Best Savings Rates for June 2025

Why are Savings Accounts Better?

Online savings accounts are very mainstream these days and have been around for about two decades now. There are many features about an online savings account that make banking so much easier than a traditional brick and mortar savings account. Plus, the interest rate earn on an online account is so much higher than an account offered by a brick and mortar bank.

Savings accounts in general earn a lower rate than certificate of deposit accounts but you have access to your money when you need it. You can access your money in a certificate of deposit but you will pay an early withdrawal penalty if you do so.

Savings accounts are a good way to save for unexpected expenses or can be used for an emergency account. Experts recommend having at least six months of expenses stashed away in an emergency account.

Best Savings Rates and Money Market Rates June 15, 2025

Savings
MMA

Whatcom Educational Credit Union

First Step (Youth) Savings

7.00%

Whatcom Educational Credit Union

Stash (Emergency) Savings

6.00%

DCU Digital Federal Credit Union

Primary Savings

5.50%

BECU Boeing Employees Credit Union

Advantage Savings (Member Advantage)

5.38%

Guardian Credit Union Montgomery, AL

RoundUp Savings

5.10%

Ultima Bank Minnesota

Smart Savings

5.10%

Leader Bank

Zeugma Reward Savings

5.00%

$10

Service Federal Credit Union

Primary Savings

5.00%

Bank of Greene County

E Savings

5.00%

Gesa Credit Union

SmartPlus Savings

5.00%

Gesa Credit Union

Explorer Youth Savings

5.00%

Neighbors Bank

Savings

4.60%

Fitness Bank

Fitness Savings

4.55%

$10,000

Presidential Bank

Advantage Savings

4.50%

$5,000

Vibrant Credit Union

Preferred Savings

4.50%

MyBankingDirect.com

High Yield Savings

4.40%

$500

First Foundation Bank

Online Savings

4.40%

$1,000

LendingClub

LevelUp Savings

4.40%

EagleBank

Eagle High-Yield Savings

4.40%

$1,000

Bread Financial

High Yield Savings

4.35%

$100

Primis Bank

Savings

4.35%

Newtek Bank

High Yield Savings

4.35%

Rising Bank

High Yield Savings

4.30%

$1,000

EverBank

Performance Savings

4.30%

TAB Bank

High Yield Savings

4.26%

Evergreen Bank Group

High-Yield Online Savings

4.25%

$100

Ivy Bank, a div of Cambridge Savings Bank

High Yield Savings

4.25%

$2,500

Customers Bank

Yield Shield Savings

4.23%

$25,000

Colorado Federal Savings Bank

Online Savings

4.20%

Jenius Bank

Savings

4.20%

RBMAX

Max Interest Savings

4.15%

$10

Live Oak Bank

Savings

4.10%

Elevault

Savings

4.08%

SFGI Direct

Savings

4.08%

Waterman Bank

High Yield Savings

4.08%

$50

Luminate Bank

Radiant Savings

4.07%

Salem Five Direct

eOne Savings

4.01%

$10

Error connecting to mysql: Too many connections

E-Trade

Premium Savings

4.00%

ConnectOne Bank

Connection Plus Savings

4.00%

$2,500

Error connecting to mysql: Too many connections

Shoreham Bank

Soaring Savings

4.00%

$25,000

Error connecting to mysql: Too many connections

Addition Financial Credit Union

Savings Plus

4.00%

$50

Error connecting to mysql: Too many connections

BankVista

Kasasa Savings

4.00%

$50

Error connecting to mysql: Too many connections

First Bank Hampton

Moneybuilder + Savings

4.00%

Error connecting to mysql: Too many connections

Goldwater Bank

High Yield Savings

4.00%

$100

Error connecting to mysql: Too many connections

Carver Federal Savings Bank

High Yield Savings

4.00%

$5,000

Error connecting to mysql: Too many connections

Spring Bank Bronx, NY

Savings

4.00%

$25

Error connecting to mysql: Too many connections

Three Rivers Bank of Montana

Kasasa Savings

4.00%

$100

Error connecting to mysql: Too many connections

West Union Bank

Kasasa Savings

4.00%

$50

