Best high-yield savings accounts in January 2022

Bankrate’s guide to choosing a high-yield savings account

It doesn’t matter if you’re working class or very wealthy — everyone needs an emergency fund. And there’s no better place to park the money you’re saving than in a high-interest savings account.

High-yield savings accounts are used for emergency funds and storing savings for future events. They pay a yield that’s higher than average, allowing savers to reach their financial goals faster. CDs are deposit accounts that tend to pay higher yields than traditional savings and money market accounts.

The average savings account pays 0.06 percent annual percentage yield (APY). Many of the country's biggest banks pay less than that.

Some online banks offer better deals than the average bank -- with yields that are up to seven times higher than the national average. Compare rates among today's best widely available, high-interest savings accounts to find the right account for you.

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Best high-yield online savings accounts for January 2022

Note: Annual percentage yields (APYs) shown are as of Jan. 21, 2022. Bankrate's editorial team updates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products.

1. LendingClub Bank – 0.60% APY, $100 minimum opening deposit/$2,500 minimum for APY

Overview: LendingClub Bank was formed when LendingClub purchased Radius Bank. The deal closed in February 2021 and Radius Bank deposit products became LendingClub Bank products in July 2021.

Perks: LendingClub Bank offers a competitive APY on its High-Yield Savings account, which includes an ATM card. There are no monthly maintenance fees.

What to watch for: Only balances of $100 or more earn interest, and a $5 minimum balance is needed to keep a High-Rate Savings Account open.

2. Alliant Credit Union – 0.55% APY, $5 minimum opening deposit/$100 minimum for APY

Overview: In 1935, what’s now Alliant Credit Union was founded as the United Airlines Employees’ Credit Union. Alliant currently has 500,000 members.

Perks: You won’t pay a monthly maintenance fee as long as you choose online statements.

What to watch for: Only balances of $100 or more earn interest.

3. Pentagon Federal Credit Union – 0.55% APY, $5 minimum opening deposit

Overview: Pentagon Federal Credit Union was established in 1935. It has more than 2 million members and is based in McLean, Virginia.

PenFed offers nine terms of CDs, ranging from six months to seven years.

Perks: The Premium Online Savings Account can be opened with just $5 and there is monthly service fee.

What to watch for: You can join Pentagon Federal Credit Union through employment, association membership, military affiliation or through other methods.

4. Comenity Direct – 0.55% APY, $100 minimum opening deposit

Overview: Comenity Direct is an online bank that offers both a high-yield savings account and five terms of CDs. Comenity Direct launched those savings products in 2019.

Perks: The high-yield savings account requires just $100 to open.

What to watch for: Official checks cost $15 each and there’s a $5 fee for each paper statement.

5. Quontic Bank – 0.55% APY, $100 minimum opening deposit

Overview: Quontic Bank was established in 2005 and is based in New York.

A $100 minimum deposit is required to open a Quontic Bank High Savings account. Quontic Bank also offers four terms of CDs that offer terms ranging from six months to three years and require a $500 minimum deposit.

Perks: Quontic Bank High Savings account doesn't have a monthly maintenance fee.

What to watch for: You’ll pay $10 for each withdrawal that surpasses six in a statement cycle.

6. CIBC Bank USA – 0.52% APY, $1,000 minimum opening deposit

Overview: CIBC Bank USA, formerly The PrivateBank and Trust Co., was founded in 1991 and is based in Chicago. Its online banking unit is known as CIBC Agility, which offers the Agility Online Savings Account.

Perks: The Agility Online Savings Account doesn’t have a monthly maintenance fee.

What to watch for: You’ll need $1,000 to open the Agility Savings Account.

7. Ally Bank – 0.50% APY, $0 minimum opening deposit

Overview: Ally Bank started in 2004 and is headquartered in Sandy, Utah. Ally Bank surpassed 1 million customer accounts in 2012 and currently has about 2.3 million customers.

In addition to its no-penalty CD, Ally Bank also offers checking and money market accounts, term CDs and two terms of a Raise Your Rate CD.

Perks: Ally Bank doesn’t have a monthly service fee and it also doesn’t require a minimum opening deposit. Official checks are free for savings account customers at Ally Bank.

What to watch for: An outgoing domestic wire will cost $20.

8. American Express National Bank - 0.50% APY, $0 minimum opening

Overview: American Express is best known for its credit cards. But it also offers a competitive savings account. The account also has no fees and lets you link your external bank account. The company also offers a variety of CDs.

