Deposit Diary Daily #273

Best Nationally Available Savings/Money Market Accounts (21 February 2025)

What’s Happening

Rate changes picked up this week, with 13 rate decreases but only a single rate increase.

AlumniFi Savings

I’ve added a new savings account from a relatively new financial institution: the AlumniFi Savings offered by AlumniFi Credit Union, the digital arm of Michigan State University Federal Credit Union. AlumniFi Credit Union (like MSUFCU) is an easy membership credit union.

Two Ways to Become an AlumniFi Member:

1. AlumniFi Membership is available if you live, work, worship or attend school in the State of Michigan.
2. Not you? No Problem - Join the Desk Drawer Foundation, a 501(c) organization that supports community non-profits.

The AlumniFi Savings has tiered rates that are guaranteed through the end of February:

• Tier 1 • 4.25% APY • No minimum

• Tier 2 • 4.50% APY • $25k minimum

• Tier 3 • 4.75% APY • $100k minimum

Current Top Rates

Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of February 21, 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)

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

AlumniFi Credit Union • AlumniFi Savings • 4.75% ($100k+), 4.50% ($25k), 4.25% (no min)

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

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)

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)

Quontic Bank • Personal Money Market • 4.50% (↓25 bps) (all balances)

Brilliant Bank • Surge Money Market Account • 4.50% (↓20 bps) ($1k min opening deposit)

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

• Prism Bank (Raisin) • Money Market Deposit Account • 4.35% (↑5 bps)

Rate Decreases

• Quontic Bank • Personal Money Market • 4.50% (↓25 bps)

• Brilliant Bank • Surge Money Market Account • 4.50% (↓20 bps)

• Newtek Bank • Personal High Yield Savings • 4.45% (↓10 bps)

• Barclays • Barclays Tiered Savings • 4.40% (↓10 bps) ($250k+), 4.15% (↓10 bps) (<$250k)

• CFG Bank • High Yield Money Market Account • 4.32% (↓5 bps)

• Mission Valley Bank (Raisin) • High Yield Savings Account • 4.31% (↓4 bps)

• Paprika Capital Bank (Raisin) • High Yield Savings Account • 4.30% (↓1 bps)

• Popular Direct • Popular Direct Select Savings • 4.30% (↓10 bps)

• Bank 5 Connect • Jumbo Savings • 4.15% (↓10 bps)

• Fieldpoint Private • Max Savings • 4.02% (↓30 bps)

• UFB Direct • Max Savings • 4.01% (↓30 bps)

Removal, Rate Decrease

• Laurel Road • Laurel Road High Yield Savings • 3.80% (↓20 bps)

• Adda Bank (Raisin) • High Yield Savings Account • 3.50% (↓75 bps)

Removal, No Longer Offered

• The Atlantic Federal Credit Union (Raisin) • High Yield Savings Account • 4.36%

SPREADSHEET

The attached spreadsheet lists the 100 current best rates offered on nationally available savings accounts and Money Market accounts as of February 21, 2025.

Dq Liquid Rates 21 Feb 2025

27.2KB ∙ XLSX file

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