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 24, 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
|
N/A
|
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 |
3.90%
Rate info
Balances less than $250,000 earn 3.90%, and balances greater than $250,000 earn 4.10%.
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 24, 2025 | By
Jake FitzGerald
CD Rates Are Over 4% -- but These 4 Red Flags Mean You Should Still Pass
CDs are paying 4.00% or more in June 2025, but that doesn't mean they're the right place for your cash. Here's when you should think twice.
June 24, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 24, 2025: Up to 5.00%
Earn up to 5.00% APY with today's top high-yield savings accounts. Make the switch now and watch your money grow without sacrificing access.
June 24, 2025 | By
James McClenathen
Best CD Rates Today, June 24, 2025: Up to 4.60% APY
Short-term CD rates are hitting 4.60% APY. With possible Fed cuts ahead, now's a great time to lock in a top yield and secure a solid return.
June 23, 2025 | By
James McClenathen
Here's What Most People Don't Know About Stashing Money in a Savings Account
Most people think their money is safe in a savings account, but that safety comes at a huge cost. Here's what to know before leaving cash sitting in savings.
June 23, 2025 | By
Jake FitzGerald
CD Rates Are Still Over 4%. Here's Why I'm Not Biting in June 2025
CD rates are still over 4% this month, but I'm holding on buying in. Here's why flexibility, access, and a strong high-yield savings rate matter more to me now.
June 23, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 23, 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 23, 2025 | By
James McClenathen
Best CD Rates Today, June 23, 2025: Up to 4.60% APY
Rates on short-term CDs are reaching highs of 4.60% now. Protect against potential Fed rate cuts on the horizon later this year and lock one in today.
June 22, 2025 | By
Joel O'Leary
Best Bank Account Bonuses This Week: June 22, 2025
Earn a few hundred dollars with this week's best bank account bonuses. We've rounded up easy, legit offers with simple requirements and no fine-print surprises.
June 22, 2025 | By
James McClenathen
Best CD Rates Today, June 22, 2025: Up to 4.60% APY
Lock in a top CD rate today -- APYs are reaching up to 4.60%. Act now to secure a strong return before interest rates start to slip.
June 21, 2025 | By
James McClenathen
Should You Lock In a 6-Month CD in June 2025?
With the Fed keeping rates steady in June, a short-term CD could be a smart move. Here's when it makes sense and how to get the best rate.
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.