High Yield Deposit Accounts
The bank account and interest rate you choose will affect your financial future in a number of ways. This holds true both for CD's, money market, and savings and checking accounts.
As you compare options, consider the following details: bonuses and promotions, fees, interest rates, account features, safety and security, cross-product offerings, and brand recognition (among others that are important to you).
Whether you are moving your balance or starting with new funding, we have you covered with a clean and easy to understand comparison of some of the top banks in the US.
Quontic Bank High Interest Checking
Highest APY Yield: 1.01%
- Earn 1.01% APY on the Portion of Daily Balances up to $150,000
- Open an account online in just 3 minutes
- No monthly maintenance fees or minimums
- $100 minimum deposit required to open an account
About Quontic Bank
Quontic is the adaptive digital bank helping people grow their money with purpose. Were changing the narrative of traditional banking Quontic is innovative, digital-first, and customer-centric without sacrificing the personal touch.
Our Take
It has never been easy to find a high-interest checking out with reasonable fees. However, the Quontic Bank high interest checking account fits the mold. With this account, you're able to earn interest on the money you use for everyday purchases.
The primary benefit of this account is the ability to earn 1.01% APY on a portion of daily balances up to $150,000. When compared to many savings products, you get a higher interest rate with the Quontic Bank high interest checking account — and that's something special in today's day and age.
With no maintenance fees or minimums, there's nothing to worry about on this front. The only requirement is that you make a $100 minimum deposit to open your account. Once you do that, you have access to a feature-packed checking account that pays out industry-leading interest.
Terms and Conditions
10 debit card point of sale transactions of $10 or more per statement cycle required to earn the maximum APY per account balance tier. If the qualifying activity requirement is NOT fulfilled, the interest rate paid on the entire balance will be 0.01% APY. Please visit our website for list of non-qualifying activities. APY means Annual Percentage Yield.
Availability
Available nationwideContact Quontic Bank
Customer Service: 1-800-908-6600
Axos High Yield Savings
Highlights: Interest compounded daily and no monthly fees
Highest APY Yield: 0.61%
- Earn 0.61% APY
- Suite of digital money management tools
- No maintenance fees
- No monthly minimum balance requirements
- $250 minimum balance to open an account
About Axos Bank
Since Axos Bank first opened for business on July 4, 2000, Axos Bank has been leading the way in digital banking. Today theyre a technology-driven financial services company that provides innovative banking products and services to customers nationwide.
Our Take
There's no shortage of high yield online savings accounts to choose from, but not all of them are worth the time. You only want to consider the best of the best, and that's where the Axos high yield savings account comes into play.
In addition to a 0.61% APY, interest is compounded daily and there are no monthly maintenance fees. Furthermore, with no monthly minimum balance requirement, you're free to do as you wish with your funds — without risking a fee.
The only thing you need to open an Axos high yield savings account is a $250 minimum deposit. With that, you'll have access to an account from a leading technology-driven financial services company.
Terms and Conditions
$250 minimum balance to open an account. Balances of $25,000 or more earn a lower tier rate than the first $25,000.
Availability
Available nationwide
Axos Rewards Checking
Highlights: Never pay monthly maintenance fees again
Highest APY Yield: 1.25%
- Use Promo Code "MAY150" for a $150 bonus! *Up to 1.25% APY
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- Unlimited domestic ATM fee reimbursements
- Zero Minimum Balance Requirement
- Only $50 to open an account
About Axos Bank
Since Axos Bank first opened for business on July 4, 2000, Axos Bank has been leading the way in digital banking. Today theyre a technology-driven financial services company that provides innovative banking products and services to customers nationwide.
Our Take
Don't believe the myth that every checking account is “more or less the same.” The Axos rewards checking account proves this wrong once and for all. With an APY of up to 1.25% and no monthly maintenance fees, it's easy to see why this account stands out in a crowded industry.
Other features of the Axos rewards checking account include no NSF fees, zero overdraft fees, no minimum monthly balance requirement, and unlimited domestic ATM fee reimbursements.
If you're ready to take advantage of all these benefits — among others — all you need is $50 to open an account. From there, you'll have all the checking account features you've come to enjoy, along with many others that will change the way you bank forever.
Terms and Conditions
See Bank Website for terms and conditions
Availability
Available nationwide
CIT Bank High Yield eChecking
Highlights: No monthly fees
Highest APY Yield: 0.25%
- CIT Bank does not charge ATM fees. Get up to $30 in other bank’s ATM fees reimbursed per month.
- Debit card with EMV chip technology.
- Transfer, pay and purchase via mobile with Zelle®, Bill Pay, Samsung Pay and Apple Pay.*
- Deposit checks and make unlimited withdrawal and disbursements with the CIT Bank mobile app.
- 24/7 account access online and mobile, plus an automated telephone system.