Error connecting to mysql: Too many connections

Communitywide Federal Credit Union

CW HiRate Savings - Monthly

4.00%

Error connecting to mysql: Too many connections

Lake Shore Savings Bank

Savings

3.99%

Error connecting to mysql: Too many connections

Andrews Federal Credit Union

High Yield Savings

3.95%

Error connecting to mysql: Too many connections

My eBanc, a division of Bradesco Bank

eRelationship Savings

3.90%

$25,000

Error connecting to mysql: Too many connections

Blue Foundry Bank

Blue Axis Edge Savings

3.90%

Error connecting to mysql: Too many connections

Mutual Security Credit Union

Progressive Savings

3.85%

Error connecting to mysql: Too many connections

CNB Bank Direct

High Yield Savings

3.80%

$100

Error connecting to mysql: Too many connections

Truliant Federal Credit Union

High Yield Rewards Savings

3.80%

Error connecting to mysql: Too many connections

Dollar Savings Direct

Dollar Savings

3.75%

Error connecting to mysql: Too many connections

USAlliance Financial

High Dividend Savings

3.75%

$500

Error connecting to mysql: Too many connections

Beal Bank USA

Statement Savings

3.75%

$500

Error connecting to mysql: Too many connections

Farmers Savings Bank Mineral Point, WI

Premier Savings

3.75%

$500,000

Error connecting to mysql: Too many connections

OWB One World Bank

Regular Savings

3.75%

$100

Error connecting to mysql: Too many connections

Beal Bank

Statement Savings

3.75%

$500

Error connecting to mysql: Too many connections

Inova Federal Credit Union

Shield Money Market Savings

3.75%

$100,000

Error connecting to mysql: Too many connections

HSBC Bank USA

Premier Relationship Savings

3.70%

Error connecting to mysql: Too many connections

Citizens Access

High Yield Online Savings

3.70%

Error connecting to mysql: Too many connections

BMO Alto

Online Savings

3.60%

Error connecting to mysql: Too many connections

Ally Bank

Savings

3.60%

Error connecting to mysql: Too many connections

Susquehanna Community Bank

Eagle Premium Savings

3.56%

$100,000

Error connecting to mysql: Too many connections

SSB of Wanamingo

Kasasa Savings

3.55%

$50

Error connecting to mysql: Too many connections

Citizens National Bank Cameron, TX

Advantage Plus Savings

3.50%

Error connecting to mysql: Too many connections

Northeast Bank Portland, ME

Propel Preferred Savings

3.50%

$50

Error connecting to mysql: Too many connections

Peoples Bank of Kankakee County

Rewards PLUS Saver Savings

3.50%

$100

Error connecting to mysql: Too many connections

Savings Bank Wakefield, MA

Companion Savings

3.50%

$10

Error connecting to mysql: Too many connections

Fidelity Co-operative Bank

Earn More Savings

3.40%

$5,000

Error connecting to mysql: Too many connections

Seattle Bank

Digital Direct Savings

3.40%

$100

Error connecting to mysql: Too many connections

FNBO Direct

High-Yield Online Savings

3.35%

Error connecting to mysql: Too many connections

Community Commerce Bank

The Vault Savings

3.30%

$50

Error connecting to mysql: Too many connections

TD Bank

Signature Savings

3.25%

$100,000

Error connecting to mysql: Too many connections

Bankwell Bank

Smart Savings

3.25%

$100

Error connecting to mysql: Too many connections

Apple Bank for Savings

Simple Savings

3.25%

$50,000

Error connecting to mysql: Too many connections

New Haven Bank

Safe Haven Savings

3.25%

$10,000

Error connecting to mysql: Too many connections

Busey Bank

Premium Savings

3.25%

$25,000

Error connecting to mysql: Too many connections

First Harvest Federal Credit Union

Growth Savings

3.20%

$1,000

Error connecting to mysql: Too many connections

Everence Trust Company

Relationship Savings (with Qualifications)

