Highest Savings Rates Today: September 12, 2022

Savings interest rates have risen steadily throughout 2022. For example, Bask Bank recently raised the rate on its Bask Bank interest-rate savings account to 2.53% APY.

Our guide to the best savings accounts and the guide to the best high yield savings accounts can be great starting points in your search if you are looking for bank accounts with unique benefits or features. But if you have a priority of finding the highest rates above all else, this list is for you.

Highest Savings Account Rates: September 12, 2022

Chevron icon Indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon Indicates an expandable section or menu, or sometimes previous / next navigation options.

Editor’s rating

4/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open and keep at least $ 25 in your account

Editor’s rating

4.25 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Editor’s rating

4/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open an account with at least $ 100

Editor’s rating

4.25 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open an account with at least $ 100

Editor’s rating

4.25 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open an account with at least $ 1,000

Editor’s rating

3.75 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open an account with at least $ 100

Editor’s rating

4.25 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open an account with at least $ 5,000

Editor’s rating

4/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Open an account with at least $ 100

Editor’s rating

4.25 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Editor’s rating

5/5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

Editor’s rating

4.5 / 5

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

A five-pointed star

What are the interest rates for savings accounts today?

The FDIC monitors national rates for interest-bearing bank accounts. The average interest rate paid by a savings account at this time is 0.13% APY.

We have checked over a dozen financial institutions to keep up with their new rate offerings. Our list includes accounts with much higher interest rates than the national average, as online institutions tend to offer high-yield bank accounts.

The most competitive high yield savings accounts pay up to 2.61% APY right now. Keep in mind that interest rates can change. Savings accounts have variable interest rates, which means that rates can fluctuate at any time.

The Federal Reserve has raised the federal funds rate several times this year, so savings interest rates are also expected to rise steadily throughout 2022.

Best savings account interest rates

Annual percentage return (APY)

up to 2.61% of APY

Minimum deposit amount

$ 0

Savings UFB Direct UFB Rewards

Annual percentage return (APY)

up to 2.61% of APY

Minimum deposit amount

$ 0

Annual percentage return (APY)

up to 2.61% of APY

Minimum deposit amount

$ 0

Chevron icon Indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon Indicates an expandable section or menu, or sometimes previous / next navigation options.

UFB Rewards Savings offers the highest interest rate on our list. UFB Rewards Savings could be useful if you want easy access to your account – the savings account comes with an ATM card.

Bask Bank might be a good solution if you want to open an account with $ 0. However, keep in mind that the online-only bank only offers two types of savings accounts. If you are looking for a checking account or CD, we recommend that you consider other financial institutions.

Synchrony also has a High Yield Savings Account with a minimum opening deposit of $ 0. The Synchrony High Yield Savings Account could be a bargain if you prioritize strong customer support – it has 24 phone customer service. 24/7 and live chat.

The BrioDirect High Yield Savings Account can be attractive if you are able to keep at least $ 25 in your account every day.

Bread Savings High Yield Savings Account requires at least $ 100 upfront. If you haven’t heard of Bread Savings, you might recognize the name Comenity Direct. Comenity Direct was recently renamed because its parent company, Bread Financial, has expanded to include loan options.

You might consider banking with LendingClub, CIT Bank, TAB Bank, or Quontic Bank if you are looking to open other accounts alongside your high yield savings account.

LendingClub has a solid cash-back checking account and Quontic has several types of premium checking accounts. The LendingClub High Yield Savings Account and Quontic High Yield Savings Account both require a minimum of $ 100 for an initial deposit.

TAB Bank pays competitive rates on CDs. However, keep in mind that TAB Bank does not have an ATM network, so when you use any ATM, the bank will charge you a fee.

Meanwhile, CIT Bank might be ideal if you’re also looking for CDs or money market accounts. CIT Bank currently offers a unique promotional offer through its money market account and the bank offers a wide range of CD options.

The Citizens Online Access Savings Account is another great high yield savings account. However, keep in mind that you will need at least $ 5,000 to open an account.

The CIBC Agility Account is overall a good high yield savings account, as long as you have at least $ 1,000 to open the account. CIBC Bank USA is the US division of the Toronto-based Canadian Imperial Bank of Commerce and allows you to open current and money market accounts if you live in Illinois, Michigan, Missouri or Wisconsin.

Leave a Reply

%d bloggers like this: