Deposit Diary Daily #16
Best Nationally Available Savings/Money Market Accounts, 4 June 2024
Below are the 26 highest-rate nationally available savings accounts and Money Market accounts from banks and credit unions as of June 4, 2024. There have been few rate changes since my May 20, 2024 post, with the most notable being the 10 bps increase on the Harborstone Credit Union (Raisin) Money Market Deposit Account, 5.26%.
Poppy Bank continues to offer a 3-month rate guarantee (currently 5.50%, $1k min) on its Poppy Premier Online Savings, while Ivy Bank has extended its High-Yield Savings rate guarantee (5.30%, $2.5k - $1m) through September 30, 2024.
Western Alliance Bank has a relatively new account: High-Yield Savings Premier earning 5.36% on all balances ($0.01 minimum).
Banesco USA has a new Money Market Promo offering 5.25% on balances of $300+, but there are limitations:
$100k total annual incoming transactions (excluding initial deposit).
$100k total annual outgoing transactions.
Raisin has added three new competitive products:
NexBank – High Yield Savings Account, 5.26%
Prism Bank – Money Market Deposit Account, 5.25%
Paprika Capital – Bank High Yield Savings Account, 5.25%
The links listed below go to either the product’s landing page or the financial institution’s rate page.
My Banking Direct • High Yield Savings • 5.55% ($1 min)
Poppy Bank • Poppy Premier Online Savings • 5.50% ($1k min) • 3 month rate guarantee
Fieldpoint Private • Max Savings • 5.50% (no min)
First Internet Bank • Money Market Savings • 5.48% ($1m+), 3.77% (up to $1m), ($100 min opening deposit)
Customers Bank • Max Savings • 5.36% (no min)
Western Alliance Bank • High-Yield Savings Premier • 5.36% ($0.01 min), ($500 min opening deposit)
Brilliant Bank • Surge Money Market Account • 5.35% ($1k min opening deposit)
BrioDirect • High-Yield Savings • 5.35% ($25 min) ($5k min opening deposit)
Climate First Bank • Choice Personal Money Market • 5.34% (all balances) ($50k min opening deposit)
Veritex Bank • Max Savings • 5.34% (no min)
BankProv • Max Savings • 5.34% (↓2 bps) (no min)
Vio Bank • Cornerstone Money Market • 5.30% ($100 min opening deposit)
Ivy Bank • High-Yield Savings • 5.30% ($2.5k - $1m), 0.05% ($10), ($2.5k min opening deposit) • rate guaranteed through 9/30/2024
TAB Bank • High Yield Savings • 5.27% ($1 min )
NexBank (Raisin) • High Yield Savings Account • 5.26% ($1 min)
TotalDirectBank • Direct Money Market Deposit Account • 5.26% ($2.5k min), ($25k min opening deposit)
Jenius Bank • Jenius Savings Account • 5.25% (no min)
UFB Direct • UFB Secure Money Market • 5.25% (no min)
UFB Direct • UFB Secure Savings • 5.25% (no min)
Newtek Bank • Personal High Yield Savings • 5.25% (no min)
Evergreen Bank Group • High-Yield Online Savings • 5.25% (up to $1 million), ($100 min opening)
Paprika Capital Bank (Raisin) • High Yield Savings Account • 5.25% ($1 min)
Prism Bank (Raisin) • Money Market Deposit Account • 5.25% ($1 min)
Harborstone Credit Union (Raisin) • Money Market Deposit Account • 5.26% (↑10 bps) ($1 min)
Banesco USA • Money Market Promo • 5.25% ($300 min), ($100 min opening deposit)
CFG Bank • High Yield Money Market Account • 5.25% ($1k min), ($1k min opening deposit)
The attached spreadsheet lists a total of 179 nationally available savings accounts and Money Market accounts.