3.10%

$5,000

Error connecting to mysql: Too many connections

FNB of Hereford

Real Savings

3.03%

Error connecting to mysql: Too many connections

Avidia Bank

High Yield Savings

3.00%

$5,000

Error connecting to mysql: Too many connections

Bank of Luxemburg

Investors Savings

3.00%

$250,000

Error connecting to mysql: Too many connections

Bonanza Valley State Bank

Tiered Savings

3.00%

$250,000

Error connecting to mysql: Too many connections

Bonanza Valley State Bank

Christmas Club Savings

3.00%

$25

Error connecting to mysql: Too many connections

Century Next Bank

Priority Savings

3.00%

$50

Error connecting to mysql: Too many connections

Citizens Federal S&L Assoc

High Yield Savings

3.00%

$25,000

Error connecting to mysql: Too many connections

Oak View National Bank

Kasasa Savings

3.00%

Error connecting to mysql: Too many connections

Peoples T&S Bank Boonville, IN

Elite Savings

3.00%

$30,000

Error connecting to mysql: Too many connections

Vast Bank

Platinum Savings

3.00%

$100

Error connecting to mysql: Too many connections

Gesa Credit Union

High-Yield Savings

3.00%

$100,000

Error connecting to mysql: Too many connections

PCB Pendleton Bank

Kasasa Saver + Savings

3.00%

Error connecting to mysql: Too many connections

Pentagon Federal Credit Union

Premium Online Savings

2.80%

Error connecting to mysql: Too many connections

Community Bank of Pleasant Hill

Premier Money Management Savings

2.76%

$25

Error connecting to mysql: Too many connections

Ladysmith Federal S&L

Christmas Club Savings

2.75%

Error connecting to mysql: Too many connections

First Arkansas Bank and Trust

Money Market Savings

2.63%

Error connecting to mysql: Too many connections

Bank of Lake Mills

High-Yield Money Market

4.60%

$50,000

Error connecting to mysql: Too many connections

State Bank of Texas

High-Rate Jumbo Money Market

4.54%

$100,000

Error connecting to mysql: Too many connections

Everence Trust Company

Indexed Money Market

4.50%

$25

Error connecting to mysql: Too many connections

Climate First Bank

Money Market

4.46%

$50,000

Error connecting to mysql: Too many connections

Total Direct Bank

Money Market

4.41%

$2,500

Error connecting to mysql: Too many connections

First Foundation Bank

Online Money Market

4.40%

$1,000

Error connecting to mysql: Too many connections

Presidential Bank

Money Market Advantage

4.37%

$25,000

Error connecting to mysql: Too many connections

CFG Bank

Money Market

4.32%

$1,000

Error connecting to mysql: Too many connections

Merchants Bank of Indiana

Money Market

4.25%

$50

Error connecting to mysql: Too many connections

Redneck Bank, div of All America Bank

Mega Money Market

4.25%

Error connecting to mysql: Too many connections

All America Bank

Mega Money Market Checking

4.25%

$500

Error connecting to mysql: Too many connections

Inova Federal Credit Union

Shield Money Market

4.10%

$250,000

Error connecting to mysql: Too many connections

Waterman Bank

Money Market

4.07%

$2,500

Error connecting to mysql: Too many connections

mph.bank, a division of Liberty Savings Bank

Money Market

4.06%

Error connecting to mysql: Too many connections

Ridgewood Savings Bank

Smart Move Money Market

4.05%

$10,000

Error connecting to mysql: Too many connections

VirtualBank

eMoney Market

4.00%

Error connecting to mysql: Too many connections

BankPurley

Money Market

4.00%

$25,000

Error connecting to mysql: Too many connections

Blue Foundry Bank

Blue Axis Edge Money Market

4.00%

$25,000

Error connecting to mysql: Too many connections

Farmers Savings Bank Mineral Point, WI

Gold Money Market

4.00%

$500,000

Error connecting to mysql: Too many connections

First Bank of Central Ohio

Platinum Money Market

4.00%

$2,000,000

Error connecting to mysql: Too many connections

American National Bank

Money Market

4.00%

$25,000

Error connecting to mysql: Too many connections

The Bank of New Glarus

Money Market

4.00%

$250,000

Error connecting to mysql: Too many connections

The MINT National Bank

ManageMINT Emerald Money Market

4.00%

$500,000

Error connecting to mysql: Too many connections

EverBank

Performance Money Market

4.00%

$10,000

Error connecting to mysql: Too many connections

International Bank of Chicago

Premier Money Market

4.00%

$250,000

Error connecting to mysql: Too many connections

ABCO Federal Credit Union

IRA Money Market

4.00%

$25,000

Error connecting to mysql: Too many connections

Y-12 Federal Credit Union

High Yield Money Market

4.00%

$25,000

Error connecting to mysql: Too many connections

GSL Savings Bank

Super Money Market

3.97%

$1,500

Error connecting to mysql: Too many connections

Bank5 Connect

Accelerator Money Market

3.96%

$5,000

Error connecting to mysql: Too many connections

iGOBanking

Money Market

3.90%

$25,000

Error connecting to mysql: Too many connections

My eBanc, a division of Bradesco Bank

SuperSaver Money Market (Jumbo)

