Savings Account Interest Rate Scorecard
A Sampling of Savings Account Interest Rates
The Savings Account Interest Rate Scorecard highlights some of the leading accounts available online. If you just want to know where to find a decent rate, you're in the right place. However, if you insist on earning the absolute highest rates (at least where they stand today - don't be surprised if they change), you'll need to do more research.
To be included on the Scorecard, banks must be FDIC insured.
Leading Savings Account Interest Rates
- 0.95% APY - GE Capital Optimizer Plus
- 0.90% APY -
- 0.87% APY -
See reviews of some of of the leading online bank accounts:
Note that you might be able to find even better savings account interest rates if you look hard enough. Check to see what the personal finance bloggers are talking about. They tend to find great deals, and you’ll find some offers that are only valid on larger minimum deposits. also ranks bank accounts by compiling reviews from various sources.
It may be possible to earn more in a checking account.
This scorecard is designed to inform you of competitive rates in the marketplace.
Keep in mind that rates may change by the time you are able to open an account, and rates will most certainly change over time.
To earn these rates, you may have to open an account and transfer money. As you go through that process, you'll spend time completing forms and changing things. In addition, your money might be between banks for a few days, and it won't earn any interest during that time. Take all of that into consideration as you evaluate whether or not to switch banks. Your time is valuable, and you might not earn as much as you thought by making the switch.
In general, switching banks makes the most sense if:
- The difference between what you're earning and what you can earn is greater
- You have a large amount of money on deposit
For a checklist that helps make the move easier, see How to Switch Banks.