To create this list, Forbes Advisor analyzed 73 savings accounts at 53 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions. We ranked each institution on 12 data points within the categories of APY, fees, customer experience, digital banking experience and minimum requirements.

Here’s the weighting assigned to each category:

  • APY: 30%
  • Fees: 40%
  • Customer experience: 10%
  • Digital experience: 10%
  • Minimums: 10%

We also considered whether there were complex tier structures or requirements to earn the APY. To be on this list, the savings account must be nationally available.

To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks.

Banks We Monitor

Acorns, Affinity Federal Credit Union, Affirm, Alliant Credit Union, Ally Bank, Amalgamated Bank, American Express, Apple Federal Credit Union, Armed Forces Bank, Axos Bank, BancorpSouth Bank, Bank of America, Bank OZK, Bank5 Connect, BankDirect, BankPurely, Barclays, Bask Bank, BECU, Bethpage Federal Credit Union, Blue Federal Credit Union, BMO Harris, Bread Financial, BrioDirect Banking, Cadence Bank, Capital One, CFG Community Bank, Charles Schwab Bank, Chase, Chevron Federal Credit Union, Chime, CIBC Bank, CIT Bank, Citibank, Citizens Access, Colorado Federal Savings Bank, Comerica, CommunityWide Federal Credit Union, Connexus Credit Union, Consumers Credit Union, Consumers Credit Union (MI), Copper, Credit Union of Denver, Current, Digital Federal Credit Union, Discover, Dollar Savings Direct, E*Trade Bank, EBSB, EmigrantDirect, Exchange Bank and Trust, Fidelity, Fifth Third Bank, Financial Partners Credit Union, Financial Resources Federal Credit Union, First Citizens Bank, First Foundation Bank, First Horizon Bank, First Internet Bank, First National Bank and Trust, First National Bank of America, Fitness Bank, FNBO Direct, Georgia’s Own Credit Union, Golden1 Credit Union, Greenlight, Greenwood Credit Union, Hanscom Federal Credit Union, Heritage Bank, HSBC, HSBC Direct, Hughes Federal Credit Union, Huntington Bank, Huntington National Bank, Ideal Credit Union, iGoBanking, Incredible Bank, KeyBank, Kinecta Federal Credit Union, La Capitol Federal Credit Union, LendingClub, Live Oak Bank, M&T Bank, MAC Federal Credit Union, MainStreet Bank, Marcus by Goldman Sachs, Michigan State University Federal Credit Union, My Banking Direct, My eBanc, MySavingsDirect, NASA Federal Credit Union, Nationwide Bank, Navy Federal Credit Union, nbkc Bank, Northpointe Bank, Nuvision Federal Credit Union, One, Pacific National Bank, Paramount Bank, Pen Air Federal Credit Union, PenFed, PNC Bank, Popular Direct, Presidential Bank FSB, PSECU, Purepoint Financial, Quontic, Quorum Federal Credit Union, Radius Bank, Regions Bank, Rising Bank, SalemFiveDirect, Sallie Mae Bank, Santander, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, SFGI Direct, Simple, SmartyPig Bank, SoFi, Spectrum Credit Union, State Bank of Texas, State Department Federal Credit Union, State Farm Bank, Superior Choice Credit Union, Synchrony Bank, TAB Bank, TD Bank, Texas Capital Bank, EverBank, Truist, U.S. Bank, UFB Direct, Union Bank & Trust, USAA, USAlliance Federal Credit Union, Varo Bank, Vio Bank, Webster Bank, Wells Fargo, Zions Bank and Zynlo Bank.

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Last Update: June 25, 2024

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