3.90%

$100,000

Van Wert Federal Savings Bank

Money Market

3.90%

$20,000

Central Bank Provo, UT

High Yield Money Market

3.82%

$500,000

Error connecting to mysql: Too many connections

Glen Burnie MSB

Money Market Advantage

3.82%

$25,000

Error connecting to mysql: Too many connections

CNB Bank Direct

Premium Money Market

3.80%

$25,000

Error connecting to mysql: Too many connections

CF Bank

Money Market

3.80%

$25,000

Error connecting to mysql: Too many connections

Bankwell Bank

High Yield Money Market

3.75%

$100,000

Error connecting to mysql: Too many connections

Financial Federal Bank

Money Market

3.75%

$5,000

Error connecting to mysql: Too many connections

Spring Bank Bronx, NY

Money Market

3.75%

$500

Error connecting to mysql: Too many connections

The Fountain Trust Company

1903 Money Market

3.75%

$50,000

Error connecting to mysql: Too many connections

Touchmark Bank

Business Platinum Money Market

3.75%

$250,000

Error connecting to mysql: Too many connections

Century Next Bank

Premier Money Market

3.75%

$100,000

Error connecting to mysql: Too many connections

Inova Federal Credit Union

Shield Money Market Savings

3.75%

$100,000

Error connecting to mysql: Too many connections

First Internet Bank of Indiana

Money Market

3.61%

$100

Error connecting to mysql: Too many connections

Ally Bank

Money Market

3.60%

Error connecting to mysql: Too many connections

Somerset Savings Bank

Premium Money Market

3.56%

$5,000

Error connecting to mysql: Too many connections

Superior Savings Bank

Money Market Max Plus

3.56%

$50,000

Error connecting to mysql: Too many connections

The Bank of the West

Money Market

3.56%

$1,500

Error connecting to mysql: Too many connections

First Federal Bank of Wisconsin

Rewards Money Market

3.50%

$5,000

Error connecting to mysql: Too many connections

Manasquan Bank

Liquid Platinum Money Market

3.50%

$1,000,000

Error connecting to mysql: Too many connections

Meridian Bank

Hometown Money Market

3.50%

$25,000

Error connecting to mysql: Too many connections

VisionBank Saint Louis Park, MN

Premium Money Market

3.50%

$1,000

Error connecting to mysql: Too many connections

My eBanc, a division of Bradesco Bank

SuperSaver Money Market

3.40%

$5,000

Error connecting to mysql: Too many connections

Bankwell Bank

Smart Money Market

3.25%

$100

Error connecting to mysql: Too many connections

Beal Bank USA

Money Market

3.25%

$1,000

Error connecting to mysql: Too many connections

First National Bank of Clarksdale

Commercial Money Market

3.25%

$200,000

Error connecting to mysql: Too many connections

Institution for Savings

Sapphire Money Market

3.25%

$2,000,000

Error connecting to mysql: Too many connections

Institution for Savings

Business Sapphire Money Market

3.25%

$2,000,000

Error connecting to mysql: Too many connections

Axiom Bank

Select Money Market

3.25%

$1,000

Error connecting to mysql: Too many connections

Beal Bank

Money Market

3.25%

$1,000

Error connecting to mysql: Too many connections

American Bank and Trust Company, N.A.

High Yield Money Market

3.22%

$1,000,000

Error connecting to mysql: Too many connections

KeySavings Bank

Enterprise Enhanced Money Market

3.17%

$2,000

Error connecting to mysql: Too many connections

Bank of Easton

Advantage Money Market

3.14%

$250,000

Error connecting to mysql: Too many connections

First Seacoast Bank

Coastline Money Market

3.10%

$75,000

Error connecting to mysql: Too many connections

OlyFed Olympia Federal S&L

Business Premium Money Market

3.09%

$1,000,000

Error connecting to mysql: Too many connections

Rondout Savings Bank

Business Bundle Money Market

3.05%

$10,000

Error connecting to mysql: Too many connections

Columbus Bank and Trust Company

Money Market

3.04%

$250,000

Error connecting to mysql: Too many connections

FirstBank of Nebraska

First Money Market

3.04%

$1,000,000

Error connecting to mysql: Too many connections

FirstBank of Nebraska

Business Money Market

3.04%

$1,000,000

Error connecting to mysql: Too many connections

Headwaters State Bank

Money Market

3.04%

$200,000

Error connecting to mysql: Too many connections

Bank Midwest

Premier Money Market

3.04%

$250,000

Error connecting to mysql: Too many connections

PSECU

Money Market

3.00%

$100,000

Error connecting to mysql: Too many connections

First State Bank (MI)

