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Home Bank Promotions

Best Online Savings and Money Market Account Rates of May 2025

Tony Jay by Tony Jay
April 22, 2025 2:17 am CDT
in Bank Promotions
0
Earn a $300 cash bonus with BlueVine!
CIT Bank platinum savings 300 bonus banner

Table of Contents
  • GET STARTED WITH THESE OFFERS
  • Differences Between Savings And Money Market Accounts
  • Where To Get The Best Online Savings Interest Rates?
  • BEST ONLINE SAVINGS AND MONEY MARKET OFFERS
  • Final Thoughts

The quest for the most lucrative savings and money market account rates has led us to an undeniable conclusion: online banks are currently outshining their brick-and-mortar counterparts.

In this comprehensive guide, we’ve meticulously scoured the offerings from credit unions, local and national traditional banks, and, most importantly, online banks to present you with the crème de la crème of interest rates.

With lower overhead costs, online banks are in a prime position to offer more attractive rates, making them a go-to option for savvy savers looking to maximize their earnings without stepping out of their homes.

GET STARTED WITH THESE OFFERS

If you just want to get straight to the best offers, start with these. Read further if you want even more choices!

CIT-BANK-LOGO
CIT Bank Platinum Savings: Earn $300 Cash Today + 4.10% APY
Boost your savings and earn up to $300 with CIT Bank’s Platinum Savings account! It’s simple—open a new account using promo code PS2025, deposit $25,000 or $50,000 in new...Show More
Boost your savings and earn up to $300 with CIT Bank’s Platinum Savings account! It’s simple—open a new account using promo code PS2025, deposit $25,000 or $50,000 in new funds, and watch your savings grow with up to 4.10% APY. Whether you’re saving for a rainy day or reaching your financial goals, this limited-time offer helps you earn big without the hassle of fees. Plus, with no monthly maintenance charges and FDIC insurance, your money is safe and growing. Don’t miss out—take advantage of this incredible offer today and get rewarded for saving smarter! Show Less
Earn $300 Cash + 4.10% APY
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Live Oak Bank Promotion: Earn a $300 Personal Savings Account Bonus (Nationwide)
Live Oak Bank Promotion: Earn a $300 Personal Savings Account Bonus (Nationwide)
Take advantage of Live Oak Bank’s limited-time promotion and earn a $300 bonus by opening a Personal Savings Account! Simply maintain a $20,000 balance for 60 days, and you'll...Show More
Take advantage of Live Oak Bank’s limited-time promotion and earn a $300 bonus by opening a Personal Savings Account! Simply maintain a $20,000 balance for 60 days, and you'll qualify for this easy-to-grab reward. With no maintenance fees and some of the highest APYs in the market, Live Oak Bank is an excellent choice for growing your savings. Don’t miss out—this offer ends May 16, 2025, so act fast, open your account, and start maximizing your financial potential today! Show Less
Earn $300
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Axos Bank bonuses Logo For MoneysMyLife
Boost Your Savings with Axos One: Earn 4.66% APY Today!
Supercharge your savings with the Axos One High-Interest Savings account! Offering a remarkable 4.66% APY, Axos One helps you make the most of every dollar, turning your savings...Show More
Supercharge your savings with the Axos One High-Interest Savings account! Offering a remarkable 4.66% APY, Axos One helps you make the most of every dollar, turning your savings into an active asset for financial growth. With no hassle or hidden fees, it’s the smart way to achieve your savings goals faster. Open your Axos One savings account today and experience the power of a truly high-interest option, all with the convenience and flexibility you expect from Axos Bank! Show Less
Earn Up To 4.66%
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raisin-savings-network-logo-square
Raisin Savings Network: 70+ Banks, Top Savings Account APY Rates
Unlock the power of your savings with Raisin’s exclusive network of 70+ insured banks and credit unions, offering top-tier savings rates with zero fees. With just one secure...Show More
Unlock the power of your savings with Raisin’s exclusive network of 70+ insured banks and credit unions, offering top-tier savings rates with zero fees. With just one secure login, you can easily diversify your deposits across multiple institutions, all backed by up to $10 million in federal deposit insurance coverage.¹ Open your Raisin account in minutes and start earning more today. Show Less
Top Savings Rates
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Barclays-Logo