- Easily set travel alerts or stop/restrict use on your debit card.
About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
It's hard to find a good interest-bearing checking account with no monthly fees, as well as reimbursable ATM fees. CIT Bank fills that gap along with easy online and mobile banking. Your deposit accounts are FDIC insured up to $250,000 per depositor, so this offers a secure and practical way to modernize your checking account while receiving interest on your balance.
Other reasons to choose the CIT Bank high yield eChecking account include no ATM fees, enhanced security measures, and unlimited withdraws and disbursements through the CIT bank mobile app.
An APY yield as high as 0.25% allows you to earn money on your balance, something that was previously designated for savings accounts only. When it's this easy to earn interest, there's no reason to miss out.
Terms and Conditions
No monthly fees. Monthly ATM fee reimbursement up to $30 per statement cycle. To see the few fees on our eChecking account, download the Schedule of Fees . Note that paper checks are not included or permitted as a means by which customers may remit funds or make payments.
Availability
Available nationwideContact CIT Bank
Customer Service: 855-462-2652
Fraud, Disputes & Related Issues: 855-462-2652
CIT 1-Year Term CD
Highest APY Yield: 0.30%
- $1,000 minimum to open
- Daily compounding interest to maximize your earning potential
- FDIC insured*
About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
CIT is a leading provider of certificates of deposit (CDs) due in large part to its reputation, ease of purchase, and industry-competitive interest rates.
Backed by CIT Group Inc. (NYSE: CIT), there are no concerns about the legitimacy of this product. Furthermore, when you buy a high APY yield 1-year term CD from CIT you gain access to the following benefits:
- Daily compounding interest to maximize your earning potential
- 0.30% yield
- FDIC insured
There’s only a $1,000 minimum to purchase a CIT 1-year term CD, making it a good fit for most buyers. Add this to the ability to complete the process online and it’s easy to take action when you’re ready.
Terms and Conditions
* CIT Bank, N.A. and OneWest Bank, a division of CIT Bank, N.A. are the same FDIC-insured institution. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in CIT Bank, N.A., you should include deposits held in OneWest Bank.
Availability
Available nationwideContact CIT Bank
Customer Service: 1 (855) 462-2652
Fraud, Disputes & Related Issues: 1 (855) 462-2652
CIT Bank Savings Builder
Highlights: Accelerate Your Savings
Highest APY Yield: 0.45%
- Earn up to 0.45% APY with a savings plan that fits your lifestyle.
- Two ways to accelerate your savings
- High Balance Savers: Maintain a balance of $25k or more to earn our highest interest rate.
- Monthly Savers: $100 minimum to open an account plus, $100 minimum single deposit per month to earn our highest interest rate.
About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
CIT Bank provides options for anyone looking to increase savings. It can be a struggle to come up with a minimum deposit for maximum benefit, so CIT offers a low $100 monthly deposit to take advantage of the highest rate.
This savings account is built on the idea that anyone can accelerate their savings with the right product and approach. Currently, you can earn up to 0.45% APY with one of these two savings products:
- High balance savers: maintain a minimum balance of $25k to earn the highest interest rate.
- Monthly savers: make a minimum deposit of $100 each month to earn the highest interest rate.
As you can see, CIT Bank makes it simple to open an account and earn a competitive interest rate.
Terms and Conditions
There are no opening, monthly servicing, online transfer or incoming wire fees.
Availability
Available nationwide
CIT Bank Money Market Account
Highlights: Easily pay people and bills, with no monthly fees.
Highest APY Yield: 0.55%
- Access your money easily with Zelle® & Bill Pay.3
- Your CIT Bank account is FDIC insured, which means it's secure.
- No monthly service fees.
About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
If you find yourself searching for the best money market account — perhaps to earn more interest than a traditional savings account — CIT has you covered.
The CIT Bank Money Market Account is an industry leader for a variety of reasons:
- 0.55% APY yield
- Access to both Bill Pay and Zelle for paying people and paying bills
- No monthly service fees
- FDIC Insured
When a money market account is what you need, this product from CIT Bank deserves a second look. There aren’t many competitors that offer the same high level of features, including an above-average APY yield.
Terms and Conditions
1: CIT Bank, N.A. and OneWest Bank, a division of CIT Bank, N.A. are the same FDIC-insured institution. Deposits held under each name are not separately insured, but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in CIT Bank, N.A., you should include deposits held in OneWest Bank.
2: APY — Annual Percentage Yield is accurate as of April 1, 2021. Interest Rates for the Money Market account are variable and may change at any time without prior notice. Fees may reduce earnings.
3: Account is limited to a total of six (6) preauthorized or automatic transfers or withdrawals, electronic banking transfers between other accounts or similar order per statement cycle period. An excess activity fee will be charged each time the transaction limits are exceeded. Please refer to our Fee Schedule and “Consumer Products and Fees” section in the Account Disclosures Brochure applicable to your account.
