Best Savings Accounts for March 2025
These top accounts offer APYs up to 5%.
To find the right savings account for you, be sure to compare features such as the annual percentage yield (APY), fees, accessibility and any account requirements. Below are some of the savings accounts CNET recommends that don’t charge high fees and offer competitive interest earnings on your money.
- Ally Bank 3.70% APY, $0 Min. deposit to open, No Branch access
- EverBank 4.30% APY, $0 Min. deposit to open, No Branch access
- Capital One Bank 3.70% APY, $0 Min. deposit to open, Yes Branch access
- TAB Bank 4.26% APY, $0 Min. deposit to open, No Branch access
- Newtek Bank 4.45% APY, $0 Min. deposit to open, No Branch access
- Discover 3.70% APY, $0 Min. deposit to open, No Branch access
- Laurel Road 3.80% APY, $0 Min. deposit to open, No Branch access
- Synchrony Bank 4.00% APY, $0 Min. deposit to open, No Branch access
- Varo Bank 2.50% - 5.00% APY, $0 Min. deposit to open, No Branch access
- Bask Bank 4.35% APY, $0 Min. deposit to open, No Branch access
- LendingClub 4.50% APY , $0 Min. deposit to open, No Branch access
- BMO Alto 3.70% APY, $0 Min. deposit to open, No Branch access
- Marcus by Goldman Sachs 3.90% APY, $0 Min. deposit to open, No Branch access
A deposit account issued by banks, credit unions and neobanks used to store money and earn a small amount of interest. Typically, these accounts are insured for up to $250,000 per account owner, per institution.
An interest-bearing account similar to a traditional savings account that pays a much higher annual percentage yield, or APY, than the average savings account. They are also typically insured for up to $250,000 per account owner, per institution.
A type of savings account in which a lump-sum deposit accrues interest at a fixed rate for a fixed term, usually with an early withdrawal penalty.
Similar to a savings account but with the added feature of check-writing privileges and a debit card to access cash, often with limitations on the number of monthly withdrawals.
An interest rate that represents the return from the compounded interest you’ll earn in 12 months on your deposit. The higher the APY, the faster your money grows.
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