Barclays Tiered Savings Account - Earn Up to 4.20% APY, 7x the National Average!
Earn 4.20% APY with a balance of $250,000 or greater. Balances below $250,000 earn 4.00% APY. This powerful combo of a generous cash bonus and high APY means your money grows...Show More
Earn 4.20% APY with a balance of $250,000 or greater. Balances below $250,000 earn 4.00% APY. This powerful combo of a generous cash bonus and high APY means your money grows faster, helping you reach your financial goals sooner. With no monthly fees or minimums, Barclays makes it easy to start saving smarter. Don’t wait—seize this opportunity to maximize your earnings today! For maximum earnings, maintain a balance of $250,000 or greater to qualify for the APY. Show Less
Earn up to 4.20% APY
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ufb-direct-square-logo
Earn 4.31% APY with UFB Portfolio Savings – No Minimum Deposit Required!
Earn more with UFB Portfolio Savings and enjoy a competitive 4.31% APY* with no minimum deposit required. Maximize your savings potential with no monthly maintenance fees and easy...Show More
Earn more with UFB Portfolio Savings and enjoy a competitive 4.31% APY* with no minimum deposit required. Maximize your savings potential with no monthly maintenance fees and easy access to your funds 24/7 through digital banking tools. Plus, enjoy the added security of FDIC insurance. Looking for an even better deal? Pair your savings account with the Freedom Checking account, which offers an industry-leading 2.00% APY*. Take control of your financial future today and start earning more on your money. Show Less
Earn 4.31% APY
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CIT-BANK-LOGO
CIT Bank Savings Connect - Grow Your Savings with 4.00% APY!
Experience secure and hassle-free savings with CIT Bank's Savings Connect account, offering a competitive 4.00% APY—9x the national average! Enjoy the convenience of mobile...Show More
Experience secure and hassle-free savings with CIT Bank's Savings Connect account, offering a competitive 4.00% APY—9x the national average! Enjoy the convenience of mobile banking, no monthly service fees, and a simple account setup with just $100 to start. With FDIC insurance and award-winning service, CIT Bank is your trusted partner for growing your money. Open your account in minutes and take control of your financial future today! Show Less
Earn 4.00% APY
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Valley Direct Bank: Grow Your Savings Faster with High Yield Savings Account!
Valley Direct Bank: Grow Your Savings Faster with High Yield Savings Account!
Take your savings to the next level with Valley Direct's High Yield Savings Account. Earn an impressive 4.40% APY, more than nine times the national average, and enjoy the benefits...Show More
Take your savings to the next level with Valley Direct's High Yield Savings Account. Earn an impressive 4.40% APY, more than nine times the national average, and enjoy the benefits of no monthly maintenance fees, so you keep everything you earn. Your money is FDIC insured up to $250,000 per depositor, giving you peace of mind while you save. With just $1 to start, you can open an account online in minutes and manage your savings conveniently from anywhere. Interest is compounded daily and paid monthly, so your balance grows faster. It’s secure, simple, and rewarding—start growing your savings today! Disclosure: APY accurate as of 5/1/2025 and may change after account opening. Minimum $0.01 average daily balance required to earn APY. Show Less
Earn 4.40%
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quontic square logo
Quontic High Yield Savings: Earn 3.85% APY and Grow Your Money Faster
Earn an impressive 3.85% APY with Quontic's High Yield Savings Account, designed to help your savings grow faster. Open an account online in just three minutes with a low $100...Show More
Earn an impressive 3.85% APY with Quontic's High Yield Savings Account, designed to help your savings grow faster. Open an account online in just three minutes with a low $100 opening deposit and start earning right away. Recognized by leading financial experts like GoBankingRates, Forbes Advisor, and Bankrate as one of the best savings accounts, Quontic combines competitive rates with convenience. Manage your finances easily with the Quontic mobile app and enjoy the security of FDIC insurance. Don't miss out on this opportunity to make the most of your money. Disclaimer: Rates as of December 20, 2024, and may change without notice. Fees could reduce earnings. Additional terms and conditions may apply. Show Less
Earn 3.85% APY
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Differences Between Savings And Money Market Accounts