Availability
Available nationwideContact CIT Bank
Customer Service: 1 (855) 462-2652
Fraud, Disputes & Related Issues: 1 (855) 462-2652
CIT Bank Savings Connect
Highlights: Grow your savings faster
Highest APY Yield: 0.60%
- Savings Connect gives you the benefits of a savings account with a linked eChecking account.
- When you open a Savings Connect account, we will also open an eChecking account for you. You'll immediately earn Savings Connect's top rate, while enjoying eChecking convenience.
- The eChecking account earns interest, has no monthly or ATM fees–and reimburses up to $30 in other bank's ATM fees per statement cycle.
- You can maintain the top Savings Connect APY of 0.60% by depositing at least $200 a month into your eChecking account, or earn a competitive, slightly lower APY of 0.42% without making the required monthly deposit.
About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
Some bank accounts have more features and benefits than others, and that can definitely be said about CIT Bank Savings Connect. With this, you get the benefit of a savings account along with the power of a linked eChecking account. It’s the best of both worlds.
The goal of CIT Bank Savings Connect is to help you grow your savings faster. Here are some of the reasons for its popularity:
- 0.60% APY yield
- The convenience of a savings account and eChecking account
- The eChecking account earns interest and has no monthly fees
- No ATM fees with reimbursements up to $30 (per cycle) for other bank ATM fees
- Earn 0.60% by depositing a minimum of $200 per month
If you need a high-yield account for saving and a checking account for paying bills, CIT Bank Savings Connect checks all the boxes.
Terms and Conditions
Savings Connect is a tiered interest rate account that offers a higher interest rate to customers with a linked Qualifying eChecking account to which periodic Qualifying Deposits are made. Interest rates and Annual Percentage Yields (APYs) are variable and may change without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the accounts. The Qualifying eChecking account must be opened concurrently with the Savings Connect account and the ownership of both accounts must be identical. The minimum to open an eChecking account is $100. Both accounts must be funded within 30 days of account opening.
Availability
Available nationwideContact CIT Bank
Customer Service: 1 (855) 462-2652
Fraud, Disputes & Related Issues: 1 (855) 462-2652
Chime Savings Account
Highlights: Automatic savings features
Highest APY Yield: 0.50%
- 0.50% Annual Percentage Yield (APY)¹ — over 10X² the national average!
- No minimum or maximum balance requirements
- No fees³
- Automatic Savings features
- Signing up takes 2 minutes
About Stride Bank
Founded in 1913, Stride Bank is an Oklahoma-based financial institution that holds over $1.17 billion in assets. Offering a full range of financial services such as consumer and commercial banking, mortgage, wealth management, and treasury management, Stride Bank has also developed and currently manage highly specialized payment solutions for several national fintech companies.
Our Take
If simplicity is what you want, a Chime savings account is what you need. Highlighted by its automatic savings feature and a 0.50% APY yield, you have everything you need to take your savings to the next level.
Powered by Stride Bank, here are some of the features associated with a Chime savings account:
- Create an account in two minutes or less
- Simplified online account management
- No minimum or maximum balance requirements
- No fees
Let's put it this way: you can't understand the simplicity of a Chime savings account until you take a closer look.
Terms and Conditions
Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Please see back of your Card for its issuing bank. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.
While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.
¹ APY—Annual Percentage Yield. Effective December 9, 2020 the interest rate will be 0.50%. These interest rates are variable and may change at our discretion at any time. No minimum balance required. Must have $0.01 in savings to earn interest.
² The average national savings account interest rate of 0.05% is determined by FDIC as of November 30th, 2020 based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. visit https://www.fdic.gov/regulations/resources/rates/historical/2020-11-30.html to learn more.
³ There’s no fee for the Chime Savings Account but a $2.50 cash withdrawal fee is applied to the Chime Spending Account for out of network ATM withdrawals and over the counter "OTC" withdrawals. You must have a Chime Spending Account to open a Chime Savings Account.
Availability
Available nationwide
Aspiration Spend & Save
Highlights: Earn cash back on debit card purchases
Highest APY Yield: 1.00%
- Earn cash back on debit card purchases and more than 15x the national interest rate on savings
- Choose a monthly fee you think is fair
- Aspiration Spend and Save account does not include a credit card
- Spend and save with fossil fuel-free deposits
- Fee-free ATM withdrawals at 55,000+ Allpoint ATMs
- Cash back on debit card purchases at socially conscious businesses
- Up to 1.00% in interest on savings with Aspiration Plus
- Option to plant a tree with every roundup
- Personal impact score to help you shop to match your values
About Aspiration Financial
Aspiration is the new way to spend and save that builds a richer future for your finances and a cleaner future for the environment. By transferring money from your big bank to Aspiration, you automatically take dollars away from the funding of oil pipelines, coal mining, and weapons manufacturing, and put them toward sustainable investments instead. Aspiration also empowers its customers to use their money to make small impacts everyday, like planting a tree every time you make a purchase or providing automatic carbon offsets every time you gas up your car.
