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 Consistently High Rates

Ally Bank Online Savings Account

A+ MyBankTracker Rating

Competitive interest rates. No monthly fees. Partial ATM reimbursement.

Best Feature: Strong track record of stable and high rates.

Ally Bank Logo

Ally Bank wins thanks to its low-cost banking and consistently competitive interest rates. Ally’s Online Savings Account interest rates don’t tend to fluctuate, making this a reliable option for savings. This is great for someone who wants a savings account that’s likely to remain stable over time.

  • Earn

    Has a competitive APY on all balances

  • Fees

    No monthly fees

    Surcharge-free access to more than 43,000 Allpoint ATMs

  • Benefits

    Great customer service

    Popmoney feature allows you to send money to friends with ease

    Mobile app available on the Apple App Store and Google Play

2. Best Trusted Savings Account

Capital One 360 Savings

A MyBankTracker Rating

No-fee checking. Strong rates and loan products.

Best Feature: One of the most trusted online banks.

Capital One 360 Logo

Capital One 360 was one of the pioneers of online banking when it was ING Direct and has since remained relevant thanks to a savings rate high enough to beat much of the competition. That, combined with the large variety of financial services and products from Capital One, make this savings account a strong option for many.

  • Earn

    Get a great rate APY on all balances

  • Fees

    No monthly fee

  • Benefits

    Have up to 25 free savings accounts with nicknames for different goals

    Free mobile check deposit

    Person2Person feature allows you to send money to friends with ease

    Mobile app available on the Apple App Store and Google Play

    My Savings Goal Feature to keep track of your savings progress

3. Best Kept Secret Savings Account

American Express High Yield Savings

A+ MyBankTracker Rating

No monthly fees. No minimums. Premium savings accounts.

Best Feature: Highly focused on great savings.

American Express Bank, FSB. Logo

We’re happy to award American Express again for its high yield savings account. Many don’t even know that American Express offers much more than premium credit cards. That’s because American Express has been quietly operating its premium savings account for years - and it’s one to seriously consider if you’re looking for a strong savings account that offers competitive savings interest rates.

  • Earn

    Has a high APY rate on all deposits.

  • Fees

    No monthly fee

  • Benefits

    Known for superb customer service

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