First things first, let’s go over what a Money Market account is (MMA for short). Most people have a pretty good idea of what a traditional Savings Account is.

The two are VERY similar, and most banks will offer both types of accounts. The table below will summarize the key similarities and differences.

SimilaritiesDifferences
Both are simple and straightforward to open.Money Market accounts typically have more Checking-like features, such as electronic funds transfers, checks, debit cards and ATM withdrawals.
Both will be insured (Member FDIC), keeping your deposits safe.Savings accounts generally only allow access to funds via electronic funds transfers, telephone withdrawals, or in-person withdrawals at a branch.
Both accounts will be limited on certain types of withdrawals per billing cycle (6 is the limit for these certain types by law).Money Market accounts often require higher minimum balances to earn the rate.

Aside from the interest rates, the other main deciding factor will be how you’ll need access to your funds (you’ll have more options with Money Market Accounts). A lot of people consider MMAs more a hybrid Checking/Savings account, with its limited Checking capabilities. Keep in mind, many banks limit you on the amount of check writing per month. Both a Savings and Money Market account are limited by the Federal Reserve on the total number of transactions a month.

Most consumers will choose a Money Market account for the flexibility of an emergency fund, and a Savings account for longer-term earnings. If all you’re looking for is an account to hold your savings and earn interest, simply choose the account with the best rates (assuming you can meet any minimum balance requirement).

READ MORE: TAKE A LOOK AT THE BEST BANK OFFERS HERE FOR BONUS CASH

Where To Get The Best Online Savings Interest Rates?

We’ve searched through all the best rates from credit unions, local/national traditional banks, and online banks. Credit unions and traditional banks operate via brick-and-mortar locations and accumulate more overhead costs. They simply can not compete with the rates provided by online banks.

Online banking is trending up and more consumers are taking advantage of the benefits. Most people just haven’t learned about the higher rates, or are just more comfortable with big local banks. In terms of deposit security concerns, remember that your deposits are insured (Member FDIC) from all the banks listed on this page.

Most of these online banks have been around for years or decades, and many are actually just the online division of a bigger, established banking group. Once you start looking at the rates provided by internet-only banks, you’ll find they’re better with all accounts – Checking, CDs, IRAs, etc.

READ MORE: TAKE A LOOK AT THE BEST CD PROMOTIONS HERE

BEST ONLINE SAVINGS AND MONEY MARKET OFFERS

Below are the best savings and money market account offers currently available. We list the accounts with the best rates and the best features.

They are all available online, nationwide.

Barclays Tiered Savings Account: Earn Up to 4.20% APY

9 hours ago | Categorized as: Bank Promotions

Are you looking to make your savings work harder for you? Discover how you can earn a competitive APY with a new Barclays Tiered Savings Account! This guide will walk you through the ins and outs of this fantastic offer,… GET OFFER

Live Oak Bank Promotion: Earn a $300 Personal Savings Account Bonus (Nationwide) – Ends 5/16/25

1 week ago | Categorized as: Bank Promotions

Live Oak Bank is offering a limited-time promotion where you can earn a $300 bonus* by opening a Personal Savings account and maintaining a $20,000 balance over 60 days. With attractive terms and a straightforward process, this promotion is an… GET OFFER

Valley Direct By Valley Bank High Yield Savings Account Earns 4.40% APY (Nationwide)

