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The 10 Best Savings Accounts (Bank) in America



What are the 10 Best Savings Accounts in America:

Are You a citizen of America or are you residing at the state of America and you are looking for the best Savings account that you want to save you money as Saving money is something that everyone should try to do, as you never know when a major expensive might pop up here we did a very good research to bring to you the best 10 savings account in America that you can save your money in without stress, All you have to do is to read the articles we have provided and pick which of the bank you would like to save you money in it.

But, saving money can be difficult, especially when savings rates aren’t that attractive either.

The 10 Best Savings Accounts in America

The list of the 10 best American savings accounts and figures mentioned below have been compiled from various sources around the web, such as The College Investor & The Balance.

These are the 10 best savings accounts in America.

10. FNBO Direct

First National Bank Omaha is a subsidiary of First National of Nebraska. It is the largest privately held bank subsidiary in the United States with $17 billion in assets and 4320 employees, as part of First National of Nebraska.

Headquarters: Omaha, Nebraska, United States Founded: 1857, Omaha, Nebraska, United States President: Clark Lauritzen Number of employees: 4,320 Subsidiaries: First Bankcard Center, MORE Parent organization: First National of Nebraska Founders: Herman Kountze, Augustus Kountze

Kicking off the list is a relatively unknown bank when compared to others on the list.


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

If you’re the type of person that likes visiting a branch to deposit your money, then you’ll be happy to know that they have branches in 7 states, mostly in the mid-west of America.

FNBO 45 branch locations

FNBO is the great big small bank with 45 branch locations serving the Alliance, Chadron, Columbus, David City, Elkhorn, Fremont, Grand Island, Kearney, Lincoln, Norfolk, North Platte, Omaha, Papillion, LaVista, and Scottsbluff communities in Nebraska.

However, if you’re not fussed about that, then you can open an account online with a minimum deposit of only $1.

How to Open account FNBO Direct (Application status)

To Open account with FNBO Direct is either you visit one of their branches McLean, Virginia, United States or you sign up using their Official website FNBO Direct.

They’re currently offering a 2.00% APY, which is pretty good compared to the current standard rates.

And, if you like doing all your banking under one roof, then you could also consider opening a checking account so you can easily transfer money between the two!

Is FNBO a good bank?

The typical First National Bank of Omaha review from customers highly rates the bank — it ranks among the best banks in the Midwest in J.D. Power’s Customer Satisfaction Study and is a GOBankingRates Top 100 Bank of 2022.

9. Capital One Bank

Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States.

Headquarters: McLean, Virginia, United States

CEO: Richard Fairbank (26 Jul 1994–) Founded: 21 July 1994, Richmond, Virginia, United States Revenue: 26.03 billion USD (2020) Number of employees: 51,985 (2020) Subsidiaries: Capital One Canada, MORE Founders: Richard Fairbank, Nigel Morris

How to Open account SOFI Money (Application status)

To Open account with Capital One Bank is either you visit one of their branches McLean, Virginia, United States or you sign up using their Official website Capital One Bank.

If you like your using technology to manage your finances and prefer the efficiency of doing it online, then opening a savings account with Capital One Bank could be a good choice for you.

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

The account is completely fee-free and you don’t need to hold a balance, so it’s up to you how you use this account in your financial plans.

Now, let’s say you want to have more than one savings account, or you want to split your savings into easily identifiable savings goals, like a travel fund or car fund, well, Capital One lets you open up to 25 savings accounts as a single account holder.

You can then set up automatic transfers, of the amount of your choice, into each savings account when you get paid, so your whole savings system is automated!


8. SOFI Money 

SoFi was founded in 2011 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady, four students who met at the Stanford Graduate School of Business. The founders hoped SoFi could provide more affordable options for those taking on debt to fund their education. Products: Student loans; Home loans; Personal … Traded as: Nasdaq: SOFI Founders: Mike Cagney; Dan Macklin; James … Founded: August 2011; 10 years ago

How to Open account SOFI Money (Application status)

To Open account with SOFI Money is either you visit one of their branches or you sign up using their Official website SOFI Money.

This type of account from SOFI money is what you might call a “Hybrid Savings Account”.


The reason being is that it’s actually a cash money account that has an interest rate of a savings account currently 1.80% and a debit card like a checking account.

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

This could be a good option for someone that likes to have access to a decent amount of money at any time, but would more than likely still hold on to the cash for an emergency of some kind.

So it could be a good place to house your emergency fund!

7. Ally Bank 

Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.

Customer service: 009 1 757-247-2559 Headquarters: Sandy, Utah, United States Founded: 2009 Parent organization: Ally Financial

Currently offering a savings rate of 1.90% APY, Ally Banks savings account could be worth your while taking a look at.

