Deposit Diary Daily #281
Best Nationally Available Savings/Money Market Accounts (28 February 2025)
What’s Happening
CIT Bank is currently offering a $225 or $300 Cash Bonus when opening a new Platinum Savings account (4.30%, $5k minimum balance). The following excerpt from the landing page includes the salient information. (More details and examples can be found on the landing page.)
Promotion Disclosures
This limited time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria.
The Promotion begins on February 26, 2025 and can end at any time without notice.
Customers will receive a $225 or a $300 bonus provided that the program requirements are met.
There is a limit of one Platinum Savings promotional offer per account and per Primary customer. If multiple Platinum Savings accounts are opened, only one account per primary account owner is eligible.
Custodial accounts and Trust Accounts are not eligible.
IMPORTANT: All customers who qualify for the $225 or $300 bonus offer will receive the bonus in the enrolled Platinum Savings account within 60 days after the 30-day funding period.
Current Top Rates
Rate changes significantly slowed this week, with 3 rate decreases and no rate increases.
The Patriot Bank Online Money Market (4.76%) has been removed from this Summary as it no longer appears on the bank’s website. According to CSR, “new applications are not being accepted” for the Online Money Market account.
Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of February 28, 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)
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)
Climate First Bank • Choice Personal Money Market • 4.46% (all balances), ($50k min opening deposit)
RECENT CHANGES
Newly Added
Shelby State Bank (Raisin) • High Yield Savings Account • 4.14%
Rate Decreases
First Community Bank (Raisin) • High Yield Savings Account • 4.23% (↓10 bps)
SkyOne Federal Credit (Raisin) • Money Market Deposit Account • 4.20% (↓10 bps)
Fieldpoint Private • Max Savings • 3.92% (↓10 bps)
Removal, No Longer Offered
Patriot Bank • Online Money Market • 4.76%
SPREADSHEET
The attached spreadsheet lists the 100 current best rates offered on nationally available savings accounts and Money Market accounts as of February 28, 2025.