2 weeks ago | Categorized as: Bank Promotions

Get a great rate for the Valley Direct By Valley Bank High Yield Savings Account. Update 5/1/25: Their rate increased to 4.40%. Update 1/28/25: Their rate remains competitive at 3.75%. Update 1/3/2025: The rate decreased to 3.75%, see details below.… GET OFFER

Live Oak Bank Personal & Business Savings Accounts Earn Cash & 3.35% – 4.10% APY (Nationwide)

2 weeks ago | Categorized as: Bank Promotions, Banking, Business Promotions

Live Oak Bank is offering competitive rates on their savings accounts for consumers and businesses. See the current rates below. Live Oak Bank is an online bank serving small businesses and individuals nationwide. They offer FDIC-insured high-yield savings and CDs… GET OFFER

Baselane Review & Bonus Offer: $150 Sign Up & 3.35% APY On Banking Balances

3 weeks ago | Categorized as: Bank Promotions, Business Promotions, Investing

Have you ever wondered if managing your rental properties and finances could be less of a headache? The search for a comprehensive solution that simplifies the life of a landlord might just be over. Baselane, with its innovative approach to… GET OFFER

Empower Free Personal Dashboard & Up To 3.75% APY Cash Account

3 weeks ago | Categorized as: Bank Promotions, Banking, Deals, Investing

Anyone can take advantage of Empower's robust financial tools (including retirement planning) and interest-earning Cash account, but you'll need at least $100,000 in assets to access the company's personalized Wealth Management service. Update 4/23/2025: The rate is now 3.75% APY.… GET OFFER

Axos One: High-Interest Savings and Checking Bundle Without the Hassle

2 months ago | Categorized as: Bank Promotions

Explore how Axos One’s bundled savings and checking accounts simplify banking, offering high APYs without the hassle of hidden fees! Earn up to 4.66%. Introduction: The Power of Bundled Banking Managing finances can sometimes feel like a full-time job. From… GET OFFER

Raisin Savings Network $250 Savings Bonus & High Yield APYs – Ends 4/30/25

2 months ago | Categorized as: Bank Promotions

Are you on a quest to find the best home for your savings, where they can grow securely and efficiently? Look no further than the Raisin Savings Network, a revolutionary platform that's changing the way savvy savers manage their funds.… GET OFFER

CIT Bank Platinum Savings: Earn Up to $300 Bonus & 4.10% APY (Nationwide)

2 months ago | Categorized as: Bank Promotions

CIT Bank is offering a fantastic promotion for new and existing customers who open a Platinum Savings account. You can earn a bonus of up to $300 when you deposit $25,000 or $50,000 in new funds into your account. Just… GET OFFER

Quontic Bank High Yield Savings Account Earns 3.85% APY (Nationwide)

4 months ago | Categorized as: Bank Promotions

Get a great rate for the Quontic Bank High Yield Savings Account. Quontic bank is a digital bank and is often ranked in the top 10 in this space. Details below. Compare their rates with the nation's best Savings rates… GET OFFER

CIT Bank Savings Connect Earns 4.00% APY (Available Nationwide)

5 months ago | Categorized as: Bank Promotions

The CIT Bank Savings Connect account is a very competitive online savings account option. See the current rate details below. CIT Bank is a popular option for online banking, especially if you're seeking interest-bearing online checking and savings accounts. Not… GET OFFER

UFB Portfolio Savings & UFB Portfolio Money Market Accounts Earn Up To 4.01% APY

5 months ago | Categorized as: Bank Promotions

Earn up to 4.01% APY with UFB Portfolio Savings and UFB Portfolio Money Market accounts. Enjoy competitive rates, no maintenance fees, and seamless online banking. Quick Takeaways: UFB Direct offers up to 4.01% APY on both Portfolio Savings and Portfolio… GET OFFER

Quontic Bank Money Market Account 4.75% APY Offer [Nationwide]

6 months ago | Categorized as: Bank Promotions

Are you tired of earning next to nothing in interest on your savings account? Quontic Bank is here to change that with their Money Market Account. With this account, you can rest easy knowing your money is growing at a… GET OFFER

