bank rates

Best National Savings Accounts for September 2018

Hand grabbing money out of a jar

After years of stagnation, we’re finally starting to see a rise in savings rates.

Two banks currently share the lead on our list of the best national savings accounts for September 2018 — CIBC Bank USA and Vio Bank.

Both are offering 2.10% APY. CIBC Bank requires a minimum deposit of $1,000 and a minimum balance of $1 to earn the APY, while Vio Bank requires $100 for both the minimum deposit and minimum balance to earn the APY.

15 banks pay at least 1.80% APY or better on savings accounts:

In total, you’ll now find 15 banks all offering 1.80% APY or above on savings accounts. 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 15 savings account leaders and their requirements.

Savings Account Leaders

Bank APY Min Deposit Min Balance
CIBC Bank USA 2.10% $1,000 $1
Vio Bank 2.10% $100 $100
Salem Five Direct 2.05% $100 $0
Citizens Access  2.00% $5,000 $5,000
Popular Direct 2.00% $5,000 $500
IncredibleBank 2.02% $2,500 $25,000
Radius Bank 1.96% $100 $25,000
Northpointe Bank 1.95% $0 $25,000
Pure Point Financial 1.90% $10,000 $10,000
Radius Bank 1.96% $100 $25,000
Barclays 1.85% None None
Synchrony Bank 1.85% $30 $30
Marcus 1.85% $50 None
SFGI Direct 1.81% $500 None
DollarSavingsDirect 1.80% $None $1
Live Oak Bank 1.80% $0 None

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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  1. timothy kostka said:
    on September 7th at 10:11 am

    UMB Bank for new members, Money Market 2.3 % APR. 10K min. Must visit local branch to open.Guaranteed 1 year