bank rates

Best National Savings Accounts for April 2018

Hand grabbing money out of a jar

After years of stagnation, we’re finally starting to see a rise in savings rates. One bank is at the top of our list of the best national savings accounts for April 2018 — Popular Direct.

It’s offering 2.00% APY. That’s with a $5,000 minimum deposit and a $500 minimum balance.


14 banks pay at least 1.30% APY on savings accounts:

In total, you’ll now find 14 banks all offering 1.30% APY or above on savings accounts, and eight of those banks are offering rates of 1.55% APY or above. That’s quite a change from this time last year.

It wasn’t long ago that you would have been hard-pressed to find a savings account paying above just 1.00% APY.

Below you’ll find those 14 savings account leaders and their requirements.

Savings Account Leaders

Bank APY Min Deposit Min Balance
Popular Direct 2.00% $5,000 $500
Salem Five Direct 1.85% $100 None
DollarSavingsDirect 1.80% $None $1
IncredibleBank 1.76% $2,500 $25,000
Live Oak Bank 1.70% $0 None
Pure Point Financial 1.60% $10,000 $10,000
CIT Bank 1.55% $100 $100
Synchrony Bank 1.55% $30 $30
SFGI Direct 1.51% $500 None
Barclays 1.50% None None
Marcus 1.50% $50 None
Nationwide  1.30% $25 $300
BankPurely 1.30% $1 None
Radius Bank 1.30% $10 $2,500

Finding the best savings account deals

The above deals are all nationally available, open to all savers regardless of where they live.

But you must remember that, unless your rate is guaranteed for a certain period of time, banks can raise or lower savings account rates anytime they wish.

You might be able to find a better deal by searching locally at credit unions or regional banks.

Can you find a higher return only available in your area? Search our database of the best money market and savings account rates offered by dozens of banks and thrifts near you.

This list of the best national savings accounts is updated monthly. 

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