Earn Up To 3.50% APY Citizens Access’ Best Online CD Rate, 3.70% APY Savings (Nationwide)

3 weeks ago | Categorized as: Bank Promotions

Citizens Access is the online division of Citizens Bank, offering great Savings and CD rates that surpass traditional banking institutions. Operating online, accounts are available to everyone nationwide. Update 4/23/25: Rates changed slightly. Update 12/29/24: The rates have change. See… GET OFFER

Northern Bank Direct Money Market Account Earns 3.75% APY (Nationwide)

3 weeks ago | Categorized as: Bank Promotions

Northern Bank Direct offers some of the best Money Market and CD rates available online, nationwide. Update 4/22/25: Rate updated. You might also want to consider this one from CIT Bank, it often has a higher rate. Update 11/23/24: Rate… GET OFFER

Great Lakes Credit Union Money Market Deposit Account Promotion: 2.00% APY

3 weeks ago | Categorized as: Bank Promotions

Boost your savings with Great Lakes Credit Union’s Money Market Deposit Account, offering 2.00% APY. Part of Raisin Savings Network. Key Takeaways: 2.00% APY, 3.2x higher than the national average No fees and a $1 minimum to open Federally insured… GET OFFER

AmEx High Yield Savings Bonus: 3.70% Annual Percentage Yield (APY) – As Of 4/22/25 (Nationwide)

3 weeks ago | Categorized as: Bank Promotions

The American Express® High Yield Savings Account, Member FDIC, account offers a 3.70% Annual Percentage Yield (APY) rate - as of 4/22/25. Discover the AmEx High Yield Savings Bonus available nationwide today. The information related to American Express Savings has been collected by Moneysmylife… GET OFFER

Discover Bank Money Market Account Earns up to 3.55% APY (Nationwide)

3 weeks ago | Categorized as: Bank Promotions, Banking

Discover offers a popular money market account option that's available online and earns a competitive rate. Get the details below. Update 4/22/25: Rates have changed, see below. Update 1/3/2025: The rates have changed. See below. Update 9/25/2024: The rates are… GET OFFER

Capital One 360 Performance Savings: 3.60% APY Rate [Nationwide]

3 weeks ago | Categorized as: Bank Promotions, Banking

Capital One 360 Performance Savings is a very competitive online savings account option. See the current rate details below. Update 4/22/25: The rate has been updated. You can find much higher rates with the savings accounts listed here. Update 1/3/2025:… GET OFFER

Axos Bank High Yield Savings Review: A Competitive Option for Growing Your Savings

4 months ago | Categorized as: Bank Promotions

Looking for a high-yield savings account that offers solid returns with no fees? In this Axos Bank High Yield Savings review, we’ll dive into the features, rates, and benefits to help you determine if it’s the right fit for your… GET OFFER

Rising Bank High-Yield Savings Account Review: Earn 4.40% APY (Ended)

4 months ago | Categorized as: Bank Promotions

Offer Ended. We are no longer tracking this offer. Discover why Rising Bank's High-Yield Savings Account is an excellent option for those looking to grow their savings with a competitive interest rate and flexible access to their funds. When it… GET OFFER

Capital One 360 Performance Savings: Earn Up To $1,500 Bonus With Promo Code BONUS1500 [Nationwide]

5 months ago | Categorized as: Bank Promotions, Banking

Capital One 360 Performance Savings is offering up to $1,500 cash bonus for opening a new account with a $20,000 or more deposit of new funds. They also offer a very competitive APY. See details below. Update 12/3/24: The offer… GET OFFER

Hanover Bank High-Yield Money Market Account: Earn 4.40% APY With Raisin Platform

6 months ago | Categorized as: Bank Promotions

Explore Hanover Bank’s Money Market Deposit Account with a 4.40% APY, FDIC insurance, and no fees. Save securely with just $1 minimum deposit. Key Takeaways Money Market Deposit Account with 4.40% APY, 6.9x higher than the national average. FDIC insured,… GET OFFER