Our Take
An Aspiration Spend & Save account is the best of both worlds. You can use it to spend and/or save, which saves you time and reduces financial stress
The two primary benefits of an Aspiration Spend & Save are as follows:
- Earn up to 1.00% in interest on savings
- Earn cash back on debit card purchases
If that's not enough to get you excited, here are some additional features:
- You choose the monthly fee
- Fee-free ATM withdrawals at more than 55,000 Allpoint ATMs
- Socially conscious bank account with the option to plant a tree with every roundup
There aren't many bank accounts with a feature and benefits list as comprehensive as Aspiration Spend & Save.
Terms and Conditions
See Bank Website for terms and conditions
Availability
Available nationwide
Quontic Bank High Yield Savings
Highest APY Yield: 0.65%
- Earn 0.65% APY with a Quontic High Yield Savings Account
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
- Open an account online in just 3 minutes
- Interest is compounded daily and credited to your account every month
About Quontic Bank
Quontic is the adaptive digital bank helping people grow their money with purpose. Were changing the narrative of traditional banking Quontic is innovative, digital-first, and customer-centric without sacrificing the personal touch.
Our Take
The Quontic Bank High Yield Savings is more than a standard savings account. It's packed full of features and benefits that make it an excellent choice among consumers from all walks of life.
With an industry-competitive 0.55% APY yield, a Quontic Bank High Yield Savings can help you reach all your savings goals sooner than expected. Other features include:
- Open an account in three minutes or less
- Start earning interest on day one, regardless of how much money you deposit
- Interest is compounded daily with earnings credited once per month
There aren't many bells and whistles associated with a Quontic Bank High Yield Savings. Instead, what you get is a high yield account that's simple to manage. And for many people, that's more than enough!
Terms and Conditions
Limit of 6 withdrawals per statement cycle APY means Annual Percentage Yield
Availability
Available nationwideContact Quontic Bank
Customer Service: 1-800-908-6600
Quontic Bank Money Market Account
Highlights: Savings As Easy As 1-2-3...
Highest APY Yield: 0.60%
- Earn up to 0.60% Annual Percentage Yield with a Quontic Money Market Account
- Let our highest yield savings account do all of the work.
- $100 minimum deposit required to open an account
About Quontic Bank
Quontic is the adaptive digital bank helping people grow their money with purpose. Were changing the narrative of traditional banking Quontic is innovative, digital-first, and customer-centric without sacrificing the personal touch.
Our Take
Let's face it: saving money is easier said than done. And that's especially true if you don't have a defined strategy for doing so. Fortunately, when you open a Quontic Bank Money Market Account, you're taking a big step in the right direction.
With this account, saving money is simple. It only takes a handful of minutes and $100 (minimum deposit) to open an account and familiarize yourself with its dashboard. From there, you'll earn 0.60% APY on your savings. So, the more money you deposit the more money you'll earn.
Just the same as a Quontic Bank High Yield Savings account, this one is simple to open and use. Combine this with a 0.60% APY and you have a winner.
Terms and Conditions
Limit of 6 withdrawals per statement cycle.
Availability
Available nationwideContact Quontic Bank
Customer Service: 1-800-908-6600
Quontic Bank Certificate of Deposit
Highlights: 5 Maturity Date & Rate Options
Highest APY Yield: 2.30%
- Earn up to 2.30% Annual Percentage Yield (APY)
- Open an account online in just 3 minutes
- Minimum of $500 required to open.
About Quontic Bank
Quontic is the adaptive digital bank helping people grow their money with purpose. Were changing the narrative of traditional banking Quontic is innovative, digital-first, and customer-centric without sacrificing the personal touch.
Our Take
As an adaptive digital bank with a forward-thinking approach, you should expect the best of the best from Quontic. And that's exactly what you get with a Quontic Bank certificate of deposit (CD).
With a five-year maturity date, you will earn up to 2.30% APY on your deposit. And speaking of deposits, there's a $500 minimum — which is less than most similar products.
If you're ready to purchase a five-year Quontic Bank CD, you'll be glad to know that you can do so within a matter of minutes. Best yet, you never have to leave home. Once your account is active, you can manage it — and track your savings — from anywhere you have an internet connection.
Terms and Conditions
Withdrawals before the maturity date are subject to penalties.
Availability
Available nationwideContact Quontic Bank
Customer Service: 1-800-908-6600
We are adding more banks and updating rates daily, so check back often if you are waiting for the right deal.
Also, it's critical to only compare FDIC-insured banking institutions, of which there are more than 4,800 throughout the country.