We analyze online savings accounts in the U.S. to uncover which have the best earnings, benefits, and the lowest fees. Learn more about our methodology here. Bank awards methodology | Previous Award Winners

1. Best Savings Account for Competitive Interest Rates

Popular Direct Savings

B+ MyBankTracker Rating

Top interest rates for savings throughout the country. More than 55,000 ATMs worldwide.

Best Feature: Highly competitive interest rates.

When it comes to offering competitive interest rates, it’s hard to beat the Popular Direct Savings Account. This account offers the highest savings APY on the market, though it does require a $5,000 minimum account opening deposit. And there’s no monthly fee unless your balance dips below $500.

  • Earn

    Earn a 1.15% APY with a Popular Direct savings account ($5,000 minimum deposit)

  • Fees

    Avoid the $4 monthly fee by keeping a balance of at least $500

  • Benefits

    Free mobile check deposit

    Mobile app available on the Apple App Store and Google Play

2. Best Simple High-Yield Savings Account

Incredible Bank Incredible Savings

B MyBankTracker Rating

Competitive interest rates on all accounts.

Best Feature: Simple high-yield savings.

Incredible Bank lives up to its name. The Incredible Savings account offers competitive interest rates rate on a simple and easy-to-use savings account. Beware that there is a $15 monthly fee if your account balance falls below $2,500 - making this an account best for the serious saver.

  • Earn

    Earn a 1.11% APY

  • Fees

    Monthly fee of $15 can be waived as long as the account balance doesn’t fall below $2,500

  • Benefits

    Free mobile check deposit

    Mobile app available on the Apple App Store and Google Play

3. Best No-Fee High-Yield Savings Account

Salem Five Direct eOne Savings

B MyBankTracker Rating

Competitive interest rates. No monthly fees. No minimum balance required.

Best Feature: No-fee high-yield savings.

You can earn a high interest rate with no monthly fees and no minimum balance thanks to the Salem Five Direct eOne Savings. And if you want to branch out to larger investment opportunities, you can stay within the Salem Five to find an investment account for you. Salem Five even offers a quiz to help you discover your financial personality.

  • Earn

    Has an APY of 1.10% APY

  • Fees

    No monthly fees

  • Benefits

    Free mobile check deposits

    A plethora of online calculators to help you with your financial planning and questions

    Mobile app available on the Apple App Store and Google Play

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