Betterment Cash Reserve Account Earns 4.25% APY

6 months ago | Categorized as: Bank Promotions

Betterment’s Cash Reserve is a high-yield cash account. See the rate details below. Update 11/23/24: Rate have changed to 4.25% APY. CIT Bank also offers a strong APY on its CIT Platinum Savings account. Update 9/11/2024: Rate is now 5.00%… GET OFFER

Harborstone Credit Union High-Yield Money Market Account: Save With Raisin Network Savings

6 months ago | Categorized as: Bank Promotions

Discover Harborstone Credit Union’s Money Market Deposit Account with a 4.30% APY, no fees, and NCUA insurance. Start saving with just $1. Key Takeaways Money Market Deposit Account with 4.30% APY, many times higher than the national average. Federally insured… GET OFFER

mph.bank Money Market Deposit Account Promotion: Earn 4.36% APY

6 months ago | Categorized as: Bank Promotions

Discover the mph.bank Money Market Deposit Account offering an impressive 4.36% APY, significantly higher than the national average. Start saving with just $1 and enjoy no fees and 24/7 online access. Key Takeaways High-Yield APY: 4.36%, which is 7.0x the… GET OFFER

Ally Bank Money Market Account Earns 3.85% APY (Nationwide)

6 months ago | Categorized as: Bank Promotions

Ally Bank is another great online-only bank, and offers nationwide online Checking, Savings, Money Market, CD and IRA accounts that earn market leading rates. Update 11/23/24: their rate decreased slightly to 3.75%. Consider this one from Quontic, which currently offers a higher… GET OFFER

Mission Valley Bank High-Yield Savings Account: Impressive 4.38% APY

6 months ago | Categorized as: Bank Promotions

Experience the benefits of Mission Valley Bank's High-Yield Savings Account offering 4.38% APY. FDIC insured, no fees, and only a $1 minimum deposit required. Key Takeaways: High-Yield Savings Account: Earn a remarkable 4.38% APY, which is 7.6 times higher than… GET OFFER

Grand Bank Money Market Deposit Account: Earn 4.31% APY with Personalized Service

6 months ago | Categorized as: Bank Promotions

Discover Grand Bank’s Money Market Deposit Account offering 4.31% APY, FDIC insurance, and no fees. Start saving with just $1 and enjoy 24/7 online access. Update 11/23/24: Their rate changed slightly. Update 11/9/24: The offer changed, see the new rate… GET OFFER

RBMAX High-Yield Savings Account: Earn 3.90% APY

6 months ago | Categorized as: Bank Promotions

Unlock the potential of your savings with RBMAX’s High-Yield Savings Account offering 3.90% APY. FDIC insured, no fees, and only a $1 minimum deposit required. Update 11/9/24: The rate changed slightly, see rates below. Key Takeaways: High-Yield Savings Account with… GET OFFER

Paprika Capital Bank High-Yield Savings Account: Save With Raisin

6 months ago | Categorized as: Bank Promotions

Discover Paprika Capital Bank’s High-Yield Savings Account with a 4.36% APY, FDIC insurance, and no fees. Part of Raisin Savings Network. Make your banking experience flavorful and rewarding. Update 11/9/2024: Rates changed. Please see new rate below. Key Takeaways High-Yield… GET OFFER

Customers Bank High Yield Savings Account: Earn 4.16% APY, Higher Than National Average

6 months ago | Categorized as: Bank Promotions

Grow your savings with Customers Bank's high-yield savings account. Part of Raisin Savings Network. FDIC insured, no fees, and over $22 billion in assets. Key Highlights: Top APY: 4.16% high-yield savings account, 10.6x higher than the national average. FDIC Insured:… GET OFFER

American First Credit Union Money Market Deposit Account: Secure Your Savings with 4.45% APY

