Best Savings Accounts for January 2020

Earn 20x More Interest With These High Yield Savings Accounts

After years of paying out next to nothing, interest rates on savings accounts are on the rise. In fact, if you open up an online savings account today, you can lock in a rate of over 2.00%! Interest rates are only continuing to go up, so the sooner you open your high yield savings account, the quicker your money will grow.

The best online savings accounts offer free ATM withdrawals, low or no minimum balances, and interest rates over 20x higher than the national average for a traditional account. Our favorite accounts below tick all of those boxes and all come FDIC insured.

APY stands for Annual Percentage Yield. It’s different from interest rate because it takes into account compounding interest. APY is subject to change before and after account opening.

Account Details
Best Overall
With $100 Min. Deposit
With $100 Min. Deposit
At CIT Bank
  • Get up to a $300 Bonus
  • Rates as high as 1.80% APY
  • No fees
  • $100 minimum deposit to open
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