Top 10 Savings Accounts in USA 2021

Saving money is something that everyone should try to do, because you never know when a big expensive pop up can happen.

But, saving money can be difficult, especially when the savings rate is not so attractive.

However, we’ve found the 10 best savings accounts in America that can help boost your savings efforts.

So, read the list, choose your favorites and make your savings for yourself and your family.

Top 10 Savings Accounts in America

Are you trying to find out which bank has the best savings account in the United States?

The following is a list of the top 10 American savings accounts and statistics compiled from various sources on the web, such as banks, Wikipedia, various media, etc.

These are the 10 best savings accounts in America.

10. FNBO direct

Closing the list compared to others on the list is a relatively unknown bank.

FNBO means First National Bank of Omaha. The company has a long history in the banking world and has its roots in Nebraska.

If you are a person who prefers to go to a branch to deposit your money, you will be happy to know that they have branches in 7 states, mostly in the Midwest of America.

First National Bank of Omaha

However, if you are not bothered by it, you can open an account online with a minimum deposit of only $ 1.

They are currently offering a 2.00% APY, which is quite good compared to the current standard rate.

And, if you like to do all your banking under one roof, you can also think of opening a checking account so that you can easily transfer money between the two!

Type Subsidiary
Industry Finance and Insurance
Founded Omaha, Nebraska
December 10, 1857 (as Kountze Brothers Bank);
July 1, 1865 (First National Bank Omaha)
Headquarters Omaha, Nebraska, United States
Key people
Clark Lauritzen, President[1]
Products Financial services
Number of employees
Parent First National of Nebraska

9. Capital One Bank

If you want to use technology for your financial management and have the skill to do it online, then opening a savings account at Capital One Bank may be a good choice for you.

At the moment, they are offering 1.00% APY, which is still much better than the national average.

The account is completely fee-free and you do not need to keep your balance, so it is up to you how you use this account in your financial planning.

Now, suppose you want to have multiple savings accounts, or you want to divide your savings into easily identifiable savings targets, such as a travel fund or car fund, well, Capital One can open up to 25 savings accounts as a single account holder.

Capital One

When you make a payment, you can set up automatic transfers to the amount of your choice in each savings account, so that your entire savings system is automated!

Type Public
Industry Financial services
Founded July 21, 1994; 27 years ago
Richmond, Virginia, U.S.
Founder Richard Fairbank, Nigel Morris
Headquarters Capital One Tower
McLean, Virginia
Areas served
United States, Canada, United Kingdom
Key people
Richard Fairbank
(Chairman, President and CEO)
Stephen S. Crawford
(Head of Finance and Corporate Development)
R. Scott Blackley
Products Retail banking, credit cards, loans, savings
Decrease US$26.033 billion (2020)[1]
Operating income
 US$3.203 billion (2020) [1]
Net income
Decrease US$2.714 billion (2020) [1]
Total assets Increase US$421.602 billion (2020) [1]
Total equity Increase US$60.204 billion (2020) [1]
Number of employees
Increase51,985 (2020) [2]
Subsidiaries Wikibuy, ShareBuilder, Paribus, United Income, BlueTarp, Adaptive Path, Confyrm, Capital One Securities, Critical Stack, Monsoon Company, Finnoble Solutions, Notch
Capital ratio 11.2% (2018)

8. SOFI Money

This type of account from SOFI Money can be called “Hybrid Savings Account”.

The reason is that it is actually a cash account whose interest rate on a savings account is currently 1.80% and a debit card like a checking account.

So, you get all the benefits of your parking with reasonable interest, no fees and online access to your account, but you can also withdraw from that balance at any time using your debit card!

Sofi Money Banking

This can be a good option for anyone who prefers to get a reasonable amount of access at any time, but will probably still hold cash for any kind of emergency.
So this could be a good place to keep your emergency funds.

Type Public
Traded as
Nasdaq: SOFI
Industry Personal finance, Software
Founded August 2011; 10 years ago
Founders Mike Cagney
Dan Macklin
James Finnigan
Ian Brady
San Francisco, California, U.S.
Key people
Anthony Noto (CEO & Director)
Products Student loans
Home loans
Personal loans
Wealth management
Credit card
Revenue Increase US$547 million (2018)
Net income
Increase US$126 million (2018)
Number of employees
1,383 (2019)

7. Ally Bank

Currently offering a savings rate of 1.90% APY, Ally Banks Savings Account can be valuable to you.

As you might expect, this type of savings account comes with no fees, no minimum balance and other nice value benefits.

Where this account stands apart from others it facilitates access and customer service. By now, Ally Bank is known for providing good customer service, and accessing your money through its website is easy and efficient.

Ally Bank

Ally Bank also offers high-yield checking accounts, so if you want to keep everything under one roof and do everything online, opening an account with them may work well for you.

Also, if you do get one of their checking accounts, you’ll receive a debit card which you can use for free across at a number of ATMs across USA.