6 months ago | Categorized as: Bank Promotions

Explore American First Credit Union’s Money Market Deposit Account offering 4.45% APY, NCUA insurance, and no fees. Start saving with just $1 and enjoy 24/7 online access. Update 11/9/24: Rates changed. See below. Key Takeaways: Money Market Deposit Account with… GET OFFER

CloudBank 24/7 High-Yield Savings: Earn 4.57% APY

7 months ago | Categorized as: Bank Promotions

Discover CloudBank 24/7’s High-Yield Savings Account offering 4.57% APY, FDIC insurance, and no fees. Enjoy 24/7 online access to your funds with just $1 minimum deposit. Key Takeaways High-Yield Savings Account with a highly competitive APY, higher than the national… GET OFFER

Sallie Mae Bank Online Money Market Earns 4.20% APY (Nationwide)

7 months ago | Categorized as: Bank Promotions

Read about Sallie Mae banking promotions and offers for their money market account here. Update 10/16/2024: Rate has decreased slightly to 4.20%. CIT Bank also offers a strong APY on its CIT Platinum Savings account. Update 9/11/2024: Rate is slightly… GET OFFER

First Mid Bank & Trust High-Yield Savings Account: 3.30% APY

7 months ago | Categorized as: Bank Promotions

Grow your savings with First Mid Bank & Trust’s high-yield savings account. FDIC insured, no fees, and over 150 years of trusted service. Key Highlights: High-Yield Savings Account: Enjoy competitive returns with a high-yield savings account. FDIC Insured: Your deposits… GET OFFER

GreenState Credit Union High-Yield Savings Account: Earn 3.90% APY

7 months ago | Categorized as: Bank Promotions

Maximize your savings with GreenState Credit Union's high-yield savings account. Part of Raisin Savings Network. Federally insured by NCUA, no fees, 24/7 access. Key Takeaways: Top APY: 3.90% high-yield savings account, 22.6x higher than the national average. NCUA Insured: Your… GET OFFER

Nelnet Bank High-Yield Savings Account: Earn 4.71% APY Via Raisin

7 months ago | Categorized as: Bank Promotions

Explore Nelnet Bank’s High-Yield Savings Account offering 4.71% APY, FDIC insurance, and no fees. Start saving with just $1 and support education-focused initiatives. Key Takeaways High-Yield Savings Account with 4.71% APY, 11.6x higher than the national average. FDIC insured, no… GET OFFER

Vio Bank Money Market Account Earns 5.20% APY (Nationwide)

8 months ago | Categorized as: Deals

Vio Bank is the new online banking division of MidFirst Bank, which is one of the five largest privately owned financial institutions in the United States. Update 9/25/2024: Their APY rate decreased slightly to 5.20%. This is a strong rate.… GET OFFER

First Internet Bank Money Market Account Earns 3.77% APY or 4.95% APY (Nationwide)

8 months ago | Categorized as: Bank Promotions, Banking

First Internet Bank is an online-only bank available to everyone nationwide. I'll review some background information, and keep this page updated on new promotions and bonuses. Update 4/26/2024: Rate now 3.77% & 4.95%, a slight increase from before. Update 1/19/2024:… GET OFFER

Marcus By Goldman Sachs Online Savings Earns 4.25% APY (Available Nationwide)

8 months ago | Categorized as: Bank Promotions, Banking

See updated Marcus by Goldman Sachs promotions and bonuses here. Offers are available online, nationwide. Update 9/25/2024: The rate decreased to 4.25%. You might also want to consider this savings account from American Express. Update 8/20/2024: The rate is now… GET OFFER

Redneck Bank Mega Money Market Account Earns 4.40% APY (Nationwide)

8 months ago | Categorized as: Bank Promotions

Redneck Bank is the online banking division of All America Bank, which was established in 1969 as The First Mustang State Bank. This online bank only offers a few deposit account options, but rates are fairly competitive and available online… GET OFFER

KeyBank Bonus: Key Select Money Market Savings® Earn An Impressive Bonus Interest Rate For 6 Months