Perks: The online high yield savings account from American Express provides a competitive rate. It doesn't charge any monthly fees, and it doesn't require a minimum balance. The ability to link current bank accounts offers an easy solution if you have outside accounts that you'd like to view on one platform.

What to watch for: American Express doesn’t have a checking account, so you’ll need to bank elsewhere to get one. Similar to other online banks, American Express does not have any branch locations. And there's no mobile check deposit option — American Express reserves mobile apps for its credit card customers.

9. Barclays Bank – 0.50% APY, $0 minimum opening deposit

Overview: Barclays Bank has been around for more than 300 years. Back then it started in London. Barclays Bank has the Barclays Online Savings account and nine terms of CDs.

Perks: Barclays Bank doesn’t require a minimum opening deposit. You also can call Barclays Bank any day of the week. The daily phone hours are 8 a.m. to 8 p.m. Eastern.

What to watch for: Your account may be closed for keeping a balance of less than $1 in your Barclays Online Savings account for more than 179 days.

10. Citibank – 0.50% APY, $0 minimum opening deposit/$1 minimum for APY

Overview: The Citi Accelerate Savings account has a competitive APY in select markets. It’s not available in some larger states, such as California and New York state. The savings account doesn’t require a minimum balance to open the account.

There is a $10 monthly service fee if you have a checking and savings account linked and don’t meet the requirements to have the fee waived.

Perks: Savings accounts not linked to a checking account are subject to a $4.50 monthly fee should the average monthly balance fall below $500.

What to watch for: There is a $4.50 monthly service fee if your savings account isn’t linked to a Citi checking account.

11. Discover Bank – 0.50% APY, $0 minimum opening deposit/$1 minimum for APY

Overview: Discover Bank may be known for its credit cards, but it has been offering deposit products online since 2007. In addition to savings, checking and money market accounts, it also offers 12 terms of CDs, ranging from three months to 10 years. 

Perks: Discover Bank’s savings account offers competitive rates, charges no monthly maintenance fee and requires no minimum deposit to open.

What to watch for: Slightly higher yields are available at other banks. 

12. Live Oak Bank – 0.50% APY, $0 minimum opening deposit

Overview: Live Oak Bank is an online bank founded in 2008 and based in Wilmington, North Carolina. It offers a competitive yield on its savings account.

In addition to its savings account, Live Oak Bank also offers seven terms of CDs.

Perks: Live Oak Bank’s Online Savings account doesn’t have a monthly service fee and there is no minimum balance requirement.

What to watch for: There’s a $10 dormant account fee for accounts without any activity for 24 straight months. Accounts with a balance of less than $10.01 are assessed a fee that doesn’t overdraw the account and then it is closed.

13. Marcus by Goldman Sachs – 0.50% APY, $0 minimum opening deposit

Overview: Marcus is Goldman Sachs’ consumer-banking unit, which offers a savings account, a variety of CDs and three no-penalty CD terms.

Perks: Its savings account doesn’t require a minimum opening deposit and it doesn’t have a monthly service fee. Marcus by Goldman Sachs has an app on iOS and Google Play.

What to watch for: There isn’t a minimum deposit required and the account doesn’t have a monthly service fee.

14. Synchrony Bank – 0.50% APY, $0 minimum opening deposit

Overview: Synchrony Bank is an online bank that offers a savings account, money market account, regular CDs, IRA CDs and IRA money market accounts.

Perks: Synchrony Bank’s High Yield Savings account offers a competitive yield and doesn’t require a minimum deposit.

What to watch for: There are savings accounts and money market accounts that offer a higher yield than Synchrony Bank’s High Yield Savings account.

15. TAB Bank – 0.50% APY, $0 minimum opening deposit

Overview: TAB Bank was established in 1998 in Ogden, Utah, as a banking service inside truck stops. TAB (Transportation Alliance Bank) serves businesses and individual customers.

It offers several checking accounts, a couple of savings account options, a money market account and CDs in eight terms, from six months to five years.

Perks: You won’t need to make an initial deposit to open the High-Yield Savings account at TAB Bank.

What to watch for: You need to keep at least $1 in the account. Also, a cashier’s check costs $15.

16. TIAA Bank – 0.50% APY, $25 minimum opening deposit ($0 for Rhode Island residents)

Overview: TIAA Bank is a division of TIAA FSB and has nine branches, all in Florida.

TIAA also offers a money market account, a checking account and CD terms ranging from three months to five years.