Formerly GMAC Inc. (1919–2010)
Type Public company
Traded as
  • Russell 1000 component
Industry Financial services
Founded 1919; 102 years ago (as General Motors Acceptance Corporation)
Headquarters Ally Detroit Center
Detroit, Michigan, U.S. (Corporate)
Sandy, Utah, U.S. (Ally Bank)
Key people
Franklin W. Hobbs, Chairman
Jeffrey J. Brown, CEO
Jennifer Laclair, CFO
Services Car finance
Online banking
Mortgage loans
Revenue Increase US$6.394 billion (2019)
Net income
Increase US$1.721 billion (2019)
Total assets Increase US$180.844 billion (2019)
Total equity Increase US$14.416 billion (2019)
Number of employees
8,700 (2019)

6. Marcus by Goldman Sachs

The next best savings account in America is Goldman Sachs’ Marcus.

Contacts can play a big role in your decision to open a new account and so on. Goldman Sachs has a reputation when all things are considered, and it’s probably not going anywhere anytime soon.

So, if you want to open a Marcus Savings Account, you will not get 2.00% APY, no fee and minimum deposit.


The extra 0.10% puts it in front of Ally Banks online savings account and without paying any fees for free, we think this is a good option if you are just looking for a savings account!

Also, if you want to transfer a lot of money, the Marcus account should be good enough because it has a reasonable transfer limit.

Type Public
Traded as
  • NYSE: GS
  • DJIA component
  • S&P 100 component
  • S&P 500 component
ISIN US38141G1040
Industry Financial services
Founded 1869; 152 years ago
Founders Marcus Goldman
Samuel Sachs
Headquarters 200 West Street
New York, NY 10282
Area served
Key people
Lloyd Blankfein
(Senior Chairman)
David M. Solomon
(Chairman and CEO)
John E. Waldron
(President and COO)
Richard Gnodde
(Vice Chairman)
John F. W. Rogers
Lakshmi Mittal
(Board Member)
Stephen M. Scherr
Products Asset management
Credit cards
Commercial banking
Investment banking
Investment management
Mutual funds
Prime brokerage
Revenue Increase US$44.6 billion (2020)[1]
Operating income
Increase US$12.5 billion (2020)[1]
Net income
Increase US$9.5 billion (2020)[1]
AUM Increase US$2.1 trillion (2020)[1]
Total assets Increase US$1.2 trillion (2020)[1]
Total equity Increase US$95.9 billion (2020)[1]
Number of employees
Increase 40,500 (2020)[1]
Divisions Investment Banking
Global Markets
Asset Management
Consumer & Wealth Management
Subsidiaries Marcus by Goldman Sachs
Goldman Sachs Personal Financial Management
Goldman Sachs Capital Partners
Goldman Sachs Ayco Personal Financial Management
Capital ratio Tier 1 12.8% (2018; Basel III Advanced)
Rating Standard & Poor’s: BBB+
Moody’s: A3
Fitch Ratings: A

5. Synchrony

Another savings account that gives high yields is one of synchronization.

Offering a 2.00% APY like the Marcus account from Goldman Sachs, Synchrony’s savings account is currently one of the best rated on the market.

If you want to open an account with them, you will be happy to know that you have FDIC insurance and consistently good savings rates.

Account opening is easy and done in minutes, with no minimum deposit of more than $ 1.

However, if customer service and a good user experience are important to you, synchronization may not be the best choice. They have received some negative feedback from customers about their clunky website and overall customer support.

Synchrony Bank

You won’t be able to go to a branch anytime soon, because the company only has one location in New Jersey.

So, consider these factors when deciding whether to choose this account, because high interest yields are nothing if you have trouble accessing money.

Type Public
Traded as
  • S&P 500 component
Industry Financial services
Founded September 12, 2003; 18 years ago[1]
Stamford, Connecticut, U.S.[2]
Key people
  • Margaret M. Keane (Executive Chairman)
  • Brian Doubles (CEO)


Products Credit cards
Payment systems
Revenue Increase US$14.8 billion (2018)[4]
Net income
Increase US$2.79 billion (2018)[4]
Total assets Increase US$106.792 billion (2018)[4]
Total equity Increase US$14.678 billion (2018)[4]
Number of employees
16,500 (2018)[4][5][6]

4. American Express Bank

Next, we have a high yield savings account from American Express Bank.

If you are already an existing Amex credit card customer, you will know how good their customer service is and what you can expect if you open a savings account with them.

They offer a savings account with 1.90% APY, it is FDI insured and has been positively reviewed.

This is an online-offer only, as Amex has no branches, so this type of account would be most suitable for someone looking for a high-interest account to save their money from a reputable company.

The American Express Bank

An annoying downside is that if you have a credit card and a bank account, you need to login to multiple accounts, because they are not connected.

This isn’t a big deal, but there are some things to consider if you want to shorten your account and password.