8 months ago | Categorized as: Bank Promotions

Key Takeaways Attractive Bonus Rate: Earn 4.50% bonus interest (2.90% blended APY*) for the first 6 months. Open your new account here. Minimum Deposit: Open with just $5,000. Waive Monthly Fees: Maintain a $25,000 balance or have a KeyBank relationship checking account.… GET OFFER

Continental Bank High-Yield Savings Account Promotion: 4.41% APY

10 months ago | Categorized as: Bank Promotions

Unlock exceptional savings with Continental Bank’s High-Yield Savings Account, offering an impressive 4.41% APY. Part of Raisin Savings Network. Key Takeaways: 4.41% APY, 9.8x higher than the national average No fees and FDIC insured Flexibility to withdraw or add funds… GET OFFER

Greenwood Credit Union High-Yield Savings: 5.27% APY Via Raisin

11 months ago | Categorized as: Bank Promotions

Discover Greenwood Credit Union’s High-Yield Savings Account with a 5.27% APY, NCUA insurance, and no fees. Strengthen your savings and support local businesses. Key Takeaways High-Yield Savings Account with 5.27% APY, 25.1x higher than the national average. Federally insured by… GET OFFER

NexBank Savings Account: 5.26% APY High-Yield Savings with Raisin

11 months ago | Categorized as: Bank Promotions

Discover NexBank's High-Yield Savings Account offering 5.26% APY, 11.7x higher than the national average, with no fees and FDIC insurance. Save with confidence through Raisin. Key Takeaways: High-Yield Savings Account with 5.26% APY. FDIC insured, no fees, and a $1… GET OFFER

PayPal Savings Account Earns 4.30% APY (Just Need A PayPal Balance Account)

1 year ago | Categorized as: Deals

We all hustle in our daily lives, and who doesn’t love the idea of our hard-earned cash working a little overtime? PayPal Savings is here to give your savings account that boost it needs. Update 1/19/24: The offer is still… GET OFFER

Apple Card Linked High Yield Savings Account: Earns 4.15% APY Rate

1 year ago | Categorized as: Bank Promotions, Banking

Apple has launched a new high-yield savings account in partnership with Goldman Sachs, exclusively available for Apple Card users. Update 1/19/2024: The offer is still active. Also, consider this savings account from American Express for a competitive rate. The savings… GET OFFER

Heritage Bank NA High Yield Personal Checking & Savings Accounts Earn Up To 3.02% APY (Nationwide)

1 year ago | Categorized as: Business Promotions, Deals

Heritage Bank NA, Member FDIC, is offering competitive rates on their personal checking and savings accounts. See the current rates below. Heritage Bank is focused on helping people succeed financially. Their mission is to see every customer as an individual… GET OFFER

Wealthfront Cash Account 5.00% APY (5.50% APY With Referral)

1 year ago | Categorized as: Deals

Wealthfront Cash Account is a high-yield hybrid account that combines the features of both checking and savings accounts with no fees or strings attached. See the rate details below. Update 12/13/2023: APY rate increased to 5.00%. You can get 5.50%… GET OFFER

Final Thoughts

In the current era of high interest rates, Savings and Money Market accounts have certainly become more attractive options.

Here’s a quick recap and some key tips to keep in mind when choosing between Savings Accounts and Money Market Accounts and finding the best interest rates:

  • Savings Accounts and Money Market Accounts have similarities but differ in access and features.
  • Consider your access needs and how you plan to use the account.
  • Money Market Accounts offer more features like checks and ATM withdrawals.
  • Savings Accounts generally have limited access to funds.
  • Higher minimum balances may be required for Money Market Accounts.
  • Online banks typically offer better interest rates than traditional banks.
  • Check the FDIC insurance for deposit security.
  • Explore rates provided by internet-only banks for better returns.
  • Choose the account that best aligns with your needs and offers competitive rates.

Understanding the differences between account types and exploring online banking options can help you make an informed decision and maximize your savings.

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Tony Jay

Tony Jay

Hey there! I'm Tony, a personal finance enthusiast.

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