Purpose Money Market

3.00%

$1,000

Error connecting to mysql: Too many connections

Mauch Chunk Trust Company

Investors Money Market

3.00%

$50,000

Error connecting to mysql: Too many connections

Goldwater Bank

Money Market

3.00%

$1,000

Error connecting to mysql: Too many connections

Haven Savings Bank

Step-Up Money Market

3.00%

$25,000

Error connecting to mysql: Too many connections

Ixonia Bank

Relationship Money Market

3.00%

$1,000,000

Error connecting to mysql: Too many connections

The Bank of Princeton

Premier Money Market

3.00%

$50,000

Error connecting to mysql: Too many connections

Suncoast Credit Union

Money Market

3.00%

$500,000

Error connecting to mysql: Too many connections

QNB Bank

High Yield Money Market

2.95%

$100,000

Error connecting to mysql: Too many connections

QNB Bank

Business High Yield Money Market

2.95%

$100,000

Error connecting to mysql: Too many connections

New Albin Savings Bank

Money Market

2.89%

$2,500

Error connecting to mysql: Too many connections

Camp Grove State Bank

Money Market

2.85%

$100,000

Error connecting to mysql: Too many connections

First Bank of Central Ohio

Money Market

2.85%

$1,000

Error connecting to mysql: Too many connections

First Bank of Central Ohio

Premium Money Market

2.85%

$10,000

Error connecting to mysql: Too many connections

OlyFed Olympia Federal S&L

Premium Personal Money Market

2.83%

$1,000,000

Error connecting to mysql: Too many connections

Touchmark Bank

Platinum Money Market

2.80%

$250,000

Error connecting to mysql: Too many connections

Luminate Bank

Money Market

2.78%

$1,000,000

Error connecting to mysql: Too many connections

Old Dominion National Bank

Prime Personal Money Market

2.76%

$10,000

Error connecting to mysql: Too many connections

Old Dominion National Bank

Business Prime Money Market

2.76%

$10,000

Error connecting to mysql: Too many connections

Community Bank of Raymore

Premier Money Market

2.76%

$25

Error connecting to mysql: Too many connections

Pacific Crest SB

Money Market

2.75%

$2,000

Error connecting to mysql: Too many connections

Riverside Bank of Dublin

Money Market

2.75%

$100,000

Error connecting to mysql: Too many connections

Winchester Co-operative Bank

Money Market

2.75%

$10

Error connecting to mysql: Too many connections

Hatboro Federal Savings

Money Market

2.75%

$1,000

Error connecting to mysql: Too many connections

BECU Boeing Employees Credit Union

Money Market (Member Advantage)

2.73%

Error connecting to mysql: Too many connections

Platte Valley Bank North Bend, NE

Money Market

2.70%

$500,000

Error connecting to mysql: Too many connections

North Shore Bank of Commerce

Preferred Investment Max Money Market

2.70%

$5,000

Error connecting to mysql: Too many connections

PCB Pendleton Bank

Investment Plus Money Market

2.65%

$25,000

Error connecting to mysql: Too many connections

First Arkansas Bank and Trust

Money Market Savings

2.63%

Disclaimer

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Savings Account Rates by State

Recent Savings Account Rate Deals

Savings Account Features

Federal law, Regulation D, only allows for 6 withdrawals from a savings account per billing cycle. If you constantly go over that amount your bank or credit unoin is allowed to switch your account to a checking account. Most checking accounts earn a lower rate than savings accounts.