How to Open account Ally Bank (Application status)

To Open account with Ally Bank is either you visit one of their branches at Sandy, Utah, United States or you sign up using their Official website Ally Bank.

As you might have come to expect, this type of savings account comes with no fees, no minimum balance and an array of other pretty standard benefits.

Where this account differs from others is in the ease of access and customer service. So far, Ally Bank is known for providing good customer service, and accessing your money through its web site is simple and efficient.

Ally Bank also offers High-Yield Checking accounts, so if you want to keep everything under one roof and like to do it all online, then opening an account with them could 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 America.

6. Marcus By Goldman Sachs

Goldman Sachs was founded in New York City in 1869 by Marcus Goldman. In 1882, Goldman’s son-in-law Samuel Sachs joined the firm. In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co. Subsidiaries: Marcus by Goldman Sachs; Gold… Products: Asset management; Credit cards; Co… Divisions: Investment Banking; Global Markets; … Founders: Marcus Goldman; Samuel Sachs

Marcus by Goldman Sachs is Known as the next best savings account in America.


How to Open account Marcus By Goldman Sachs(Application status)

To Open account with Marcus By Goldman Sachsis either you visit one of their branches or you sign up using their Official website Marcus By Goldman Sachs.

You can check your Synchrony Bank application status by calling (866) 226-5638, Mon-Fri, 7 a.m. to midnight ET.

Familiarity might play a big part in your decision to open a new account and understandably so. Goldman Sachs has a solid reputation when all things are considered, and is more than likely not going anywhere soon.


So, if you choose to open a Marcus savings account, you’ll get 2.00% APY, no fees and no minimum deposits.

The extra 0.10% puts it ahead of Ally Banks online savings account and, with no fees to pay at all, we think it’s a better option if you’re just looking for a savings account!

Also, if you’re looking to transfer quite a bit of money, the Marcus account should be good enough as it has decent transfer limits.


5. Synchrony

Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States

Headquarters: Stamford, Connecticut, United States CEO: Brian D. Doubles (1 Apr 2021–) Founded: 12 September 2003 Revenue: 1.385 billion USD (2020) Number of employees: 16,500 (2018) President: Margaret M. Keane Subsidiaries: Allegro Credit, Loop Commerce, Synchrony Bank, MORE

Credit score requirements

It depends on the credit card you are interested in. Most credit cards offered by Synchrony Bank are designed for people with fair (640 – 699), good (700 – 749) or excellent (750 – 850) credit.

Application status

You can check your Synchrony Bank application status by calling (866) 226-5638, Mon-Fri, 7 a.m. to midnight ET.


Today GE (NYSE:GE) completed the separation of Synchrony Financial (NYSE: SYF), the largest provider of private label credit cards in the United States[1]. Synchrony Financial has been a part of GE Capital for more than 80 years, helping consumers finance purchases from clothing to jewelry to RVs to furniture.


Synchrony competitors include Loomis, Ally Financial Inc., Goldman Sachs, CareCredit and Great Western Bank

Another savings account that offers high yields is this one from Synchrony.

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

How to Open account Synchrony (Application status)

To Open account with Synchrony is either you visit one of their branches at Stamford, Connecticut, United States or you sign up using their Official website Synchrony.

The account is easy to open and done within minutes, with no more than $1 minimum deposit.

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

You won’t be able to go into a branch any time soon either, as the company only has one location in New Jersey.

So, take these points into consideration when deciding if you’re going to choose this account, as high-interest yields mean nothing if you have trouble accessing your money!

4. American Express Bank

American Express Company is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.

Owner: Berkshire Hathaway CEO: Stephen Squeri (1 Feb 2018–) Headquarters: New York, New York, United States Founded: 18 March 1850, Buffalo, New York, United States Revenue: 43.66 billion USD (2021) Subsidiaries: Kabbage, Paramount Media Networks, MORE Founders: William Fargo, Henry Wells, John Butterfield.

American Express Bank Official website

How to Open account American Express Bank (Application status)

You can open account with American Express Bank by either you visit one of their branches or you use their official website which is American Express Bank to sign up

You can do this easily by calling American Express at 877-239-3491. For business card application status, call 800-567-1085. You can also check your credit card application status online.

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

If you’re already an existing Amex credit card customer, then you’ll know how good their customer service is and what you might expect if you open a savings account with them.

They offer savings accounts with a 1.90% APY, that’s FDI insured and positively reviewed.

This is also an online-only offering as Amex do not have any branches, so this type of account would be best suited for someone that is looking for a high-interest account to store their money from a reputable company.

One annoying downside is that you’ll have to have multiple account logins if you have a credit card and a bank account with them, as they’re not linked.

This is not a major problem, but something to consider if you like to minimize accounts and passwords.

3. Discover Bank

Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois.