Perks: The Basic Savings account only requires $25 to open the account. Rhode Island residents don’t need an opening deposit.

What to watch for: A $25 minimum monthly balance is required for the Basic Savings account to waive the $5 monthly service fee. (Residents of Rhode Island are exempt.)

17. Vio Bank – 0.50% APY, $100 minimum opening deposit

Overview: Vio Bank, established in 2018, is the national online division of MidFirst Bank. MidFirst Bank has been an FDIC-insured bank since 1934 and was established in 1911.

Vio Bank offers both a High-Yield Online Savings account and CDs. Vio Bank’s High-Yield Online Savings account has one of the top yields around, and all balances receive this APY.

Perks: Vio Bank has consistently offered one of the highest APYs available.

What to watch for: There’s a $5 fee for paper statements and a $10 charge for each withdrawal beyond six in a monthly statement cycle.

18. Popular Direct – 0.45% APY, $5,000 minimum opening deposit

Overview: Popular Direct offers the Select Savings account and term CDs. Both the Popular Direct savings account and its CDs are for established savers, since the Ultimate Savings account requires a $5,000 minimum deposit and its CDs have a $10,000 minimum deposit requirement.

All Popular Direct deposit accounts are opened through Popular Bank.

Perks: Popular Direct has 24/7 customer support.

What to watch for: Closing the account within 180 days will cost you $25. There’s also a $5 dormancy fee that’s charged for not having account activity during a 12-month period.

Statement periods are quarterly with the Select Savings Account.

What is a high-yield savings account?

High-yield savings accounts typically pay a much higher annual percentage yield (APY) than traditional savings accounts, providing savers the ability to earn more on their savings while still enjoying the security of a federally insured account.

Some banks offer introductory rates on high-yield savings accounts that may only be available for a limited time. In the current low-rate environment, however, those accounts may be hard to find. Most high-yield savings accounts have a variable APY, which means the yield is subject to change. Consumers looking for a fixed yield should consider a certificate of deposit, and a no-penalty CD might be a good option for those looking for both a fixed APY and access to their money without incurring a penalty.

How do high-yield savings accounts work?

High-yield savings accounts help you earn a higher yield than a typical savings account. The national average savings account annual percentage yield APY is 0.06 percent. But that’s just the average. There are savings accounts earning even less yield than that — some of which are offered by the large brick-and-mortar banks.

Once you put money in a high-yield savings account, it earns interest. Then the interest, which is typically credited on a monthly or quarterly basis, begins to earn interest. That’s compound interest and it’s how your money starts to really grow over time.

High-yield savings account yields are usually variable. In other words, they could increase or decrease. However, it’s been a decreasing trend since around June 2019.

The Federal Reserve is planning on three rate increases in 2022. Greg McBride, CFA, Bankrate chief financial analyst, is forecasting two Fed rate hikes for this year. McBride predicts APYs for top-yielding savings accounts and money market accounts will increase to 1.05 percent this year. 

High-yield savings terms to know

• APY: Annual percentage yield is the real rate of return that you’ll earn on a savings account or other deposit product. It factors in the interest rate as well as compounding interest and is the best way to compare savings yields on an apples-to-apples basis.
• Compound interest: In simple terms, this means you’re earning interest on your interest. Instead of only earning interest on your principal amount, you’ll earn interest on your principal as well as the previous interest earned on your principal, allowing you to grow your total savings faster.
• Monthly service charge/maintenance fee: This is a monthly fee charged by a bank, usually for going below a certain balance in the account.
• Regulation D: This Federal Reserve rule is used to limit the number of withdrawals and transfers you can make from a savings account during a monthly statement cycle. Some banks still have restrictions on withdrawals and transfers, even though the Fed removed these limits in 2020.

Considerations for choosing a high-yield savings account

Here are a few important things to consider when searching for a high-yield savings account. Also take a look at Bankrate’s expert reviews of popular banks that offer high-interest savings accounts when choosing which account is right for you.

Annual percentage yield (APY)

One of the most important considerations when choosing a high-yield savings account is the APY.

APY incorporates the effect of compounding: the interest earned on your initial deposit in addition to the interest earned on top of other interest earnings. When it comes to APYs, higher is usually better, but it’s important to weigh the APY against the requirements to earn the yield.

You can use Bankrate’s compound interest calculator to calculate your potential earnings on any savings account.

Minimum deposit required

Minimum deposit amounts vary by bank — some require nothing to open an account, while others require $10,000 or more. Decide how much you can realistically invest when comparing high-yield savings products. If you’re trying to hit a particular goal, consider how much you’re willing to save and over what period of time.

