Deposit Diary Daily #258

Best Nationally Available Savings/Money Market Accounts (7 February 2025)

What’s Happening

Roger Bank and Evergreen Wealth continue to be the only banks offering 5% APY on a savings account. Seven of the savings/Money Market accounts listed in last week’s top 20 accounts had recent rate decreases between 10 bps and 40 bps.

Current Top Rates

Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of February 7, 2025. The links go to either the product’s landing page or the financial institution’s rate page.

Roger Bank • Savings • 5.00% (no min or min opening deposit, but an active Roger checking account is required)

Evergreen Wealth • High Yield Savings • 5.00% ($25k min)

Patriot Bank • Online Money Market • 4.75% (no min or min opening deposit)

Quontic Bank • Personal Money Market • 4.75% (all balances)

Openbank • High Yield Savings Account • 4.75% (all balances), ($500 min opening deposit)

Modern Bank • High Yield Money Market • 4.75% ($100k min, new money only)

Brilliant Bank • Surge Money Market Account • 4.70% ($1k min opening deposit)

SBT (State Bank of Texas) • Jumbo Money Market • 4.65% (↓10 bps) ($100k min, new money only)

Pibank • Pibank Savings • 4.60% (↓15 bps) (no min or min opening deposit) (no rate guarantee)

OMB Bank • High Interest Online Savings • 4.56% ($5k min opening deposit)

Newtek Bank • Personal High Yield Savings • 4.55% (no min or min opening deposit)

FitnessBank • Fitness Savings Account • 4.55% (↓20 bps) ($250k max), ($100 min opening deposit)

TIMBR • TIMBR High Yield Savings • 4.55% (no min) ($1k min opening deposit)

BrioDirect • High-Yield Savings • 4.55% ($5k min opening deposit)

TotalDirectBank • Direct Money Market Deposit Account • 4.51% (↓16 bps) ($2.5k min), ($25k min opening deposit)

LendingClub • LevelUp Savings • 4.50% (no min or min opening deposit) • requires minimum deposit(s) of $250 each month

Jenius Bank • Jenius Savings Account • 4.50% (no min)

Poppy Bank • Poppy Premier Online Savings • 4.50% ($1k min)

First Foundation Bank • Online Money Market Account • 4.50% ($1k min opening)

First Foundation Bank Online Savings • 4.50% ($1k min opening)

RECENT RATE CHANGES

Rate Increases

• Fieldpoint Private • Max Savings (MaxMyInterest) • 4.32% (↑30 bps)

Rate Decreases

• SBT (State Bank of Texas) • Jumbo Money Market • 4.65% (↓10 bps)

• Pibank • Pibank Savings • 4.60% (↓15 bps)

• FitnessBank • Fitness Savings Account • 4.55% (↓20 bps)

• TotalDirectBank • Direct Money Market Deposit Account • 4.51% (↓16 bps)

• Popular Direct • Popular Direct Select Savings • 4.40% (↓10 bps)

• Bask Bank • Bask Interest Savings Account • 4.35% (↓15 bps)

• Peak Bank • Envision High-Yield Savings • 4.35% (↓40 bps)

• Mission Valley Bank (Raisin) • High Yield Savings Account • 4.35% (↓5 bps)

• American First Credit Union (Raisin) • Money Market Deposit Account • 4.35% (↓5 bps)

• Paprika Capital Bank (Raisin) • High Yield Savings Account • 4.31% (↓3 bps)

• mph.bank (Raisin) • Money Market Deposit Account • 4.31% (↓10 bps)

• First Financial Northwest Bank (Raisin) • Money Market Deposit Account • 4.30% (↓10 bps)

• CIT Bank • Platinum Savings • 4.30% (↓5 bps)

• CIBC Bank USA • Agility Savings Account • 4.28% (↓10 bps)

• Liberty Savings Bank (Raisin) • High Yield Savings Account • 4.21% (↓5 bps)

• mph.bank (Raisin) • Money Market Deposit Account • 4.16% (↓10 bps)

• The State Exchange Bank (Raisin) • High Yield Savings Account • 4.05% (↓30 bps)

• Synchrony Bank • High Yield Savings • 4.00% (↓10 bps)

• BMO Alto • Online Savings Account • 4.00% (↓10 bps)

Removals, No Longer Available

• Patriot Bank (Raisin) • Money Market Deposit Account • 4.40%

Removal, Rate Drop

• Smarty Pig • SmartyPig Savings • 3.90% (↓10 bps)

• Sallie Mae Bank • High Yield Savings • 3.90% (↓10 bps)

• Sallie Mae Bank • Money Market Account • 3.90% (↓10 bps)

• Jovia Financial Credit Union • Online Savings • 3.75% (↓25 bps)

SPREADSHEET

The attached spreadsheet lists the 100 current best rates offered on nationally available savings accounts and Money Market accounts as of February 7, 2025.

Dq Liquid Rates 7 February 2025

27.4KB ∙ XLSX file

Download

Download