Headquarters: New Castle, Delaware, United States CEO: Roger C Hochschild (1 Oct 2018–) Founded: 1911 Parent organization: Discover Financial Services Subsidiaries: Discover Products Inc, More

Coming in at number 3 on our list of the best savings accounts in America, is the high yield savings account from Discover Bank.

Maybe not the most well-known bank in the savings space, but certainly one that’s been around for a long time.

Their savings account currently offers 1.90% APY with no fees and no minimum balance requirements.

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

How to Open account Discover Bank (Application status)

To Open account with Discover Bank is either you visit one of their branches at New Castle, Delaware, United States or you sign up using their Official website Discover Bank.

2. CIT Bank

CIT was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas. After 100 years, financing remains at the heart of the company.

Customer service: 009 1 626-535-8964 Headquarters location: Pasadena, California, United States Founded: 2000


Ellen R. Alemany

Ellen R. Alemany is chairwoman and chief executive officer of CIT Group and chairwoman, CEO and president of CIT Bank, N.A., the company’s bank subsidiary.


SWIFT Code OWBKUS6L Click to Copy Send by e-mail
Postcode 91103


CIT Bank is Founded by Henry Ittleson

CIT was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas. After 100 years, financing remains at the heart of the company.

How to Open account CIT Bank (Application status)

To Open account with Discover Bank is either you visit one of their branches a or you sign up using their Official website CIT Bank. To Open account with Discover Bank is either you visit one of their branches at New Castle, Delaware, United States or you sign up using their Official website CIT Bank.

In second place on our list is CIT bank, who currently offer a 2.20% APY Premier High Yield Savings account.

This is one of the highest rates on the market and is attracting a lot of attention.

However, bear in mind that you’ll need bank accounts from other providers to be able to transfer money in and out of your savings accounts, as CIT does not offer checking accounts. However, it does have branches that you can visit, if you need some more peace of mind.

To open an account, you don’t need a massive balance, $100 will do, but in order to get the best rates possible, you’ll probably end up jumping through a few hoops to confirm your eligibility.

The rates are obviously based on your personal financial situation, so the better your financial situation, the better your chances of a higher rate.

Overall, it seems like CIT Bank has received mixed reviews, with the negative ones mainly being associated with their customer service and online experience.

1. Betterment

Betterment is an American financial advisory company which provides digital investment and cash management services. The company is based in New York City, registered with the Securities and Exchange Commission, and a member of the Financial Industry Regulatory Authority.

CEO: Sarah Kirshbaum Levy (Dec 2020–) AUM: US$33 billion (2022) Headquarters: New York, New York, United States Founded: August 2008 Number of employees: 293 (2020) Subsidiaries: MTG, LLC Parent organization: Betterment Holdings, Inc.


Betterment claims that investing in a Betterment portfolio since 2004 would have produced a cumulative return of 190.6% (which is an average annual return of 7.3%). This beats out the average private client investor’s portfolio, which had a cumulative return of 109.2% over the same time period.


Betterment has a post-money valuation in the range of $1B to $10B as of Sep 29, 2021 , according to PrivCo.

Expense ratio


Betterment at a glance. $10. 0.25%. Average expense ratio of 0.11%.


Betterment (company)

Type Private
AUM US$33 billion (2022)
Number of employees 293 (2020)
Parent Betterment Holdings, Inc.
Divisions Betterment at Work Betterment for Advisors

The best savings account in America right now is from Betterment.

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

As it currently stands, they’re offering the highest rate of 2.21% APY with absolutely no fees and no minimum balance requirements.

Their account is also FDIC Insured up to $1,000,000.

If you want to get the highest rate, then they’ll require you to join a waiting list for a checking account they’re also releasing, however, the checking account is free and it’s not mandatory that you have to open one.

How to Open account Betterment (Application status)

To Open account with Betterment is either you visit one of their branches at New York, New York, United States or you sign up using their Official website Betterment. To Open account with Discover Bank is either you visit one of their Official website Betterment.


We hope you have gone through the 10 listed best savings accounts in America that you can save you money in, pick one and startup your saving for the the better good and thank us later at the comment section. all the above listed bank for your savings are all genuine company to bank with no need to fear that you might be scammed, all you have to do is chose one that’s close to so if any issue occur that you will need to go to the bank then you won’t bother to stress your self much.

Head over to a couple of your favorites and see what other products they have that you could benefit from.

Maybe they have some interesting mortgage rates or credit cards that could work for you?!

Here’s a quick recap of the 10 best savings accounts in America.

  1. Betterment
  2. CIT Bank
  3. Discover Bank
  4. American Express Bank.
  5. Synchrony
  6. Marcus By Goldman Sachs
  7. Ally Bank
  8. SOFI Money
  9. Capital One Bank
  10. FNBO Direct

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