Accounts requiring a higher minimum deposit might not offer the best yields, so it pays to check minimum deposit requirements at all institutions you’re considering before opening an account. Online banks, for example, often require no minimum opening deposit or no minimum balance, and some also charge no monthly maintenance fees. 

Minimum balance required

Not only do some high-yield savings accounts require a minimum deposit to open an account, they may also have a minimum balance required to earn the APY offered or avoid fees.

What’s important to consider when weighing the minimum balance requirements of various high-interest savings accounts is how often you’ll need to access the money, and whether you’ll be able to maintain the balance to earn the APY.

How often rates change

Banks and credit unions have a tendency to adjust interest rates. Unlike CDs, which lock in a rate for a period of time, savings account yields tend to be variable, which means they could change at any time.

A bank may lower or raise savings account APYs for various reasons. It may raise its rate as part of a promotion to attract more deposits, or it may adjust rates in response to broader economic factors, such as changes to monetary policy by the Federal Reserve.

Since savings rates are usually variable, consider how often a bank offers teaser rates that may fluctuate and determine what your potential earnings could look like after a year.

Withdrawal options

The number of withdrawals that can be made from savings and money market accounts is governed by Regulation D, which limits transactions to six a month. Included are online transfers to different accounts, transfers over the phone, automatic transfers, overdrafts and check or debit transfers. Withdrawals or transfers made at an ATM or in-person at a bank don’t count toward the limit.

Are high-yield savings accounts safe?

Like traditional savings products, safety is a mainstay of high-yield savings accounts.

Insured up to $250,000 at banks by the FDIC, and at credit unions by the National Credit Union Share Insurance Fund (NCUSIF), high-yield savings accounts offer a safe place to stash cash for emergencies, large expenses and short-term savings goals while earning interest.

Check your accounts regularly for any unauthorized withdrawals or transactions and notify the bank immediately of any discrepancies.

Why are most high-yield savings accounts online?

The best high-interest savings accounts are usually found online. Online banks tend to offer the most competitive yields on their accounts. One reason why these banks can pay more is that they have fewer expenses since they don’t operate branches.

But these online banks also need a way to get your attention. Often, a high yield is the way to do that. Many online banks also don’t charge a monthly service fee for their accounts and some of them don’t have minimum balance or minimum opening deposit requirements either.

Is a high-yield savings account right for you?

Low yields are part of the current savings-rate environment, but some return is better than none, and rates may soon be on the rise. For these reasons, moving money sitting in a noninterest bearing account to a high-yield savings account could be a smart move. Earning a competitive APY will help the account balance grow over time (assuming no withdrawals are made) and help it better keep up with long-term inflation.

How to open a high-yield savings account

Whether it’s building an emergency fund or saving for a vacation or other big expense, a high-interest savings account can help you reach your goals. Opening a high-yield savings account is relatively simple, too. Here’s how:

1. Shop around: High-yield savings accounts are offered by online banks, traditional banks that operate branches and credit unions. Online banks typically offer the highest rates because they don’t have the overhead associated with maintaining branches and can pass the savings, in the form of higher rates, along to customers. Along with APY, compare the fees and services to find the right fit for your finances. 

2. Fill out an application: Once you’ve chosen a high-interest savings account, you’ll need to fill out an application, whether online or in person. The bank or credit union will likely ask for personal information, including your driver’s license number, Social Security number, mailing address and date of birth. 

3. Fund your account: After the application is approved, it’s time to fund the account, which can be done by linking a checking account to the new savings account and transferring funds. Depending on the bank, the new savings account can also be funded with cash, through a wire transfer or by mailing a check. Some banks also permit mobile deposits. 

Deposit enough money to meet the account’s minimum deposit requirement, otherwise you may be assessed a maintenance fee or earn a lower than expected interest rate, until the minimum is met.

What to do if you are unable to open a high-yield savings account

First, ask your bank why you weren’t able to open a high-yield savings account. Depending on the answer, you might want to go to ChexSystems’ website and request a report to see whether your banking history is the reason why.

ChexSystems is a national specialty consumer reporting agency that keeps track of some of your banking history. Your check cashing history, any suspected fraud activity and closed accounts are some of the things that may appear on a ChexSystems report.

