These listings are from companies from which this site receives compensation. Read our affiliate disclosure.

Best Savings Accounts Of November 2022

Compare the best savings accounts

✓ Highest yield savings accounts

✓ No monthly fees or overdraft

✓ Access your accounts 24/7

What account do you want?

Account Type
Savings Accounts
Upgrade Logo

9.8

SmartScore
4.9/5

Upgrade

Our #1 choice for savings accounts

Earn 3.50% APY

Earn 16x the national average

Our #1 choice for savings accounts

Earn 3.50% APY

Cit Bank Logo

9.7

SmartScore
4.8/5

CIT Bank

Zero monthly fees & high APY

Earn 3.60% APY

Zero monthly fees & high APY

Earn 3.60% APY

9.4

SmartScore
4.7/5

Quontic

Voted #1 online bank by Forbes

Earn 3.20% APY

Voted #1 online bank by Forbes

Earn 3.20% APY

Chime Logo

8.7

SmartScore
4.4/5

Chime

Get $200 fee-free overdraft

Earn 2.00% APY

Get $200 fee-free overdraft

Earn 2.00% APY

Aspiration Logo

8.4

SmartScore
4.2/5

Aspiration

Environmentally friendly bank

Earn 3.00% APY

Environmentally friendly bank

Earn 3.00% APY

Community Feedback
Based on the past 30 days
97%
Product Features
Based on our editorial reviews
95%
Community Feedback
Based on the past 30 days
92%
Product Features
Based on our editorial reviews
90%
Community Feedback
Based on the past 30 days
87%
Product Features
Based on our editorial reviews
86%
Community Feedback
Based on the past 30 days
86%
Product Features
Based on our editorial reviews
82%
Community Feedback
Based on the past 30 days
83%
Product Features
Based on our editorial reviews
81%

250,000+ people

have chosen a new account using SmartWealthTrends!​

SmartScore

The SmartScore consists of a combination of the following 2 components:

SmartWealthTrends uses community feedback as one of the components to determine the quality of a service or product that is ranked on our lists.  

SmartWealthTrends uses our individual analysis on the various products and services we review to determine how helpful they are to potential new users.

Editorial Reviews

Upgrade Logo

Upgrade

Read review

Cit Bank Logo

CIT Bank

Read review

Quontic

Read review

Aspiration Logo

Aspiration

Read review

SoFi Logo

SoFi

Read review

Our Top Choice

Most Popular Savings Account

Upgrade Logo

9.8

SmartScore
4.8/5

Upgrade

Our #1 choice for savings accounts

Earn 3.50% APY

Earn 16x the national average

Earn 3.50% APY

Why Should You Open A Savings Account

A savings account is a great way to save for short-term goals or unexpected expenses. When you open a high-yield savings account, you can earn interest on your deposited funds. This interest can help you grow your savings more quickly than if you left your money in a checking account, which generally gives you much less interest.

 

Another benefit of a savings account is that it is FDIC-insured. This means that your deposited funds are protected up to $250,000 per depositor, per bank. So, if the bank where your account is held fails, your money will be refunded by the FDIC with no risk to you.

 

If you want a safe and easy way to grow your savings, then a savings account may be right for you.

Which Account Is Right For You?

Savings Account
VS
Checking Account
VS
CD Account
Earns interest
VS
VS
FDIC-insured
VS
VS
ATM access
VS
VS
Debit card & check writing access
VS
VS
Higher yield potential
VS
VS
Our Top Choice:
CIT Bank Logo 130x130
VS
Upgrade Logo 130x130
VS
Quontic Bank Logo 130x130

Top 5 Benefits Of A Savings Account

  1. Earn More Interest: When it comes to saving money, a savings account is the best way to go. Not only do you get to earn more interest on your deposited funds, but you can also access your money quickly and easily if needed. In addition, many high-yield savings accounts come with no minimum balance requirements, so you can start saving today without having to worry about meeting any specific requirements.
  2. Avoid Market Fluctuations: Unlike other types of investments, such as stocks and bonds, savings accounts are not subject to market fluctuations. This means that your deposited funds are always 100% safe and sound, no matter what is happening in the economy.
  3. Easy Access To Funds: One of the most important things about savings accounts is that you can access your deposited funds quickly and easily. This is perfect for those times when you need cash fast, such as in an emergency situation.
  4. Low Minimum Account Opening: Unlike some other types of investment accounts, savings accounts usually have very low minimum account opening requirements. This makes them accessible to nearly everyone, regardless of how much money you have to deposit.
  5.  Makes Saving Easier: A high-yield savings account makes saving money easier in a number of ways. First, the interest you earn can help your deposited funds to grow over time. Additionally, many high-yield savings accounts come with automatic savings features that make it easy to set aside money each month without having to think about it.

Top Savings Account Options As Of November 30, 2022

Bank

Rate

Explore

3.50%

3.25%

3.20%

Top 3 Best Savings Accounts

If you are looking for a high yield savings account, the Upgrade account could be the perfect choice. With an annual percentage yield this high, your money will grow faster than it would in a traditional savings account. In addition, the Upgrade account offers features that make it easy to manage your money and keep track of your progress.

The Upgrade account allows you to set up automatic deposits, which can help you stay on track with your savings goals. You can also use the account to pay bills and make other payments online. This makes it easy to keep your finances organized and streamlined. The Upgrade account also offers mobile banking, so you can access your account information from anywhere.

Pros

Cons

CIT Bank is an excellent choice if you're looking for a dependable online-only bank. You won't be charged any monthly fees and the minimum opening balance is only $100, so it's easy to get started with CIT Bank. Also, their high-yield savings accounts earn interest on deposited funds immediately. In addition, customer service representatives are available 24/7 should you need assistance.

Pros

Cons

If you're looking for an online bank that offers a wide range of products and services, Quontic Bank is worth considering. In this review, we'll take a closer look at the products offered by this institution and see how they stack up against the competition. So whether you're in the market for a new bank or just want to compare rates, consider checking out Quontic Bank!

Pros

Cons

SmartWealthTrends
Logo
Enable registration in settings - general