Online Saving Accounts — Best

Online-only banks typically offer the highest interest rates because they have lower overhead costs than traditional banks.

“I take full advantage of Varo's Savings... 5% APY up to $5k and 2.5% for everything over.. . Daily compounding and paid monthly... I have zero complaints.” Facebook · Greeley! Anything still goes · 1 week ago

Features a 4.00% APY and has no minimum deposit requirement. It is a strong choice for those looking to start saving with any amount.