Best uses for a high-yield savings account

High-yield savings accounts can be used for any savings goal, such as:

Saving for a large purchase

Traditional mortgages for purchasing a primary or secondary home typically require a down payment of at least 5-20 percent to avoid private mortgage insurance. FHA loans require a down payment of at least 3.5 percent. Here’s how much money is needed to save for a down payment on a $200,000 home: 20 percent down: $40,000. 5 percent down: $10,000. 3.5 percent down: $7,000. Saving that amount of money may take some time, but a high-interest savings account can help move toward the goal faster. Here’s a general estimate of how long it would take to save up a 20 percent, 5 percent and 3.5 percent down payment on a $200,000 home, assuming you have a high-yield savings account paying a 0.6 percent APY. 20 percent: Three years. (Initial deposit of $1,000 and then contribute $1,076.36 each month.) 5 percent: One year. (Initial deposit of $1,000 and then $749.50 every month for a year.) 3.5 percent: Six months. (Initial deposit of $1,000 and then about $999 every month.) Buying a car also will likely require a down payment, should you be looking to finance the purchase. Saving up and paying for a car with cash is a better choice, if you have the means, since it will save you interest payments and financing fees.

Planning an event or vacation

Saving now can pay off for those who have big plans, such as getting married. The national average cost of a wedding was $19,000 in 2020, according to The Knot’s Real Wedding study, and doesn’t include the honeymoon. A high-yield savings account is an ideal way to save money for your wedding because it’s liquid, safe — if it’s in a FDIC-insured account and within guidelines and limits — and can offer a competitive yield. With an initial deposit of $1,000 and two years to save, you’d need to set aside about $1,122 monthly in a high-yield savings account paying 0.6 percent APY to reach $28,000 to spend on a wedding and honeymoon. Family vacations can be an exciting adventure but also tough on the wallet. A high-interest savings account can help out, if you know when you’d want to go and how much you can spend; setting a budget for travel, lodging, food and miscellaneous items can help. If you’re planning to spend $2,000 on a getaway in a year, you would need to save about $159 a month in a high-yield savings account paying 0.6 percent APY, with an initial $100 deposit.

Saving for your future

When saving for a child’s education, it’s best to start early and save often. College savings plans like a 529 plan are a good solution, because money grows tax free. It also isn’t taxed when the money is taken out to pay for college. But college tuition costs can sneak up fast, and a high-yield savings account can be a solid alternative in last-minute situations when saving is essential. To successfully use a high-interest savings account for college tuition, you’ll need to set a savings goal and calculate the monthly investment needed to hit that goal. For example, let’s say you need $50,000 for college tuition and your child is in seventh grade. If you open a savings account with an initial deposit of $1,000 yielding 0.6 percent APY, you’d need to deposit an additional $806 a month to hit your goal by the time your child heads off to college. Bankrate’s savings goal calculator can help you create a timeline for your savings goals.

Other uses for a high-yield savings account

Other savvy uses for a high-yield savings account include setting aside money for an emergency fund, typically an amount equal to three to six months of living expenses in the event of job loss, which can also be used to cover an unexpected household expense.

High-yield savings accounts FAQs

Pros and cons of high-yield savings accounts

Pros:

• High-yield savings accounts typically pay a much higher APY than traditional savings accounts
• Interest is compounded daily, which means you’re earning interest on top of the interest already earned
• Many high-yield savings accounts offer digital tools that allow you to manage your savings through your smartphone or tablet
• High-yield savings accounts at most banks and credit unions are insured by the federal government, meaning your money is safe
• Unlike a certificate of deposit, funds deposited in a high-yield savings account are easily accessible

Cons:

• Rates for high-yield savings accounts are variable and may fall
• Some banks restrict withdrawals/transfers to only six a month
• Checks generally can’t be written on savings accounts.

What are the risks of a high-yield savings account?

It would be a risk to be above FDIC limits and guidelines in an account or to bank with a non-FDIC institution. A bank failure at one of these institutions would put your money at risk. The way to avoid this is by confirming your bank is FDIC-insured, using the FDIC’s BankFind Suite. Also, confirm that your money is insured by using the FDIC’s Electronic Deposit Insurance Estimator (EDIE) and knowing the limits, guidelines and ownership categories. If you bank with a credit union, make sure the institution is backed by NCUA insurance.

Do you pay taxes on interest earned in a high-yield savings account?

The IRS specifically says that interest earned on bank accounts is taxable interest. Interest is usually taxed as ordinary income. All interest income is taxable, even if it’s not reported on a Form 1099-INT. That form is usually generated toward the beginning of the calendar year, after you’ve earned more than $10 in interest during the previous tax year.

