY of 0.61%, on par with Vio, plus the added bonus of not requiring a minimum deposit to open an account, they make it easier than ever to start saving right away. Plus, they have checking accounts at 1.25% APY and business accounts to boot, making Axos the perfect one-stop shop for all your online banking needs.
Vio and Axos may not have any physical locations, but the advantages of using them far outweigh the drawbacks. Boasting a great APY and plenty of features that cater to the digital-savvy, Axos is undoubtedly the best choice for those seeking a modern banking experience.