We actually recommend having a savings account, checking account and also certificates of deposit, each is designed for a particular need.

Online savings accounts earn a much higher interest rate than regular savings accounts. The reason being, with traditional brick and mortar banking there are higher costs to maintain branch locations. If a bank only has an online presence the savings are tremendous and they can pass the savings onto depositors in the form of higher interest rates.

Why Use an Online Savings Account?

The ease and convenience of online banking is the second reason to stick with online accounts. You can access your accounts online to view balances, pay bills, transfer money between accounts. One of the greatest features is mobile deposit. You can take a photo of a check to deposit it into your account.

Traditional Savings Accounts vs. Online Savings Account

There are many reasons to choose an online savings account over a traditional savings account. Many reasons we mention above.

Right now, the best online savings rate is more than 10 times the best brick and mortar savings rate. We don't expect this to ever change because online banks have lower costs.

Compound Interest on a Savings Account

If you haven't heard of compound interest you really need to read this next paragraph. Compound interest is interest calculated on the savings account principal and interest already earned. Compound interest is the most powerful aspect of a savings account.

When you open a savings account make sure to see when a bank or credit union "compounds the interest." Finanical institutions greatly differ on when the compound interest. The more frequently interest is compounded the more money you make. Some finanical institutions will do it daily, some compound monthly, some compound quarterly or even annually.

Do you pay income tax on interest earned on a savings account?

The answer is yes, interest earned on a savings account is taxable. The finanical institution you have an account with will send you a 1099-INT with the amount of interest you earned. The tax rate you pay will depend on your tax rate which depends on how much income you had any given year.

How to Open a Savings Account

The best and easiest way to open a savings account is online. You will need several pieces of information to open an account. There are Federal laws designed to prevent money laundering which drive most of the process these days.

Information you will need to provide a bank or credit union to open a savings account include:

Full Name
Date of Birth
Social Security Number or EIN for businesses
Proof of Address
Phone number
Email address and tax identification number (such as a Social Security number)
Drivers License or Passport

Should I Designate Beneficiaries when I open a Savings Account?

Most banks or credit unions require you to designate a beneficiary when you open an account. The person(s) you name as the beneficiaries will inherit the money in the account.

Funding a Savings Account

If the savings account has a minimum deposit requirement, you’ll need to deposit at least that much money in the account. You can do this by initiating a bank transfer, sending or depositing a check or using a wire transfer.

Not all banks require a minimum deposit but for the banks that do you might also be able fund the account for some period after the account has been opened.