7 Of The Best Savings Accounts With High Interest Rates

I’ve tracked rates on deposit accounts for over 30 years. In 1982, my bank was paying me 16% on a 6 month CD! Savers feared to block long-term CDs for fear the rates would increase. These days have gone away in more ways than one.

Gold and silver bars are stacked on a table in the safe of a gold seller in Munich, Germany.
Today, it is no secret that rates on savings accounts are historically low. However, there are signs that things are starting to change. Today’s online savings accounts offer higher interest rates than their brick and mortar counterparts. And the good news is that some of these online savings accounts have recently raised their rates.

Several websites track savings rates, including Bankrate and Consumerism Commentary. I drew these and other resources to find some of the highest rates available across the country. If you are looking for a new place to save some money for a specific emergency or savings goal, check out these online account options

PurePoint Financial

A division of MUFG Union Bank, N.A., PurePoint is the leader in savings rates for a national bank. It currently offers an online savings rate of 1.40% APY. This fee requires a minimum deposit of $ 10,000 to open an account. There are no monthly fees.


This online bank has increased its high-yield savings account rate to 1.30% APY recently. It’s not a big hurdle, but it’s better than nothing. The accounts insured by the FDIC do not have a minimum monthly balance or service fee. You can withdraw money online or with an ATM card (although fees may apply). And the rate is standard, regardless of the amount of your deposit or the time you leave in your account.