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 14, 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
|
Earn up to $300 bonus with direct deposit.
Plus, new customers earn an extra 0.20% APY on savings for up to 6 months with direct deposit (terms apply) — that equals up to 4.00% APY!
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 14, 2025 | By
Joel O'Leary
How to Start a CD Ladder With Just $5,000
You don't need tens of thousands to build a CD ladder. Here's how to start with just $5,000 and earn more on your savings.
June 14, 2025 | By
Ryan Wilcox
Should You Open a CD Before the June Fed Meeting?
CD rates are still high, but that could change soon. Learn why opening a CD now might be a smart move.
June 14, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 14, 2025: Up to 5.00%
We've compiled a list of the best high-yield savings account rates today, with APYs up to 5.00%. Make a switch to maximize your earnings.
June 13, 2025 | By
Ryan Wilcox
The Fed Meets Next Week: Are You Ready if Rates Start Dropping?
The Fed meets next week -- find out what to do with your excess savings if interest rates start dropping soon.
June 13, 2025 | By
Joel O'Leary
My Friend Built a $60,000 CD Ladder. Here's How Much It Pays Him Monthly
A $60,000 CD ladder sounds complex, but it's surprisingly simple. Here's how much my friend earns each month and how it works.
June 13, 2025 | By
Jake FitzGerald
Don't Wait for the Fed to Blink -- Lock In These High Yields Now
Savings rates are still high, but they might not be for long. Here's why now is the time to lock in top yields before the Fed starts cutting rates.
June 13, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 13, 2025: Up to 5.00%
The best HYSAs today are offering APYs of 4.50% to 5.00%. These rates might not stick around much longer, though. Take advantage while you still can.
June 12, 2025 | By
Ryan Wilcox
Will CD Rates Fall After the Fed's June 17-18 Meeting?
CD rates are still relatively high, but they may not stay that way. See why now could be a smart time to lock in a fixed return.
June 12, 2025 | By
Jake FitzGerald
Best High-Yield Savings Account Rates Today, June 12, 2025: Up to 5.00%
APYs of up to 5.00% are available on high-yield savings accounts today. Let your money start working harder for you.
June 12, 2025 | By
James McClenathen
Best CD Rates Today, June 12, 2025: Up to 4.60% APY
Take advantage of today's best CD rates -- 4.50% to 4.60% APY for terms of 10 months or less. Lock in a competitive rate before potential Fed rate cuts.
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.