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At Quote States, you're always our top priority. We're committed to empowering you with the ability to make well-informed financial decisions confidently. While our website may not showcase every company or financial product out there, we take immense pride in the advice we share, the knowledge we dispense, and the innovative tools we develop. Everything we do is designed to be objective, independent, clear, and, importantly, free to you.

But how does Quote States sustain its operations? Simply put, we receive compensation from our partners. This compensation might influence which products we decide to feature and discuss, as well as their positioning on our website. However, this commercial relationship does not sway our recommendations or advice, which are rooted in extensive research. Our partners are not able to buy their way into favorable reviews of their products or services on our platform. For transparency, here's a catalog of our partners.

Best Savings Accounts of June 2024

Updated: June 01, 2024, 10:20am

At Quote States, we’re proud to showcase a variety of products from our esteemed partners who provide us with compensation. This arrangement might shape our coverage regarding which products we discuss and the placement and presentation of these products on our site. Nevertheless, we maintain editorial integrity: our assessments and opinions remain unbiased and solely our own. For transparency, here’s a directory of our partners, along with an explanation of how we sustain our operations and generate revenue.

At Quote States, we're dedicated to guiding you through the financial landscape with a focus on maximizing your savings. Savings accounts are secure havens for your funds, safeguarded under federal insurance, ensuring your money not only remains safe but also flourishes over time. The crux of a high-quality savings account lies in its Annual Percentage Yield (APY) - the magic ingredient that fuels the growth of your savings. We're thrilled to showcase options boasting APYs as high as 5.27%, a rare find in today's market.

Why Quote States stands out: Integrity and transparency are the cornerstones of our platform. Our team adheres to stringent editorial principles, guaranteeing unbiased and thorough coverage. Our mission? To arm you with the knowledge to pick financial products that align seamlessly with your goals. Dive into our evaluation criteria to understand how we select banks and credit unions for our recommendations.

The landscape of savings accounts underwent a significant shift in 2022, with banks ramping up interest rates in a bid to counteract previous cuts amidst fluctuating economic conditions. The accounts we highlight aren't just any accounts; they're the cream of the crop, offering some of the most competitive rates available. Choosing one of these accounts means giving your emergency fund or savings goal a substantial boost, far outpacing the current average savings rate of just 0.46%.

APY Research Methodology: Our commitment to providing you with the most current and beneficial rates is unwavering. As of the latest update on this page, the APYs you see are meticulously verified each weekday, ensuring the rates you consider are as fresh as they come.

Remember, the APYs and additional details provided are accurate as of March 14, 2024, with all other insights updated as of March 1, 2024. At Quote States, we're not just about presenting options; we're about offering pathways to smarter saving and financial empowerment.

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Best Savings Accounts From Our Partners

SoFi Checking & Savings

5.0

On Sofi website

APY

4.60%

Minimum Balance Required to Earn APY

$0

Minimum Opening Deposit

$0

Monthly Maintenance Fee

None

SoFi (which stands for Social Finance, Inc.) began as a student loan refinancing company and has since expanded into a broad financial services company that offers a range of products, including bank accounts, loans, investments, insurance, and more. SoFi operates primarily online and does not have physical branches.

UFB Secure Savings

5.0

On UFB Direct website

APY

5.25%

Minimum Balance Required to Earn APY

$0

Minimum Opening Deposit

$0

Monthly Maintenance Fee

$0

UFB Direct is an online-only bank and a division of the more widely known Axos Bank. It offers high-yield savings, money market accounts, and mortgages.

Varo High-Yield Savings

5.0

On Varo website

APY

Up to 5.00%

Minimum Balance Required to Earn APY

$0

Minimum Opening Deposit

$0

Monthly Maintenance Fee

$0

Founded in 2015, Varo is an online-only bank offering products like bank accounts and a credit card.

LendingClub High-Yield Savings

4.8

On LendingClub website

APY

5.00%

Minimum Balance Required to Earn APY

$10

Minimum Opening Deposit

$100

Monthly Maintenance Fee

$0

Lending Club was founded in 2007 as an online bank. It offers products such as loans and deposit accounts.

TAB Bank High Yield Savings

4.7

On Tabbank website

APY

5.27%

Minimum Balance Required to Earn APY

$0.01

Minimum Opening Deposit

$0

Monthly Maintenance Fee

$0

Founded in 1998, TAB Bank is an online-only bank with the mission of providing banking services to underserved individuals and businesses.

Newtek Bank Personal High Yield Savings

4.6

On NewtekBank website

APY

5.25%

Minimum Balance Required to Earn APY

$0.01

Minimum Opening Deposit

$0

Monthly Maintenance Fee

$0

Newtek Bank is a division of the company NewtekOne. It offers various personal and business banking products such as checking and savings accounts.

Western Alliance Bank High-Yield Savings Premier

4.6

On Western Alliance Bank website

APY

5.28%

Minimum Balance Required to Earn APY

$0

Minimum Opening Deposit

$1

Monthly Maintenance Fee

None

Western Alliance Bank is a regional bank headquartered in Phoenix, Arizona. It was established in 2009 and primarily offers commercial banking products and services. It operates in key markets across the U.S. and offers services such as commercial loans, treasury management, international banking, and more.

Milli Savings Account

4.5

On Milli website

APY

4.75%

Minimum Balance Required to Earn APY

$1

Minimum Opening Deposit

None

Monthly Maintenance Fee

None

Milli is a mobile bank that specializes in offering high-yield spending and savings accounts. As a division of the First National Bank of Omaha (FNBO), it’s backed by more than 160 years of experience and is among the largest privately-owned banks in the country.

Cloudbank 24/7 High Yield Savings Account

4.5

On Cloudbank 24/7 website

APY

5.26%

Minimum Balance Required to Earn APY

$0

Minimum Opening Deposit

$1

Monthly Maintenance Fee

$0

Cloudbank 24/7 is a digital bank that’s backed by Third Coast Bank SSB, a community bank that operates in Texas. It specializes in providing online banking products with competitive interest rates.

Customers Bank High Yield Savings Account

4.5

On Customers Bank website

APY

5.26%

Minimum Balance Required to Earn APY

$0

Minimum Opening Deposit

$1

Monthly Maintenance Fee

$0

Founded in 2009, Customers Bank is a super-community bank with over $22 billion in assets. It offers banking and loan services across Florida, Illinois, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Texas.

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Our mission: to simplify decision-making and unlock savings for users nationwide.

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