Comparing Interest Rates on Online Savings
Online savings accounts are known for offering higher interest rates than traditional banks due to lower overhead costs.
Comparing rates is essential for getting the most return on your money, especially in today’s competitive digital banking landscape.
While most online banks offer FDIC insurance and user-friendly mobile apps, interest rates can vary significantly.
Understanding these differences helps you choose the account that best fits your savings goals.
Find the Best Online Bank for Your Money in 2025
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Marcus by Goldman Sachs
APY: 4.
40% — No fees or minimum balance.
Trusted brand with simple account management and strong security. -
Ally Bank
APY: 4.
25% — Consistent performer with no monthly fees and great customer service.
Includes savings buckets for organizing funds. -
Synchrony Bank
APY: 4.
75% — One of the highest interest rates available.
Offers ATM access and solid account protection features. -
Discover Bank
APY: 4.
30% — No monthly fees and easy online tools.
Backed by a major financial institution with strong support. -
American Express® High Yield Savings
APY: 4.
25% — Trusted brand with a solid interest rate and no fees.
Lacks mobile deposit but strong for passive savings.