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Online Savings Account Rates

Online high yield savings accounts are huge. They have grown from a small niche industry in the 90′s to a very popular, safe, and easy way to save money vs. a traditional brick and mortar savings account at your local bank. With a few exceptions, rates for the savings accounts below are sometimes 10x higher or more than what you’ll get a local bank. The only downside to an online account is that it can take a day or two for transfer to occur. I actually think this is great, it gives you a day or two to think about that transfer and why you are making it!

Online High Yield Savings Account Rates

Bank
APY
Min Deposit
Review
Notes
Learn More
Sallie Mae
1.00%
$0
Ally Bank
0.84%
$0
Bank of America
0.08%
$2,500
Wells Fargo
0.05%
$100

Most high yield savings accounts will require a very minimal deposit, if any, to get setup. The chart above has links to the most popular online accounts.

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