Today’s 5 Best Online Savings Accounts
Comparing online savings account can be tricky. Should you go with the bank with the highest rates or the bank with best fee structure? An online bank you have never heard of or a large well-known national bank? No to mention the difficulty in evaluating the social responsibility of the bank you plan to deposit money with.
Green Bank Report is making it easy for you to find the right savings account. We have weeded through the thousands of online savings account and picked five that stand out as leaders. Our list of the five best online savings account is below.
5 Best FDIC-Insured Online Savings Account
1. SFGI Direct High-Interest Savings Account
Rate: 1.41% APY
Minimum opening deposit: $500
Minimum balance to earn highest rate and avoid fees: $1
Geography: Available nationally
Insurance: Deposits held at Summit Community Bank. FDIC-insured up to $250,000 per depositor.
2. SmartyPig
Rate: 1.35% APY
Rate Cap: If balances exceeds $50,000, entire balance earns 0.50% APY
Minimum opening deposit: $50
Minimum balance to earn highest rate and avoid fees: $1
Geography: Available nationally
Insurance: Deposit held at BBVA Compass Bank. FDIC-insured up to $250,000 per depositor.
3. WT Direct High Yield Savings Account
Rate: 1.21% APY
Minimum opening deposit: $0
Minimum balance to earn highest rate and avoid fees: $10,000
Geography: Available nationally
Insurance: Deposits held at Wilmington Trust. FDIC-insured up to $250,000 per depositor.
4. Ally Bank Online Savings Account
Rate: 1.09% APY
Minimum opening deposit: $0
Minimum balance to earn highest rate and avoid fees: $0
Geography: Available nationally
Insurance: Deposits held at Ally Bank. FDIC-insured up to $250,000 per depositor.
5. 1st Constitution Direct Super Savings Internet Special
Rate: 1.10% APY
Rate Floor: Balances under $9,999 and below earn a 0.50$ APY
Minimum opening deposit: $100
Minimum balance to earn highest rate and avoid fees: $10,000
Geography: Available nationally
Insurance: FDIC-insured up to $250,000
Rates subject to change. Check with bank for terms and conditions.