Complements and alternatives to high-yield savings accounts

High-yield savings account vs. money market account

High-yield savings account vs. traditional savings account

High-yield savings accounts and traditional savings accounts are similar. High-yield accounts are frequently available online, while some traditional savings accounts, which include both passbook and statement savings accounts, may be restricted to opening and managing at a bank branch.

Also, as the name suggests, high-yield savings accounts typically earn much higher rates than traditional savings accounts, and may require a larger opening deposit and minimum monthly balance requirements. Both accounts are subject to monthly fees, depending on the institution, but many banks offer high-yield and traditional savings accounts that charge no fees.

Accessibility of high-yield savings

In deciding where to open a high-yield savings account, consider the importance of banking in person. Most high-yield savings accounts are offered by online banks, which means having to give up access to a branch. Accounts can still be managed online, of course, through the bank's website or app.

Consumers looking for a more personal touch may want to consider opening a high-interest savings account at a local bank, though limited business hours may restrict when and how often services are available.

Some larger banks offer the convenience of both high rates and branches that may appeal to consumers looking for the best of both worlds.

Why have high-yield savings rates gone down in recent years?

The Federal Reserve made two unscheduled rate cuts in March 2020 to bring rates to a near-zero level. Savings account yields closely follow the federal funds rate, which is the rate the Fed lowered due to economic concerns around the start of the pandemic.

High-yield savings account APYs tend to move before or after the Fed lowers the federal funds rate.

Here’s a look at Ally Bank’s savings yield, for instance:

• June 24, 2019: 2.2 percent APY
• June 25, 2019: 2.1 percent APY
• Dec. 20, 2019: 1.6 percent APY
• July 8, 2020: 1 percent APY
• Nov. 30, 2021: 0.5 percent APY
• Dec. 15, 2021: 0.5 percent APY
• Jan. 5, 2022: 0.5 percent APY

Other high-interest savings accounts have had similar yield decreases over this same time period.

While you probably won’t earn as high of a yield as you would have earned earlier this year on a savings account, it is still worth earning a competitive yield on your emergency fund or any other money that you need to keep safe. Of course, always make sure it’s with a Federal Deposit Insurance Corp. (FDIC) bank and within FDIC limits and guidelines.

High-yield savings account takeaways

Overall, high-yield savings accounts can be used for a range of purposes. From your emergency fund to saving up for a down payment, high-yield savings accounts can play a major part in your broader financial plan. If you’re looking for an account that can help you save while still offering easy access to your money, a high-yield savings account is worth consideration.

Best high-yield online savings accounts for January 2022

Additional trusted high-yield savings account choices for January 2022

*Highest APY paid on account balances of more than $25,000 or accounts with less than $25,000 but with monthly deposits of $100 or more. Lowest APY paid on accounts with balances of less than $25,000.

Banks we monitor

These financial institutions are featured in our high yield savings account rate research: Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Express National Bank, Axos Bank, Bank 5 Connect, Bank of America, Bank of the West, Barclays, BB&T, BECU (Boeing Employees Credit Union), Bethpage Federal Credit Union, BMO Harris Bank, BrioDirect, Capital One Bank, Chase Bank, CIBC USA, CIT Bank, Citibank, Citizens Access, Citizens Bank (Rhode Island), Comenity Direct, Comerica Bank, Customers Bank, Delta Community Credit Union, Discover Bank, E-Trade Bank, Emigrant Direct, Fifth Third Bank, First Citizens Bank, First Internet Bank, First Technology Federal Credit Union, FNBO Direct, Golden 1 Credit Union, Marcus by Goldman Sachs, HSBC, Huntington National Bank, Investors Bank, Investors eAccess, KeyBank, LendingClub Bank, Limelight Bank, Live Oak Bank, M&T Bank, MySavingsDirect, Navy Federal Credit Union, PenFed Credit Union, PNC Bank, Popular Direct, Purepoint Financial, Quontic Bank, Randolph-Brooks Federal Credit Union, Regions Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, State Employees' Credit Union, Suncoast Credit Union, Suntrust Bank, Synchrony Bank, TD Bank, TIAA Bank, UFB Direct, Union Bank (California), U.S. Bank, USAA Bank, Vio Bank, VyStar Credit Union, Wells Fargo and Zions Bank.

Learn more:

• How to choose a bank: 8 steps to take
• 5 ways to use your brokerage like a savings account
• Best CD rates