Banking
Get the full rundown on bank accounts, including the best picks for your money and essential education on checking, savings, and CD accounts.
Dive deeper into our banks library
Start comparing banks
The Motley Fool's top banking resources
FAQs
-
A bank is an institution where anyone (approved by the bank) can deposit savings and take out loans. Banks are often seen as a convenient and secure way to store money, and some account types also earn interest. Most banks have both online and in-person services.
-
An online bank is a financial institution that takes deposits and makes loans online, without any physical branches.
-
A credit union is a nonprofit financial institution that exists to serve its members. Unlike banks, credit unions are owned and operated by their members, with a focus on providing affordable financial products and services.
Compare savings rates
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.60%
Rate info
3.60% annual percentage yield as of June 11, 2025. Terms apply.
Min. to earn: $0
|
N/A
|
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
up to 3.80%
Rate info
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn: $0
|
New customers earn an extra 0.20% APY on savings for up to 6 months + up to $300 bonus with qualifying direct deposits. Terms apply.
Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.20% APY Boost (added to the 3.80% APY as of 6/10/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 6/24/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for Barclays Tiered Savings
On Barclays' Secure Website.
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
4.00%
Rate info
Balances less than $250,000 earn 4.00%, and balances greater than $250,000 earn 4.20%.
Min. to earn: $0
|
N/A
|
Open Account for Barclays Tiered Savings
On Barclays' Secure Website. |
Keep learning about banking
Recent Articles
View All Articles
June 11, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 11, 2025: Up to 5.00%
Check out our list of the best high-yield savings account rates available today, with APYs up to 5.00%. There's no reason not to let your money work harder now.
June 10, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 10, 2025: Up to 5.00%
High-yield savings accounts with APYs up to 5.00% are available today. Move your money now and let it start working harder for you.
June 10, 2025 | By
James McClenathen
Best CD Rates Today, June 10, 2025: Up to 4.60% APY
We've curated today's top CD rates with APYs of up to 4.60%. Lock in one of the best CDs today to maximize earnings on your savings while high rates last.
June 9, 2025 | By
Ryan Wilcox
This Is the Top High-Yield Savings Account Right Now (It Pays up to 4.40%)
Earn more on your money today with LendingClub's high-yield savings account. See how much more you could be making today.
June 9, 2025 | By
Joel O'Leary
How Much Money Do You Need in Savings to Get Through a Recession?
Here's how much emergency savings you really need to protect yourself during a recession, plus some smart ways to grow it.
June 9, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 9, 2025: Up to 5.00%
Today's highest savings accounts feature APYs between 4.50% and 5.00%. Explore the best savings rates and take advantage of high rates while they last.
June 9, 2025 | By
James McClenathen
Best CD Rates Today, June 9, 2025: Up to 4.60% APY
Today's best certificates of deposit (CDs) have APYs of up to 4.60%. Lock one in today while rates remain high.
June 8, 2025 | By
Ryan Wilcox
You're Probably Paying an ATM Fee You Don't Need To
Most ATM fees are entirely avoidable. Here's how to switch to a bank that helps you keep more of your cash.
June 8, 2025 | By
Joel O'Leary
Best Bank Account Bonuses This Week: June 8, 2025
Score up to $200 with this week's featured bank bonus. Just open an account and meet simple requirements to earn. See the best offers this week.
June 8, 2025 | By
James McClenathen
Best CD Rates Today, June 8, 2025: Up to 4.60% APY
The best CD rates are between 4.50% and 4.60% for terms of 10 months or less. Help protect yourself against future rate cuts and lock one in today.
Share This Page
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands. Terms may apply to offers listed on this page. APYs are subject to change at any time without notice.
Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. American Express is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Goldman Sachs Group, JPMorgan Chase, Target, and U.S. Bancorp. The Motley Fool recommends Barclays Plc and Capital One Financial. The Motley Fool has a disclosure policy.