Type Public
Traded as
DJIA component
S&P 100 component
S&P 500 component
Industry Banking
Financial services
Predecessor Livingston, Fargo & Company
Wells, Butterfield & Company
Wells & Company
Founded March 18, 1850; 171 years ago, in Buffalo, New York, U.S.
Headquarters 200 Vesey Street
New York, NY 10285
United States
Area served
Key people
Stephen J. Squeri
(Chairman & CEO)
Jeffrey C. Campbell
(Executive VP & CFO)
Products Charge cards
Credit cards
Traveler’s cheques
Corporate banking
Services Finance
Revenue Decrease US$36.09 billion (2020)[1]
Operating income
Decrease US$4.3 billion (2020)[1]
Net income
Decrease US$3.14 billion (2020)[1]
Total assets Decrease US$191.37 billion (2020)[1]
Total equity Decrease US$22.98 billion (2020)[1]
Owner Berkshire Hathaway (18%)
Number of employees
63,700 (December 2020)[1]

3. Discovery Bank

At number 3 on the list of America’s best savings accounts is Discover Bank’s high yield savings account.

Probably not the most well-known bank among the savings, but certainly one that has been around for a long time.

Their savings account currently offers 1.90% APY with no fee and no minimum balance requirement.

Discover Card: Everything to know about it

Now, if you’re a fan of offers and promotions and can’t choose between this account and another one on this list, they’ve made your life easier by offering you a deal to sign up.

If you open an account by a certain date and deposit some cash, they’ll give you $150 – $200 depending on the amount you deposit.

Type Public
Traded as
  • S&P 500 component
Industry Financial services
Founded 1985; 36 years ago (as a subsidiary of Sears)
Founder Sears
Riverwoods, Illinois


Key people
  • Roger Hochschild
  • (CEO)
  • David Nelms
  • (Executive Chairman)
Products Payment systems, Credit cards, Finance, Consumer banking, Loans
Revenue Decrease US$12.95 billion (2020)[1]
Operating income
Decrease US$1.44 billion (2020)[1]
Net income
Decrease US$1.14 billion (2020)[1]
Total assets Decrease US$112.89 billion (2020)[1]
Total equity Decrease US$10.88 billion (2020)[1]
Number of employees
17,600 (2020)[1]
  • Dean Witter Reynolds
  • (1985–1997)
  • Morgan Stanley
  • (1997–2007)
  • Independent
  • (2007–present)
Subsidiaries Diners Club International
Discover Bank
Discover Network

2. CIT Bank

Second on our list is CIT Bank, which currently offers a 2.20% APY Premier High Yield Savings Account.

It is one of the highest rates in the market and it is attracting a lot of attention.

However, keep in mind that you will need a bank account from another provider to be able to transfer money in and out of your savings account, as CIT does not provide checking accounts. However, it does have branches that you can visit if you need some more peace of mind.

CIT Bank - CD rates

To open an account, you don’t need a huge balance, it will be $ 100, but to get the best possible rate, you will probably jump through a few hoops to confirm your eligibility.

Type Public company
Traded as
S&P 400 Index component
Industry Banking
Financial services
Founded 1908; 113 years ago in St. Louis, Missouri
Founder Henry Ittleson
Headquarters 11 West 42nd Street,
New York, New York, USA
Area served
North America
Key people
Ellen Alemany
(Chairwoman & CEO)
John Fawcett
Robert Rubino
(President of CIT Bank)
Products Commercial banking
Retail banking
Asset-based lending
Commercial mortgages
Revenue Increase US$2.29 billion (2019)
Net income
Increase US$529 million (2019)
Total assets Increase US$50.832 billion (2019)
Total equity Increase US$5.814 billion (2019)
Number of employees
3,609 (2019)
Divisions Consumer Banking
Commercial Finance
Real Estate Finance
Business Capital
Subsidiaries OneWest Bank
Capital ratio 12.0% Common Equity Tier 1 capital (2018)[1]
Rating Fitch: BB+ (2018)
S&P: BB+ (2018)

1. Betterment

The best savings account in America right now is Betterment.

They are fairly new to the world of high yield savings accounts, but they are certainly offering some great value.

As it currently stands, they are offering a maximum rate of 2.21% APY with absolutely no fees and minimum balance requirements.

How Does Betterment Make Money?

Their account is FDIC insured up to $ 1,000,000.
If you want to get the highest rate, they have to join your waiting list for a checking account, which they are disclosing, however, the checking account is free and it is not mandatory that you open it.

If you combine their current offers with their great online banking benefits and positive reviews, it’s pretty clear why they came in at number one!

Type Private
Industry Investment services
Founded 2008
  • Jon Stein (Founder)
  • Eli Broverman (Co-Founder)
New York City, New York


United States
Key people
  • Sarah Levy (CEO)
Products Financial services, asset management, portfolio management, trust services
Revenue US$50 million (2019) [1]
AUM Increase US$29 billion (2021) [2]
Number of employees
293 [3] (2020)
Parent Betterment Holdings, Inc.
Divisions Betterment for Business Betterment for Advisors
Subsidiaries MTG, LLC.


Above is a list of the top ten banks in the United States. From here you can easily bank on any of your banks and you can provide this information to any of your coworker family members and other classmates.

We hope that they will also benefit from you in this regard. We are happy to help you through this site, so you will visit the website of each site and verify the correct information.